S.L. 370.15 Art. 27Applicability of regulation 6.

The provisions of regulation 6, shall not apply until the date on which the liquidity coverage requirement becomes applicable in accordance with a delegated act adopted by the European Commission pursuant to Article 460 of the CRR in accordance with Article 151 of the CRD: Provided that until the date referred to in this regulation, the provisions of regulation 6 shall be substituted with the following: "The competent authority shall collaborate closely in order to supervise the activities of investment firms and operating, in particular through a branch, in one or more Member States other than Malta. The competent authority shall supply all information concerning the management and ownership of such investment firms to the relevant European Regulatory authorities in the Member states concerned, that is likely to facilitate their supervision and the examination of the conditions for their licensing, and all information likely to facilitate the monitoring of such investment firms, in particular with regard to liquidity, solvency, the limiting of large exposures, administrative and accounting procedures and internal control mechanisms.