ln_1991_88

MT

88 tal-1991

3 Articles / Provisions · Malta

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Statutory Text (3 Articles)

Malta Government Gazette — Legal Notice 1991 88 — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only)

Preamble — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only) Open official source

Supplimenllu/·Gululla IU/·GVUIl WO Mullu, Nru . 15.443. /4 la· GUII;u. 1991

L.N. 811 Qf 1991

MA.LTA IJIro'TERNATIONA I. n US INESS ACnVITI ES ACT. 19Ji8

(ACT NO. XXX IV OF 19(8)

I\Ialta International nusiness Acti,·ities

(E:dtnsion oftM Mtaning ofCwtaln ExprKSioRs) Rf"gubtioos. 1991

IN ellcrcise o f the pov.·ers conkrred by section 52 of tile Mal ta

in ternationul Business AC1ivi,ie! AC1 . 1988. the Minister for I)e ~elop

men l of Teniary Scelor. on the ad~icc: o f the Multa Inte rnat ional

Business Au,hori ' y, has made 'he lollol'o·ing regulations:-

Thesc regulations may be cited as tile Malta International

Malta Government Gazette — Legal Notice 1991 88 — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only)

Reg. 1 c~~,.'" _ — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only) Open official source

Business Ac'i~iti es ( E~tc n sion of 'he Meaning of Certain E"pr~ions)

Regulations. 1991.

Malta Government Gazette — Legal Notice 1991 88 — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only)

Reg. 2 ""CIf""'".''' — 88 tal-1991 – Malta International Business Activities (Extension of the Meaning of Certain Expressions) Regulations 1991(English Version only) Open official source

(I) In lhese regula' io ns. unles.~ the conle"l Olherwise

requires, words and ellpressions used have the same meani ng as is

assigned 10 them in Ihe M aiM Inlemation al Business Acti,·itics Act. "",XXXIV

1988. hereinaft er refe rred to as "' t he Ac... .

(2) ' "TruSt company'· mca ns a company whose business

includes fiduciary. tru st o r similar business.

A trading offshore compa ny which is a subsidiary of a bank or E" <, ....... ,-4, ...

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of a ba nking institut ion or of an insurance company or or an in,uran ce Off,"',,<

broking company or o f a trust company or of a holding company of c,,,,,!,,, ny.

wh ich a bank. in st itution or company as aforeilllid is also a subsidiary. is

he re by prescribed as an addi tional da$S oftrading offshore company for

the purposesof.subscction (8) of sect ion 22 of thc Act.

... Pursuant 10 t hc first pro,·iso of the in te'llrelation of '·offshore 1c.>.1<,""" .,/

activi ly" in subseclion (1) of section 2 of the Act. it is hereby prescribed """""1'"

that an offshore oversea company o r a trading offshore compan y which

is a subsidiary of a bank o r of a ban king institution or of an insurancc

company o r of an insurance broking company or of a trust compan y or of

a holding company of which a bank . inSlitution or com pan)· as aforesaid

is al so a subsidia ry and is a company acceptable w t he Aut hority for the

purposes of th is regula tion, shaH be a company that may carry on the

busines.~ of ma naging or servicing anot her o ffshoTC company.

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