Infringements) (Amendment) Regulations, 2004

L.N. 330 of 2004

CENTRAL BANK OF MALTA ACT

(CAP. 204)

Central Bank of Malta (Penalties for Offences and

Infringements) (Amendment) Regulations, 2004

IN exercise of the powers conferred by article 52A of the Central

Bank of Malta Act, the Prime Minister and Minister of Finance has

made the following regulations>–

The title of these regulations is the Central Bank of Malta

(Penalties for Offences and Infringements) (Amendment) Regulations,

2004 and they shall be read and construed as one with the Central Bank

of Malta (Penalties for Offences and Infringements) Regulations, 2003,

hereinafter referred to as “the principal regulations”.

(Regulation 3)

Administrative penalties which may be imposed by the Central Bank of

Malta without recourse to a court hearing

First Column

Second Column

Third Column

Provision

Act or Omission

Penalty

52A(2)(a)

with Failure to provide the

LM200 per day up to

reference

to Bank with the required

a

maximum

of

24A(1)(2)

information, or to provide

Lm10,000 for not

information

by

the

providing information

established deadline, or to

or not providing it by

provide

correct

or

the

established

complete information

deadline;

From Lm300 up to a

maximum

of

Lm10,000

for

providing incorrect or

incomplete

information

52A(2)(a)

with Failure to comply with From Lm500 up to a

reference

to statistical

reporting maximum

of

24B(1)

requirements contained in Lm10,000

any directive issued by the

Bank

52A(2)(a)

with Obstructing the Bank from

From Lm2,000 up to a

reference

to exercising the right to

maximum

of

24B(2)

verify the accuracy and

Lm10,000 for every

quality of the information

obstruction

52A(2)(a)

with Obstructing the Bank from

From Lm2,000 up to a

reference

to carrying

out

the

maximum

of

24B(2)

compulsory collection of

Lm10,000 for every

information

obstruction

52A(2)(b) with Contravening or failing to From Lm500 up to a

reference to 36(5) comply with a requirement maximum

of

contained in any directive Lm10,000

issued by the Bank

First Column

Second Column

Third Column

Provision

Act or Omission

Penalty

52A(2)(c) with Failure by a credit From Lm500 up to a

reference to 37(1) institution to comply with maximum

of

a reporting requirement Lm10,000

contained in any directive

issued by the Bank

52A(2)(d)

with Failure by any person to From Lm300 up to a

reference

to withdraw from circulation maximum

of

49A(1)

currency notes and coins Lm10,000

believed to be counterfeit

and, or deliver to the Bank

any counterfeit currency

notes and coins withdrawn

from circulation

52A(2)(e) with A body corporate deriving From Lm5,000 up to a

reference to 45 to benefit from commission maximum

of

of offences under articles Lm10,000

45 to 49 by a person

having a senior position

within the body corporate

52A(2)(e) with A body corporate deriving From Lm3,000 up to a

reference to 45 to benefit from the actions of maximum

of

a person, having a senior Lm10,000

position within the body

corporate, aiding or acting

as accessory in the

commission of offences

under articles 45 to 49

52A(2)(f)

with Failure

by

a

body From Lm3,000 up to a

reference to 45 to corporate

to

exercise maximum

of

supervision or control over Lm10,000

a person, having a senior

position within the body

corporate, who commits,

or aids or acts as accessory

in the commission of

offences under articles 45

to 49

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

In regulation 4 of the principal regulations, for the words

Amends regulation

“article 52A(3)(a)(i)”, there shall be substituted the words “article

52A(3)”.

For the Schedule to the principal regulations, there shall be

substituted the following>–

B