ACT No. IX of 2019 AN ACT to amend the Financial Markets Act, Cap. 345.

I assent.

(L.S.)

MARIE-LOUISE

COLEIRO PRECA

President

29th March, 2019

ACT No. IX of 2019

AN ACT to amend the Financial Markets Act, Cap. 345.

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:-

The short title of this Act is the Financial Markets

(Amendment) Act, 2019, and this Act shall be read and construed as

one with the Financial Markets Act, hereinafter referred to as "the

principal Act".

Article 14 of the principal Act shall be substituted by the Substitution of

article 14 of the

following

principal Act.

* (1) The Listing Authority may

" Delegation of

functions and

delegate any of its functions and powers under

powers of the

this Part to the Executive Committee appointed in

Listing Authority.

terms of article 9 of the Malta Financial Services

Authority Act, acting as, and hereinafter referred

to as the "Listing Committee"

Provided that any delegation made in

terms of this sub-article shall be made public on

the competent authority’s website.

(2) The Listing Committee shall make

recommendations to, and otherwise assist, the

Listing Authority in the admissibility to listing

of financial instruments and shall perform any

other specific functions as the Listing Authority

may from time to time delegate in writing. The

Listing Committee shall have such powers and

observe such procedures as the Listing

Authority may establish, and shall periodically

report on its activities to the Listing Authority.

(3) The Listing Committee may appoint

additional sub-committees for the purpose of

assisting it in the performance of such specific

functions as the Listing Committee may

delegate in writing.

(4) The

Function

responsible

for

Securities and Markets Supervision of the

competent authority shall also assist and give

advice to the Listing Committee on listing

matters.".

3. The transitional arrangements - originally introduced by Substitution of

Act XIX. 2010.59 - and reported at the end of the Financial Markets transitional

arrangements at

Act shall be substituted by the following

the end of

"59. (1) The role granted to the Executive Committee by

virtue of article 14 of the Financial Markets Act as amended by

this Act shall be a continuation of the Listing Committee

established in terms of the Financial Markets Act, as in force

prior to the coming into force of this article.

(2) Any rules issued in terms of Part II of this Act shall

apply to instruments already listed on any recognised list, as

established in terms of the Listing Rules.".

Passed by the House of Representatives at Sitting No. 210 of the

25th March, 2019.

ANĠLU FARRUGIA

Speaker

RAYMOND SCICLUNA

Clerk of the House of Representatives

€0.36