Given that, after having received the initial notification, competent authoritiesas defined in Article 46 will need more detailed information about the incident with the intermediate report and the full set of relevant information with the final report to further assess the situation and evaluate supervisory actions they may want to take, the reporting timelines should be such to allow competent authoritiesas defined in Article 46 to receive the information timely, while ensuring financial entitiesas defined in Article 2, points (a) to (t) have sufficient time to obtain complete and accurate information.