S.L. 514.8 Art. 11On-going supervision.

The Maltese IORP carrying out cross-border activity, shall be subject to on-going supervision by the European regulatory authority of the host Member State as to the compliance of its activities with the host Member State’s requirements of social and labour law relevant to the field of occupational pension schemes and with the host Member State’s information requirements, referred to in regulation 7. Where such European regulatory authority identifies irregularities and immediately informs the competent authority of such irregularities, the competent authority shall, in coordination with such European regulatory authority, take the necessary measures to ensure that the Maltese IORP puts a stop to the detected breach.