S.L. 514.8 Art. 22On-going supervision.

The European IORP carrying out cross-border activity in

Malta shall be subject to on-going supervision by the competent authority as to the compliance of its activities with Malta’s requirements of social and labour law relevant to the field of occupational pension schemes and with the information requirements referred to in regulation 18. Where the competent authority identifies irregularities by a European IORP, the competent authority shall immediately inform the European regulatory authority of the home Member State of the European IORP of such irregularities. In terms of Article 11(10) of the Occupational Pensions Directive, the European regulatory authority of the home Member State of the European IORP shall, in coordination with the competent authority, take the necessary measures to ensure that the European IORP puts a stop to the detected breach.