S.L. 370.18 Art. 7Supervision of Maltese UCITS marketing units in a Member State or EEA State other than Malta.

(1) The competent authority alone shall have the power to take action against a Maltese UCITS if it infringes the provisions of the Act, any regulations issued thereunder or any applicable

Investment Services Rules, as well as any regulation laid down in the constitutional documents or prospectus.

(2) Where the units of a Maltese UCITS are being marketed in a Member State or EEA State other than Malta, the competent authority shall, without delay, notify the European regulatory authority of that Member State or EEA State of any decision to withdraw the authorisation of the Maltese UCITS, or any other serious measure taken against a Maltese UCITS, or any suspension of the issue, repurchase or redemption of the units of a Maltese UCITS imposed upon it.

(3) Where the units of the Maltese UCITS are marketed by a European management company, the competent authority shall also proceed to notify any measure taken in accordance with sub-regulation (2) to the European regulatory authority of the Member State or EEA State where the European management company is registered. MARKETING OF EUROPEAN UCITS IN MALTA