S.L. 371.16 Art. 17General disclosures by the competent authority.

(1) The competent authority shall, in accordance with Commission Implementing Regulation (EU) No 650/2014 of 4 June

2014 laying down implementing technical standards with regard to the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with Directive 2013/36/EU of the European Parliament and of the Council, as amended from time to time, publish the following information:

(a) the texts of laws, regulations, administrative rules and general guidance adopted in Malta in the field of prudential regulation;

(b) the manner of exercise of the options and discretions available in European Union law;

(c) the general criteria and methodologies used in the review and evaluation referred to in regulation 3 including the criteria for applying the principle of proportionality as referred to in regulation 3(4);

(d) without prejudice to the provisions set out in Title VII, Chapter 1, Section II of the CRD, aggregate statistical data on key aspects of the implementation of the prudential framework in Malta, including the number and nature of supervisory measures taken in accordance with article 17E(1)(a) of the Act, and of administrative penalties imposed in accordance with regulation 4(1), (2) and (3) and regulation 5 of the Administrative Penalties, Measures and Investigatory

Powers Regulations.

(2) In terms of Article 143 of the CRD, the information published in accordance with sub-regulation (1) shall be sufficient to enable a meaningful comparison of the approaches adopted by the European regulatory authorities. The disclosures shall be published following a common format and updated regularly. The disclosures shall be accessible at a single electronic location.