S.L. 403.14 ст. 13CNotification to the relevant European regulatory authority.

(1)Without prejudice to any of its powers under these regulations or under any other law, where the competent authority has serious and reasoned concerns with regard to consumer protection being posed by a European insurance undertaking or a European reinsurance undertaking carrying out activities in Malta in exercise of a European right, it may notify the European regulatory authority of such European insurance undertaking or of such European reinsurance undertaking, as the case may be: Provided that the competent authority shall ensure that such notification shall be sufficiently detailed to allow for a proper assessment.

(2) Where no bilateral solution can be found between the competent authority and the relevant European regulatory authority in receipt of the notification made under sub-regulation (1), the competent authority may refer the matter to EIOPA and request its assistance.