S.L. 123.175 чл. 10Notification to the Commissioner by the licence holder.

(1) Each licence holder shall notify the

Commissioner in writing prior to accepting qualifying contributions or payments from a qualifying employer.

(2) Where the qualifying scheme is a long term contract of insurance, the notification referred to in sub-rule (1) shall include: 123.175 PENSION SCHEME RULES

(a) a declaration by the licence holder that the long term contract of insurance satisfies the conditions referred to in rule 7; and

(b) an undertaking by the licence holder that he shall inform the Commissioner within fourteen days of any subsequent change which would result in the long term contract of insurance no longer satisfying any of the conditions referred to in rule 7.

(3) A licence holder who shall cease to be a licence holder in terms of the Retirement Pensions Act or the Insurance Business

Act, or ceases to carry on long term business in Malta in exercise of a European right, shall notify the Commissioner promptly, and in any case not later than fourteen days from the date when the licence holder ceases to hold a licence in terms of Retirement Pensions Act or the Insurance Business Act, or from when it ceases to exercise such European right.

(4) A licence holder shall at all times keep sufficient records in respect of qualifying employers and qualifying employees to enable the requirements of these rules to be satisfied, including full name, address, and legally valid identification document (or income tax registration) number of each individual, and details of both spouses in the case of a married couple.