![]() |
Home
| Databases
| WorldLII
| Search
| Feedback
Maltese Laws |
AN ACT to amend financial provisions in various laws.
BE IT ENACTED by the President, by and with the advice and consent of the House of Representatives, in this present Parliament assembled, and by the authority of the same, as follows:-
(Amendment of Financial Provisions) Act, 2008.
"Regulations. 1855A. The Minister responsible for justice in conjunction with the Minister responsible for finance may make regulations prescribing the conditions under which debts an d obligations as designated by the sam e regulations may be exempted from any of the provisions of Title IV and Title XVII of Part II of Book Second subject to such conditions as he may in such regulations establish, and further regulating the charging of interests, the compounding of interests in all respects and the maximum amount of interest that may become payable.".
Short title.
Amendment of the Civil Code. Cap. 16.
Amendment of article 1852 of the Code.
Substitution of article 1855A of the Code.
C 432
Amendment of the Malta Financial Services Authority Act. Cap. 330.
Amendment of article 16 of the principal Act.
(a) for paragraph (b) of sub-article (2) thereof, there shall be substituted the following new paragraph:
"(b) issue a directive in writing requiring a holder of a licence or other authorisation, and, or any official thereof, to
do or to refrain from doing any act, including such prohibitions, restrictions and conditions as may be specified in the directive;
and any such directive may be issued in respect of specific cases or classes of cases; any holder of the licence or other authorisation
and, or the official to whom the notice is addressed shall obey, comply with and give effect to any such directive within the time
and manner stated in the directive."; and
(b) in sub-article (3) thereof, for the words "or any orders or Rules", there shall be substituted the words "or
any directives or Rules".
Amendment of the Trusts and Trustees Act. Cap. 331.
Amendment of article 2 of the principal Act.
shall be deleted; and
(b) immediately after the definition "register" there
C 433
shall be added the following new definition:
Cap. 345.
" "regulated market" shall have the same meaning assigned to it by the Financia l Markets Act;".
(a) in paragraph (a) of sub-article (6) thereof:
(i) in sub-paragraph (iv) thereof, for the words "approved jurisdiction." there shall be substituted the words "approved
jurisdiction; or"; and
(ii) immediately after sub-paragraph (iv) thereof, there shall be inserted the following:
Amendment of article 43 of the principal Act.
Cap. 345.
"(v) a person who is in possession of an authorisation to operate a central securities depository in terms of the Financial
Markets Act."; and
(b) in sub-paragraph (i) of paragraph (a) of sub-article (9) thereof, for the words "securities which are listed on the Malta
Stock Exchange or other recognised investment exchange" there shall be substituted the words "securities which are listed
on a regulated market in Malta".
Amendment of the Financial Markets Act. Cap. 345.
Amendment of article 2 of the principal Act.
Amendment of article 37C of the principal Act.
C 434
Amendment of the Banking Act.
Cap. 371.
Amendment of article 5 of the principal Act.
Amendment of article 13 of the principal Act.
Amendment of article 17 of the principal Act.
Amendment of article 17B of the principal Act.
Amendment of the Insurance Business Act. Cap. 403.
Amendment of article 22 of the principal Act.
Amendment of article 38 of the principal Act.
C 435
be deleted;
(b) the definition "recognized investment exchange" shall be deleted; and
(c) for the definition "regulated market", there shall be substituted the following:
Amendment of the Prevention of Financial Markets Abuse Act.
Cap. 476.
Amendment of article 2 of the principal Act.
Cap. 345.
" "regulated market" means:
(a) in the case of Malta, a regulated market which has been grante d authorisation in terms of the Financial Markets Act and
which appears on the list of regulated markets prepared an d published by the European Commission in terms of Directive 2004/39/EC;
(b) in the case of any other Member State or EEA State, any entity which appears on the list of regulated markets prepared and
published by the European Commission in terms of Directive 2004/
39/EC;".
Amendment of article 4 of the principal Act.
Amendment of article 5 of the principal Act.
C 436
The main object of this Bill is to amend various financial related provisions in various laws.
WorldLII:
Copyright Policy
|
Disclaimers
|
Privacy Policy
|
Feedback
URL: http://www.worldlii.org/mt/legis/laws/vlofpa2008n9533