S.L. 370.10 Art. 6Enforcement of certain obligations by the competent authority.

(1)The competent authority shall assume responsibility for ensuring that in providing investment or ancillary services in

Malta, the branch of a European investment firm complies with the obligations laid down in Articles 24, 25, 27 and 28 of MiFID as transposed in the Conduct of Business Rules issued by the competent authority and Articles 14 to 26 of Regulations (EU) No 600/2014 and the measures adopted pursuant thereto by the competent authority where allowed in accordance with Article 24(12) of MiFID:

Provided that the competent authority shall not impose any additional requirements save those allowed under sub-regulation

(1) on the organisation and operation of the branch of the European investment firm in respect of the matters covered by these regulations.

(2) The competent authority shall have the right to examine branch arrangements of the European investment firm and to request such changes as are strictly needed to enable it to enforce the obligations laid down in Articles 24, 25, 27 and 28 of MiFID as transposed in the Conduct of Business Rules issued by the competent authority and Article 14 to 26 of Regulations (EU) No 600/2014 and the measures adopted pursuant thereto by the competent authority with respect to the services provided by the branch in Malta.

(3) Without prejudice to the possibility of the European Regulatory Authority of the European investment firm establishing a branch in Malta in exercise of a European right to have direct access to records it is required to hold in terms of Article 6 and 7 of MIFID, the competent authority shall enforce the obligations laid down in the said Articles of MiFID with regard to transaction taken by such branch.