Cap. 370 Art. 16BObligation to state grounds for decisions.

Any decision taken under this Act by the competent authority in terms of any provisions which transpose the AIFM

Directive, the BRRD, the CRD, the MiFID, the UCITS Directive, and the IFD, including any regulations, regulations, Investment

Services Rules or Conduct of Business Rules issued thereunder, made thereunder for the said transposition, shall state the grounds on which such a decision has been based.

CO-OPERATION WITH REGULATORY AUTHORITIES AND

OTHER BODIES