ACT No. XXXVIII of 1986 AN ACT fU'fh~r fO am~nd fh~ C~nlral Rank of Malfa Acr. 1967.

I assp nt.

AGATHA BARBARA

(L.s.)

Prrsident

315t OctOOcr, 19H6

ACT No. XXXVIII of 1986

AN ACT fU'fh~r fO am~nd fh~ C~nlral Rank of Malfa Acr. 1967.

BE IT ENAcrED by the President. by alld with lbe advice and

conseot of the House of Rep~nl:l.t;V~. ;n this present .... rliament

ImeTllbled. I nd by the authority of the same, as follows:-

Act may be cited as the Centl'lll Blnk of Malu

I,

Th il;

Act. 1986. and shall be read and eonstnICd as 0I\t

(Amendment)

with the Ceolnl! Bank of Malta M . 1%7. hereinafte-r ,etc"ed to u

"the principaJ Act" ,

D~n i·AI! jiSla' jissejjah I.AII ta' 1. 1986 1i }emenda I-All dwar

il·ijanl.: Cenl l"dli 18' Malta, u ghandn jinqaro II jiftiehem hata wabda ma'

I,AII la' 1·1967 dwar i]·Bank Centrali la' Mal18 , hawnhekk itjed 'i l qud-

diem imscjjah "I-All printipali".

L-artikolu 15 ta' I·AII prin~ipnl i gllandu jiti emcndat kif gej: Em ... "" \11'

2,

(a) fi l-paragra fu (I) laHuba rl i kolu 11) liegilu, minflok il-kHem \11' t,A"

"a:rtifih li la' deponti negozjabbli" ahandhom jidhlu I·kliem ",intl""U,

"Certifilali la' depoiili nego~jabbl i. biljeui jlo(1/jllg ' 111r u dokumenti

oll ra bIIal dawn"; u

(b) fil'paragrafu (mm) lBHubimikolu (I) liegilu, min flok

il·ldiem ~ishma la' commodities ikkwolali" gha ndhom jidll Ju I·kliem

"ishma ta' I-e_el klaui denominati fi flus esteri konvertibbl i u

kwolali f'xi Slock ElIehange slabbi! it".

3,

L-artikolu 19 la' I-At! printipllli ghandu jig; emenlial kif Aej

(al fiHubarlikolu III liegbu, 111 in flok il·kJiem "jew fishma lII ' \11' I-AlI

commooilies illwotali" ghandhom jidhlu I-kliem "u ishma w' printipo1i.

!-cwwd klassi denominali fi flus esteri konvertibbli u 1c:wotali ('xi

Stock ElIchange stabbiIW'

(b) is-subartikolu (3) tieghu gh andu jig; emendat kif ~j

(i) fil-pII rti la m ticgbu, mi nf(ok il-kHem "dcpotiti negoz-

jabbJi" gbandhom jidll lu I·kliem "depoii ti negotjabb!i, biljetti

I loafing ,me u dokumen ti ohra bbl dawn"; u

riJ·part;t a (I) ticghu, mioflok jI·klicm "jew ishma ta'

@

c()m madili~)'

ikkwotati" ghandhom jidhlu l-kliem "u iSllma ta'

!.ewwc! k]us.;i denominmi fi flus estcri konvertibbli u kWOl;I.ti

r~i Stock Exchange 5Iabbilil"; u

( ~)

It) fiHubanikolu

t!egbu, minna!.: il-kdma " hmiSlall"

gllandha lidllol il.kelma ·'g" o)[1'3" .

Soct ion IS of cbe principa l Act shaU be amended as follows

in paragraph (1) of 5Ub$eclion (I) thereof. for the words

lP~

" negotiable certiflCatc;s of dcoposit" there shall be substiturcd the prio.o:ipot M .

words "~iable certirlCates of depotit. ftooting rate !KItes and

si milar instruments"; and

(b) io paragrapb (mm) of subsection (I) thereof. for the

words "q uoted commodity sh ares" there shall be substituted the

words "shares of first class sta nding dC'Dominated in OOIlvenible

foreign currency and quoted on any established Stock Exchange".

l , Section 19 do the principal Act shall be IlII1CDded 811 foUows

in 5ubse-choa (I) thereof, for the wonls "or quoted

(a)

commodity shares" there shall be substituted the words "and shares

or first class standing denominated in convenible foreign currencies

and qUOled on any established Stock E~ change"

subse-ction (3) thert"Of shaH Ix- amended 1.'1 follows

(b)

(i) in item (i) thert"Of, for the word "deposiu" then

shall be 5ubslituted the words "deposit!, floating rate notes

and similar instruments" , and

(i j) in

item (l) thereof. for the words "or quoted

commod ity shares" there shall be substituted the words " and

shares o f finl cia5/; standing denomina ted in convet1i ble foreig n

curreocies and quoted on any established Stock Exchan~ ";

,,'

in subiecti<ln (5) thereof. for the word "fifteen" theft)

(c)

shall be SIJ~ti tuled the word "len~.

For paragrn ph (a) of subsoclion (4) of $eCtion 2J of ItIe

principal Act there !hall be sub$liluted the following paragraph

"(a) with effect from the financial year 19&5, as 10 such

portion th ereQf. being nQ1less Iha n five per ccnlum, as the Minister

may direct. 10 the Posterity Fund: a nd",

Section 28A of the principll1 Act shan be amended aI follows

(a) in sub\eQcion (4) thereof. for the word " Malt a" !here

shaH be substitoted the words " Ma!!a. bearing in mind the nll;ooal

intertst,"; and

(h) l.rnm«liately at the end of subseclion (9) thercot, tMre

shall be added the following provi50

"Provided tha l witb effcct from the fi nancial ~ar I1I8S. in

lhe event Iha t the belances held under item (iii) or (iv) or thi1;

sub5ection shall reach Lml.O million, [I() further aHocatiOll5 themo

shall be made but such excess amou nts .haU be utilised tor the

pu rposes specified in item H> of ~is subsection,".

PaMed by the Hoo~ of Represc:n lative5 at Sitting No. 393 of the 28t h October. 1986.

P. M USCAT T~lRlruLE

Ac/inK Clerk 10 '''(l IIOU$~ of Repre$t!IIlafi>'eJ

--

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..,.., :re -",." 10

(a) fiHubllrtikolu (4) tlegltu, mio nok jl·tlicm " rMalta" glland.

honl jidhlu ].kli(m "f Ma ha. s.akem m widled iqis [·interess nat·

zjonali,": u

(b) minnufi ll fit·tmiem tas-subanikolu (9) tieghu, ghandu jid-

1101 dan il-provi50 1i tej

" ' ida b'scllll mis-scna finanzjarja 1985. fiI-kat I; I-bilan~i

mi1:mumi n 11111 il-panitll jiji) jew (iy) la' dan is-subartikolu jilllqu

l_Lml.O miljun, ma gllandhomx isiru aktar allokaz7.jonijiel itdll.

daw k l-ammon ti li jkUDU tejda gllandllom jigu uti1i~Uli gllal!-

finijiet imsemm ijin fil-partila (i) la' d:!.n is-subanikol u.".

Mgllodd i mil1-Kamra lad-Depul3li fi!-Sedu ta Nru . 393 ta t·28 la' O uubru. 19116_

PAUL XUllIlO

Sf/fi1ktr

P . M USCAT T EU IIIILIl

A gent Skrj "QlJ to/-Komra lat/-D el"""li