S.L. 370.10 Art. 5Reporting to the competent authority.

(1) The competent authority may, for statistical purposes, require a European investment firm which has established a branch in Malta in terms of these regulations, to report periodically on the activities of the branch in Malta.

(2) In discharging its responsibilities under MiFID, the competent authority may require branches of European investment firms to provide the information necessary for the monitoring of their compliance with Investment Services Rules and, or Conduct of Business Rules applicable to them: Provided that these requirements may not be more stringent than those imposed on licence holders, within the meaning of the Act, for the purposes of monitoring their own compliance with the said Investment Services Rules and, or Conduct of Business Rules.