Updated 21/12/2024
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Version from: 09/01/2024
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Article 39 - Powers of competent authorities

Article 39

Powers of competent authorities

Without prejudice to powers vested in competent authorities in accordance with Directive 2009/65/EC or 2011/61/EU, as applicable, competent authorities shall, in accordance with national law, have all supervisory and investigatory powers that are necessary for the exercise of their functions with respect to this Regulation. They shall, in particular, have the power to do all of the following:

(a) 

request access to any document in any form, and to receive or take a copy thereof;

(b) 

require an MMF or the manager of an MMF to provide information without delay;

(c) 

require information from any person related to the activities of an MMF or the manager of an MMF;

(d) 

carry out on-site inspections with or without prior announcement;

(e) 

take appropriate measures to ensure that an MMF or the manager of an MMF continues to comply with this Regulation;

(f) 

issue an order to ensure that an MMF or the manager of an MMF complies with this Regulation and desists from a repetition of any conduct that could infringe this Regulation.