MT
Regulations, 2012
Statutory Text (3 Articles)
L.N. 340 of 2012
BANKING ACT
(CAP. 371)
Depositor Compensation Scheme (Amendment) (No. 2)
Regulations, 2012
IN exercise of the powers conferred by articles 3 and 28A of the
Banking Act, the Minister of Finance, the Economy and Investment,
acting on the advice of the Malta Financial Services Authority, has
made the following regulations
(1) The title of these regulations is the Depositor Citation and
Compensation Scheme (Amendment) (No. 2) Regulations, 2012 and scope.
these regulations shall be read and construed as one with the
Depositor Compensation Scheme Regulations, hereinafter referred to S.L. 371.09
as "the principal regulations".
(2) The objective of these regulations is to enhance the
funding level of the Depositor Compensation Scheme.
The Second Schedule to the principal regulations shall be Amends the
Second
amended as follows
Schedule to the
principal
regulations.
(a)
in paragraph 3(b) thereof, for the words "with the
percentage rate that is applicable to the year of assessment in
accordance with the following sequence
Year of Assessment
Percentage Rate
0.133%
0.166%
0.2%.";
there shall be substituted the words "with the percentage rate
that is applicable to the year of assessment in accordance with
the following sequence
Year of Assessment
Percentage Rate
0.133%
0.133%
0.166%
2015 and each subsequent
year of assessment thereafter
0.2%."; and
(b) in paragraph 5(b) thereof, for the figure "2014",
there shall be substituted the words "2014 and each subsequent
year of assessment thereafter".
€0.18