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The 3L3 Committees agreed to reach a common understanding on the five assessment criteria laid down by the Directive for the prudential assessment of acquisitions and foster convergence of supervisory practices.
The 3L3 Committees defined co-operation arrangements in order to ensure an adequate and timely flow of information between supervisors, taking into account the limited time provided under the Directive for completing prudential assessments. They have also established an exhaustive and harmonized list of information that proposed acquirers should include in their notifications to the competent supervisory authorities.
Deadline for consultation is