jurisdiction in order to provide a Requesting Authority with information that will allow such authority to fulfil its regulatory and supervisory responsibilities. 2. If any Authority comes into possession of information that would be likely to assist another Authority in administering or enforcing the laws or regulations for which it is responsible, the first-mentioned Authority will endeavour to notify the other Authority of the existence of that information. ARTICLE 5 REQUEST FOR INFORMATION AND ASSISTANCE 1. The provisions of the Annex on the Exchange of Information and Surveillance of Securities, Insurance and Retirement Activities will, with the necessary changes, apply to: (a) requests for information and assistance; (b) the execution of such requests; (c) the permissible uses of information; (d) the rights of Requested Authorities; (e) confidentiality; and (f) the costs of investigations. ARTICLE 6 COMPLIANCE WITH INTERNATIONAL STANDARDS (DIAGNOSTIC EXERCISE) 1. In order to assist the legislature with the drafting or amending of legislation that is compliant with international standards, the Authorities shall: (a) undertake in their respective jurisdictions a diagnostic study, analysis or assessment that focuses primarily on assessing the regulatory framework and supervisory practices in terms of the objectives and principles of the IOSCO, the IAIS and the lOPS; (b) before submission of the assessments verify such assessments through Authority peer or third party review; and (c) adopt and develop the required structures in line with the objectives and principles recommended by IOSCO, IAIS and lOPS, if the assessment demonstrates that is what is required. 103