S.L. 370.43 Art. 7Supervision by the competent authority.

(1) The branch of the third-country firm shall be subject to the supervision of the competent authority.

(2) The competent authority shall not impose any additional requirements on the organisation and operation of the branch in respect of the matters covered by MiFID and any branch of a third-country firm shall not be treated more favourably than European Union firms.

(3) The competent authority shall notify ESMA on an annual basis of the list of branches of third‐country firms active in Malta.