THE COMMUNITY SHOULD BE THE SUBJECT OF BILATERAL AGREEMENTS , ON THE BASIS OF RECIPROCITY , BETWEEN THE COMPETENT AUTHORITIES OF THE MEMBER STATES AND THE NON-MEMBER COUNTRIES CONCERNED . SUCH AGREEMENTS SHALL SEEK TO ENSURE THAT MEMBER STATES' COMPETENT AUTHORITIES ARE ABLE TO OBTAIN THE NECESSARY INFORMATION TO ENABLE A CREDIT INSTITUTION WITHIN THE COMMUNITY , WITH PARTICIPATIONS IN CREDIT INSTITUTIONS OR FINANCIAL INSTITUTIONS OUTSIDE THE COMMUNITY , TO BE SUPERVISED ON A CONSOLIDATED BASIS AND THAT THE COMPETENT AUTHORITIES IN NON-MEMBER COUNTRIES ARE ABLE TO OBTAIN THE INFORMATION NECESSARY TO ENABLE PARENT COMPANIES HAVING HEAD OFFICES WITHIN THEIR TERRITORY WHICH HAVE PARTICIPATIONS IN CREDIT INSTITUTIONS SITUATED IN ONE OR MORE MEMBER STATES TO BE SUPERVISED .
2 . THE COMMISSION AND THE ADVISORY COMMITTEE SET UP UNDER ARTICLE 11 OF DIRECTIVE 77/780/EEC SHALL BE KEPT INFORMED OF SUCH STEPS AS MAY BE TAKEN IN THIS CONTEXT , AND THE COMMISSION SHALL UNDERTAKE COORDINATION OF THE ABOVE AGREEMENTS .
FINAL PROVISIONS
ARTICLE 7
1 . MEMBER STATES SHALL TAKE THE MEASURES NECESSARY TO COMPLY WITH THIS DIRECTIVE NOT LATER THAN 1 JULY 1985 . THEY SHALL FORTHWITH INFORM THE COMMISSION THEREOF .
2 . MEMBER STATES SHALL COMMUNICATE TO THE COMMISSION THE TEXTS OF THE MAIN LAWS , REGULATIONS AND ADMINISTRATIVE PROVISIONS WHICH THEY ADOPT IN THE FIELD COVERED BY THIS DIRECTIVE .
ARTICLE 8
THIS DIRECTIVE IS ADDRESSED TO THE MEMBER STATES .
DONE AT LUXEMBOURG , 13 JUNE 1983 .
FOR THE COUNCIL
THE PRESIDENT
H . TIETMEYER