S.L. 330.18 Art. 5Applicabilityofthe PRIIPs Regulation to the Authority.

(1) The Authority shall exercise and fulfil all the functions, obligations and powers which are required or may be imposed on competent authorities in accordance with the PRIIPs Regulation and it shall satisfy all the applicable obligations and requirements imposed on competent authorities by the PRIIPs Regulation.

(2) Without prejudice to sub-regulation (1), the Authority may, for the better implementation of the PRIIPs Regulation, exercise any of the powers assigned to it under the Act.