S.L. 370.24 Art. 28Transfer of data to an overseas regulatory authority.

(1) Where the competent authority is satisfied that a transfer of any data and the analysis of such data is necessary for the purpose of the AIFM Directive, the competent authority may transfer to an overseas regulatory authority such data and analysis on a case-by-case basis, where the conditions laid down in Directive 95/46/EC are met.

(2) The competent authority may, where it deems fit, expressly authorise the said overseas regulatory authority to transfer such data to another overseas regulatory authority. Such authorisation shall be provided in writing.