S.L. 514.8 Art. 23Breach of applicable provisions of Malta’s requirements of social and labour law and information requirements.

If, despite the measures taken by the European regulatory authority of the home Member State of the European IORP or because those measures prove to be inadequate or are insufficient, the

European IORP persists in breaching the applicable provisions of

Malta’s requirements of social and labour law relevant to the field of occupational pension schemes, or the information requirements referred to in regulation 18, the competent authority may, after informing the European regulatory authority of the home Member State of the European IORP, take appropriate measures to prevent or penalise further irregularities, including, in so far as strictly necessary, preventing the European IORP from operating in Malta for the sponsoring undertaking located in Malta.