(1) The Bank may, for statistical purposes, require a management company authorised in another Member State, which has a branch in the State, to report periodically on its activities in the State.
(2) The Bank may require a management company, authorised in another Member State, which carries on business within the State, to provide information necessary to monitor its compliance with these Regulations.
(3) Where the Bank ascertains that a management company that has a branch or provides services within the State, is in breach of the legal or regulatory provisions adopted in the State pursuant to these Regulations the Bank shall require that the management company concerned put an end to its irregular situation.
(4) If the management company concerned fails to take the necessary steps the Bank, acting as the competent authority of the host Member State shall inform the competent authority of the home Member State accordingly.
(5) If the management company persists in breaching the