4. pants

The competent authority

requested to participate in a simultaneous examination shall

consider the information in conjunction with information from its

own sources and shall confirm in writing to its counterpart its

agreement or refusal to undertake this examination (mentioning

the taxpayers, the taxes and the tax years involved). Before

making its confirmation, the competent authority shall seek to

obtain any information that it requires in order to reach a

decision, either under its domestic laws or under the provisions

of the Directive or of Article 26 of the Convention.

It shall indicate a designated

representative who will have functional responsibility for

directing and coordinating the examination.

The proposing competent authority

shall also indicate in writing a designated representative.

The competent authorities may then

present to each other requests for exchange of information or

provide each other with information spontaneously under and in

conformity with the Convention or the Directive.