S.L. 514.8 Art. 42Ongoing supervision.

Where the transfer results in a cross-border activity, the

Maltese IORP shall be subject to on-going supervision by the European regulatory authority of the European IORP, 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 of the host Member State's information requirements as referred to in regulation 40(1). Where the European regulatory authority of the European IORP identifies irregularities and informs the competent authority of such irregularities, the competent authority shall, in coordination with the European regulatory authority, take the necessary measures to ensure that the Maltese IORP puts a stop to the detected breach.