Recital (7)

In order to improve efficiency in the collection, processing and use of information, the ESAs, the ESRB, the SRB, the ECB as a competent authority in relation to the data collected as part of the tasks conferred on it by Regulation (EU) No 1024/2013 and AMLA should, upon request, share, on a regular or case-by-case basis, the information they obtain from financial institutions, other reporting entities or other authorities with authorities that are entitled to collect the same information pursuant to Union law. That includes cases where those authorities are entitled to collect the information from different financial institutions, reporting entities or authorities. For the same purpose, authorities that enhance information by cleaning or enriching it should also be able to share such enhanced information. For the report once principle to be applied in a more consistent manner, rather than requesting information from reporting entities, the ESAs, the SRB, the ECB as a competent authority and AMLA should, in general, request information from other authorities where they know or can reasonably expect that those other authorities have already collected such information, and where such a request would not jeopardise the ability of the ESAs, the SRB, the ECB as a competent authority or AMLA to perform their tasks.