1.The Member States shall designate the authorities which are to carry out the duties provided for in this Directive. They shall inform the Commission thereof, indicating any division of duties.
2.The authorities referred to in paragraph 1 must be public authorities or bodies appointed by public authorities.
3.The authorities of the State in which a UCITS is situated shall be competent to supervise that UCITS. However, the authorities of the State in which a UCITS markets its units in accordance with Article 44 shall be competent to supervise compliance with Section VIII.
4.The authorities concerned must be granted all the powers necessary to carry out their task.