S.L. 370.20 Art. 13Reporting to the competent authority.

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

(2) The competent authority may require a European management company pursuing business in Malta through the establishment of a branch or under the freedom to provide services, to provide the information necessary for the monitoring of its compliance with the applicable provisions for which it is responsible in terms of the Act, any applicable regulations issued thereunder and the Investment Services Rules.

(3) The requirements prescribed in sub-regulation (2) shall not be more stringent than those which the competent authority would impose on Maltese management companies for the monitoring of their compliance with the same standards.

(4) A European management company which provides collective portfolio management on a cross-border basis to a Maltese UCITS pursuant to the provisions of these regulations shall ensure that the procedures and arrangements implemented by the said European management company pursuant to the applicable provisions of the Investment Services Rules on investor complaints shall be such as to enable the competent authority to obtain, directly from the European management company, the information referred to in this regulation.