S.L. 514.8 Art. 14Technical provisions.

(1) In the event of cross-border activity as referred to in regulation 3, the Maltese IORP is required to have its technical provisions at all times fully funded.

(2) If these conditions are not met, the competent authority shall promptly intervene and require the Maltese IORP to immediately draw up appropriate measures and implement them, without delay, in a manner that members and beneficiaries are adequately protected.