S.L. 487.7 Art. 4Enforcement of certain obligations by the competent authority.

(1) The competent authority shall assume responsibility for ensuring that in carrying out distribution activities in

Malta, the branch of a European intermediary complies with the obligations set out in the Conduct of Business Rules, as applicable, and with measures adopted pursuant thereto by the competent authority.

(2) The competent authority shall have the right to examine the arrangements of the branch of the European intermediary, and to request any changes which are necessary to enable it to enforce the obligations set out in Conduct of Business Rules, as applicable, and measures adopted pursuant thereto by the competent authority with respect to the services or distribution activities provided by the branch of the European intermediary in Malta.