S.L. 370.31 Art. 5Powers of the competent authority.

(1) The competent authority shall exercise all the functions, obligations and powers and shall satisfy all the requirements imposed on competent authorities by the ELTIF Regulation.

(2) The competent authority shall also exercise, with respect to the ELTIF Regulation, the powers conferred on it in accordance with the AIFM Directive, as transposed in Maltese law, including the power to impose an administrative penalty and any other measure in terms of article 16A of the Act.