4.
The Authorities may, by consensus, set up such sub-committees as
may be deemed necessary to carry out any specific assignment or duty
of CISNA.
ARTICLE 14
REFERRALS
If any Authority believes that a matter falls more appropriately within the
jurisdiction of another Authority, or that some joint action is required in dealing
with the matter, such matter should be referred to the other Authority as soon
as is reasonably practicable.
ARTICLE 15
CESSION AND ASSIGNMENT
An Authority or designated representative of such Authority may not cede,
assign or transfer any right or obligation granted under this Annex without the
prior written consent of all the Authorities, which consent shall not be
unreasonably withheld.
ARTICLE 16
CONSULTATIONS
The Authorities shall assist one another to develop approaches for
strengthening the regulation, supervision and the efficiency of the financial
institutions in the Authorities' respective jurisdictions while avoiding, where
possible, conflicts that may arise from the application of differing regulatory
and supervisory practices.
106
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