S.L. 370.50 Art. 5Power to issue Rules.

For the better carrying out of the provisions of the Cross-

Border Distribution of Funds Regulation and of these regulations, the competent authority may, from time to time, issue and publish Investment Services Rules and, or Conduct of Business Rules within the meaning of article 6(2)(b) of the Act. Such rules may lay down additional requirements and conditions in relation to AIFMs, EuVECA managers, EuSEF managers and UCITS management companies as the competent authority may deem appropriate, including on:

(a) the operation of the Cross-Border Distribution of Funds Regulation or of these regulations;

(b) any matter relating to the functions, obligations and powers of the competent authority under the Cross-Border Distribution of Funds Regulation; or

(c) any other matter arising in connection with the Cross-Border Distribution of Funds Regulation or these regulations.