S.L. 514.9 Art. 5Transparency and accountability. Cap. 514.

(1) The competent authority shall carry on its duties in a transparent, independent and accountable manner taking into account the protection of any confidential information.

(2) The competent authority shall publish the following information:

(a) the texts of laws, regulations, administrative rules and general guidance adopted in Malta in the field of occupational pension schemes and information about whether Malta has undertaken to exercise the options in terms of Articles 4 and 5 of the Occupational Pensions Directive;

(b) information regarding the supervisory review process of an occupational retirement scheme, as set out in Article 41A of the Occupational Pensions Directive;

(c) without prejudice to the obligations of confidentiality and the duty of professional secrecy in terms of the Retirement Pensions Act, aggregate statistical data on key aspects of the application of the prudential framework in Malta;

(d) the objectives of its prudential supervision and information on its main functions and activities;

(e) any rules issued by the competent authority and any laws and regulations on administrative penalties and other measures applicable to breaches of the Act, regulations and Pension Rules made thereunder adopted pursuant to the Occupational Pensions Directive.