Retirement Pensions (Transitional Provisions) Regulations, 2015

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 19,364, 6 ta’ Jannar, 2015 B 15

L.N. 5 of 2015

RETIREMENT PENSIONS ACT

(CAP. 514)

Retirement Pensions (Transitional Provisions) Regulations, 2015

IN exercise of the powers conferred by article 56 of the

Retirement Pensions Act, the Minister for Finance, acting on the

advice of the Malta Financial Services Authority, has made the

following regulations:-

(1) The title of these regulations is the Retirement Citation and

commencement.

Pensions (Transitional Provisions) Regulations, 2015.

(2) These regulations shall come into force on the 1st January

2015.

In these regulations, unless the context otherwise requires, Interpretation.

"competent authority" means the Malta Financial Services Authority

established by the Malta Financial Services Authority Act.

(1) Any scheme or arrangement, retirement fund, Persons carrying

retirement scheme administrator, asset manager and any other person on

under the

registered in terms of the Special Funds (Regulation) Act, shall within Special

(Regulation)

one year from the date of entry into force of the Retirement Pensions Act.

Act apply for a licence under the said Act.

(2) Any registered person, scheme or arrangement, or fund

referred to in sub-regulation (1) shall, after having applied for a

licence in terms of the said sub-regulation (1), and until such time as a

licence under the Retirement Pensions Act is granted by the Cap. 514.

competent authority, continue to be governed by the provisions of the

Special Funds (Regulation) Act.

€0.09