Off-Exchange Trading (Amendment) Regulations, 2005

L.N. 56 of 2005

FINANCIAL MARKETS ACT

(CAP. 345)

Off-Exchange Trading (Amendment) Regulations, 2005

IN exercise of the powers conferred by articles 3 and 45 of the

Financial Markets Act, the Prime Minister and Minister of Finance,

acting on the advice of the Malta Financial Services Authority, has made

the following regulations>–

These regulations may be cited as the Off-Exchange Trading

(Amendment) Regulations, 2005 and they shall be read and construed

as one with the Off-Exchange Trading Regulations, 2004, hereinafter

referred to as “the principal regulations”.

Regulation 3 (1) of the principal regulations shall be amended

as follows>

(a) paragraphs (b) and (c) thereof shall be renumbered as

paragraphs (c) and (d) respectively< and

(b) immediately after paragraph (a) thereof, there shall be

added the following new paragraph>

“(b) the authorized intermediary shall have, prior to

the execution of any off-exchange trade, pre-validated such

trade by confirming that the securities to be traded are held

by the seller<”.

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