S.L. 370.21 Art. 6ACooperation with European regulatory authorities.

(1) Where Malta is the European AIFM host Member

State or EEA State, the competent authority may, where it has reasonable grounds for doing so, request the European regulatory authority of the European AIFM home Member State or EEA State to exercise, without delay, powers pursuant to Article 46(2) of the AIFM Directive, other than paragraph (j) thereof, as transposed in national law, specifying the reasons for their request in as specific a manner as possible and informing ESMA and, if there are potential risks to the stability and integrity of the financial system, the ESRB thereof.

(2) Where the European regulatory authority of the Maltese AIFM host Member State or EEA State makes a request to the competent authority in accordance with Article 50(5f) of the AIFM Directive, as transposed in national law, to exercise, without delay, any of its powers in accordance with Article 46(2) of the AIFM Directive, other than paragraph (j) thereof, as transposed in the Act, the competent authority shall, without undue delay, inform such European regulatory authority, ESMA and, if there are potential risks to the stability and integrity of the financial system, the ESRB, of the powers exercised and its findings.