S.L. 370.18 Art. 6Breaches by Maltese UCITS.

The competent authority shall take appropriate measures if it receives notification from the European regulatory authority of the Member State or EEA State in which the Maltese UCITS is marketing its units, that such European regulatory authority has clear and demonstrable grounds to believe that a Maltese UCITS, the units of which are being marketed within its territory, is in breach of the obligations arising from the provisions of the UCITS Directive, and which provisions do not however confer supervisory and regulatory powers on such European regulatory authority.