Highly Qualified Persons (Amendment No. 2) Rules, 2011

L.N. 428 of 2011

INCOME TAX ACT

(CAP. 123)

Highly Qualified Persons (Amendment No. 2) Rules, 2011

IN exercise of the powers conferred by articles 56(21) and 96 of

the Income Tax Act, the Minister of Finance, the Economy and

Investment has made the following rules

(1) The title of these rules is the Highly Qualified Citation and

Persons (Amendment No. 2) Rules, 2011, and these rules shall be coming

force.

read and construed as one with the Highly Qualified Persons Rules, S.L. 123.126

hereinafter referred to as "the principal rules".

(2) These rules shall be deemed to have come into force on the

1st January, 2010.

In sub-rule (1) of rule 2 of the principal rules, for the Amends rule 2

definition "competent authority" there shall be substituted the of

rules.

following new definition

" "competent authority" means respectively

(a)

the body referred to in article

12(1) of the Financial Institutions Act, in

respect of any employment or office with any

company licensed and, or recognised by the

said body; and

(b) the body referred to in article 9 of

the Lotteries and Other Games Act, in respect

of any employment or office with any

company licensed and, or recognised by the

said body;".

The Schedule to the principal rules shall be amended as Amends the

Schedule to the

follows

principal rules.

(a)

in paragraph (a) thereof, immediately after the

words "Chief Risk Officer", there shall be added the words

"(including Fraud and Investigations Officer)" and immediately

after the words "Chief Technology Officer,", there shall be

added the words "Chief Commercial Officer,";

(b) in paragraph (b) thereof, immediately after the

words "Chief Insurance Technical Officer," there shall be added

the words "Odds Compiler Specialist, Head of Research and

Development (including Search Engine Optimisation and

Systems Architecture),"; and

(c)

in paragraph (c) thereof, immediately after the

words "Head of Marketing", there shall be added the words

"(including Head of Distribution Channels)".

€0.18