Regulations, 2003

L.N. 226 of 2003

EXCHANGE CONTROL ACT

(CAP. 233)

Investment Registration Scheme (Amendment)

Regulations, 2003

IN EXERCISE of the powers conferred by article 39(3) of the

Exchange Control Act, the Minister of Finance has made the following

(1) The title of these regulations is the Investment Citation and

commencement.

Registration Scheme (Amendment) Regulations, 2003 and they shall

be read and construed as one with the Investment Registration Scheme

Regulations, 2003, hereinafter referred to as “the principal regulations”. L.N. 209 of 2003.

(2) These regulations shall be deemed to have come into

force on the 1 st September, 2003.

For regulation 2 (3) of the principal regulations there shall be Amends regulation

2 of the principal

substituted the following>-

regulations.

“(3)

For the purposes of these regulations, the

following shall be treated as if they were eligible assets held

outside Malta>

(a) foreign currency deposits held with credit

institutions licensed under the Banking Act<

L.N. 55 of 2001.

(b) investments in a non-prescribed fund of a

Malta-based Scheme as defined in regulation 5(2) of the

Collective Investment Schemes (Investment Income) Cap. 403.

Regulations, 2001< and

(c) investments in any long-term policy of

assurance, whether index-linked or not, as specified in

Classes I to VI listed in the Second Schedule to the

Insurance Business Act, expressed in foreign currency Cap. 371.

and issued by an insurer lawfully carrying on in Malta

long-term business of insurance.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press