S.L. 330.20 Art. 7Supervisory powers of the Authority.

Without prejudice to any other power assigned to the

Authority under the Act, these regulations, the DORA Regulation and any other applicable law, the Authority shall also have the power to:

(a) access any document or data held in any form that the Authority considers relevant for the performance of its duties and receive or take a copy of it;

(b) carry out on-site inspections or investigations, which shall include:

(i) summoning representatives of the financial entities for oral or written explanations on facts or documents relating to the subject matter and purpose of the investigation and to record the answers; and

(ii) interviewing any other natural or legal person who consents to be interviewed for the purpose of collecting information relating to the subject matter of an investigation; and

(c) require corrective and remedial measures for breaches of the requirements of the DORA Regulation, the Act, these regulations or any other regulations or rules issued thereunder which implement the DORA Regulation:

Provided that any decision so taken under this paragraph shall be properly reasoned:

Provided further that where such corrective and remedial measures are taken with respect to a legal person, the Authority shall have the power to apply the said corrective and remedial measures, subject to any conditions that may be provided for in any other law, to members of the management body, and to other individuals who under national law are responsible for the breach.