S.L. 345.29 Art. 3Competent authority.

(1) The competent authority shall be the designated competent authority in Malta for the purposes of implementing the relevant provisions of the Green Bonds Regulation and to supervise issuers and originators in accordance with Article 44 of the Green Bonds Regulation. Any reference in these regulations to the competent authority shall be read and construed accordingly.

(2) Without prejudice to any other function conferred to it by the Act or any other law, the competent authority shall have all the supervisory and investigatory powers that are necessary to fulfil its functions and duties prescribed by these regulations and, or the Green Bonds Regulation, and in particular, it shall supervise the following:

(a) issuers of European Green Bonds as regards compliance with their obligations under Articles 10 to 15a and Articles 18 and 19 of the Green Bond Regulations;

(b) issuers that use the common templates provided for in Article 21 of the Green Bonds Regulation as regards compliance with those templates; and

(c) the compliance of originators with their obligations under Articles 10 to 15a and Articles 18 and 19 of the Green Bonds Regulation.

(3) The competent authority shall not supervise issuers of European Green Bonds that are covered by Article 1(2), paragraphs (b) and (d), of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC.