Cap. 370 Art. 17GCompetent authority to inform the Commission and ESMA of general difficulties.

The competent authority shall inform the Commission of the European Union and ESMA of any general difficulties which:

(a) an investment services licence holder encounters in establishing itself or providing investment services and, or performing investment activities in any overseas country or territory; and

(b) UCITS encounter in marketing their units in any overseas country or territory.

DUTY OF AUDITORS