S.L. 514.8 Art. 43Breach of social and labour laws and information requirements.

If, despite the measures taken by the competent authority, the Maltese IORP persists in breaching the applicable provisions of the host Member State’s requirements of social and labour law relevant to the field of occupational pension schemes or the host Member State’s information requirements as referred to in regulation 40(1), the European regulatory authority of the home Member State of the European IORP may, after informing the competent authority, take appropriate measures to prevent or penalise further irregularities, including, insofar as is strictly necessary, preventing the Maltese IORP from operating in the host Member State for the sponsoring AND CROSS-BORDER TRANSFERS)

undertaking.