Disclosure of Conflicts of Interest)

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 18,318, 7 ta’ Ottubru, 2008

L.N. 252 of 2008

PREVENTION OF FINANCIAL MARKETS ABUSE ACT

(CAP. 476)

Prevention of Financial Markets Abuse

(Fair Presentation of Investment Recommendations and

Disclosure of Conflicts of Interest)

(Amendment) Regulations, 2008

IN exercise of the powers conferred by article 25 of the

Prevention of Financial Markets Abuse Act, the Minister for Finance,

the Economy and Investment after consultation with the Malta

Financial Services Authority, has made the following regulations

The title of these regulations is the Prevention of Financial Citation.

Markets Abuse (Fair Presentation of Investment Recommendations

and Disclosure of Conflicts of Interest) (Amendment) Regulations,

2008 and they shall be read and construed as one with the Prevention

of Financial Markets Abuse (Fair Presentation of Investment

Recommendations and Disclosure of Conflicts of Interest)

Regulations, 2005 hereinafter referred to as “the principal L.N.106 of 2005.

regulations”.

In regulation 2 of the principal regulations, in the definition Amends regulation

“relevant person”, the words “in the exercise of his profession or 2 regulations.

the conduct of his business” shall be deleted.

Regulation 4 of the principal regulations shall be amended Amends regulation

4 of the principal

as follows

regulations.

(a) in sub-regulation (1) thereof, for the words “Any

person” there shall be substituted the words “ A relevant person”;

(b) in sub-regulation (2) thereof for the words “be

disclosed.” there shall be substituted the words “be disclosed:”

and immediately thereafter there shall be added the following

proviso

“Provided that where the relevant person is not subject

to any form of regulation or licence, such fact shall be

disclosed.”.

B

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