MT
Infringements) (Amendment) Regulations, 2008
Statutory Text (4 Articles)
L.N. 77 of 2008
CENTRAL BANK OF MALTA ACT
(CAP. 204)
Central Bank of Malta (Penalties for Offences and
Infringements) (Amendment) Regulations, 2008
IN exercise of the powers conferred by article 56 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 Citation.
(Penalties for Offences and Infringements) (Amendment) Regulations,
2008 and they shall be read and construed as one with the Central Bank
of Malta (Penalties for Offences and Infringements) Regulations, 2003 L.N. 75 of 2003.
hereinafter referred to as “the principal regulations”.
Regulation 4 of the principal regulations shall be deleted.
Deletes regulation 4
of the principal
regulations.
For the Schedule to the principal regulations, there shall be Amends Schedule
to the principal
substituted the following>-
regulations.
“SCHEDULE
(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
56(2)(a) with reference to Contravening or failing to comply From €1,164.69 up to
34(5)
with a requirement contained in maximum of €23,293.73
any directive issued by the Bank
56(2)(b) with reference to Failure by any person to withdraw From €698.81 up to
from circulation currency notes maximum of €23,293.73
and coins believed to be
counterfeit and, or deliver to the
Bank any counterfeit currency
notes and coins withdrawn from
circulation
56(2)(c) with reference to A body corporate deriving benefit From €11,646.87 up to a
45 to 49
from commission of offences maximum of €23,293.73
under articles 45 to 49 by a person
having a senior position within the
body corporate
56(2)(c) with reference to A body corporate deriving benefit From €6,988.12 up to
45 to 49
from the actions of a person, maximum of €23,293.73
having a senior position within the
body corporate, aiding or acting as
accessory in the commission of
offences under articles 45 to 49
56(2)(d) with reference to Failure by a body corporate to From €6,988.12 up to
45 to 49
exercise supervision or control maximum of €23,293.73”.
over a person, having a senior
position
within
the
body
corporate, who commits, or aids
or acts as accessory in the
commission of offences under
(doi.gov.mt)
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