Investment Services Act (Control of Assets)

L.N. 215 of 2016

INVESTMENT SERVICES ACT

(CAP. 370)

Investment Services Act (Control of Assets)

(Amendment No. 2) Regulations, 2016

IN exercise of the powers conferred by article 12 of the

Investment Services Act, the Minister for Finance, acting on the

advice of the Malta Financial Services Authority, has made the

following regulations:-

The title of these regulations is the Investment Services

Act (Control of Assets) (Amendment No. 2) Regulations, 2016, and

these regulations shall be read and construed as one with the

Investment Services Act (Control of Assets) Regulations, hereinafter

referred to as "the principal regulations".

In sub-regulation (2) of regulation 2 of the principal

regulations for the definition "subject person" there shall be

substituted the following definition

" "subject person" means a person who is in possession of

an investment services licence under the Act or is otherwise

authorised or approved by the competent authority or is acting

under an exemption from the requirement of such a licence in

terms of the Investment Services Act (Exemption) Regulations

Provided that a custodian as defined under the

Investment Services Act (Custodians of Collective Investment

Schemes) Regulations that is also licensed to carry out other

investment services shall also be a subject person under these

regulations in relation to such investment services other than

custody for collective investment schemes and in which case,

the Investment Services Act (Custodians of Collective

Investment Schemes) Regulations shall apply.".

€0.09