S.L. 371.22 Art. 18Prudential supervision of an institution.  S.L. 371.11

(1) The prudential supervision of a credit institution, including that of the activities it carries out in accordance with the

European Passport Rights for Credit Institutions Regulations shall be the responsibility of the competent authority when such a credit institution is licensed in Malta, without prejudice to those provisions of the CRD which give responsibility to the European regulatory authorities of the host Member State.

(2) The provisions of sub-regulation (1) shall not prevent supervision on a consolidated basis in terms of regulation 3.

(3) Where the branch of a credit institution authorised in a Member State other than Malta, is established in Malta, any measures taken by the competent authority with respect to such branch shall not allow discriminatory or restrictive treatment on the basis that the credit institution to which the branch belongs is authorised in another Member State.