S.L. 370.26 Art. 5Investment Services Rules.

For the better carrying out of the provisions of the EU

Regulation and of these regulations, the competent authority may, from time to time, issue and publish Investment Services Rules which shall be binding on all Maltese managers of qualifying venture capital funds. Such rules may lay down additional requirements and conditions in relation to such managers and any other matters as the competent authority may deem appropriate including:

(a) the operation of the EU Regulation or of these regulations;

(b) any matter relating to the functions, obligations and powers of the competent authority under the EU Regulation; and

(c) any other matter arising in connection with the EU Regulation or these regulations.