S.L. 370.47 Art. 11Supervisory measures. 

(1) The competent authority shall require an investment firm to take the necessary measures at an early stage to address relevant problems in circumstances where:

(a) the investment firm does not meet the requirements of the Act, regulations or Investment Services Rules issued thereunder, transposing the requirements of the IFD or of the IFR;

(b) the competent authority has evidence that the investment firm is likely to breach the Act, regulations or Investment Services Rules issued thereunder, or the provisions of the IFR, within the following twelve months.

(2) For the purposes of sub-regulation (1), the powers of the competent authority shall include those contained in Schedule I.

(3) The competent authority has the supervisory powers to intervene in the exercise of its functions into the activity of investment firms in an effective and proportionate way.

(4) For the purposes of sub-regulation (1) and regulations 9 and 10(3) of article 29 of the IFD as transposed in the Investment Services Rules, and of the application of the IFR, the competent authority shall have the powers as designated in Schedule I below.