Malta Individual Investor Programme Agency

L.N. 96 of 2018

PUBLIC ADMINISTRATION ACT

(CAP. 497)

Malta Individual Investor Programme Agency

(Establishment) Order, 2018

IN EXERCISE of the powers conferred by article 36 of the

Public Administration Act, the Prime Minister has made the following

The title of this order is the Malta Individual Investor

Programme Agency (Establishment) Order, 2018.

In this order, unless the context otherwise requires

"Agency" means the Malta Individual Investor Programme

Agency established by this order;

"the Act" means the Public Administration Act;

"Minister"

means

the

Minister

responsible

for

identity

management.

There shall be established an Agency, to be known as the

Malta Individual Investor Programme Agency which shall carry out

functions and duties of public administration in the following matters

(a) to administer the Individual Investor Programme of

the Government of Malta as established by and under the

Maltese Citizenship Act;

(b) to cooperate with Identity Malta Agency in all

matters, including the setup and implementation of strategies and

policies;

(c) to perform all such other matters which are ancillary,

incidental or consequential to the matters stipulated in this

article, as the Minister may from time to time determine.

The Minister responsible for identity management shall be

the Minister responsible for the Agency.

The Agency shall be subject to the provisions of the Act

and shall be regulated accordingly.

(1) As a special arrangement in terms of article 36(2)(d), Special

in conjunction with article 39 of the Act, the Agency shall be directed arrangements.

Board of

by a Board of Directors appointed by the Minister, which Board, some Directors.

of its members shall be involved in the direction of the Identity Malta

Agency, an agency established in accordance with the Act and this

saving the powers granted to Minister, the Principal Permanent

Secretary and the Permanent Secretary by articles 38 and 39 of the

Act.

(2) The Board shall be composed of five (5) Directors

appointed by the Minister. One (1) of the Directors shall be appointed

by the Minister as the Chairperson of the Board.

(3) The members of the Board shall hold office for a period not

exceeding three (3) years. Any member may, before the expiration of

his term of office, resign by letter addressed to the Minister

Provided that the members of the Board may be removed

from office by the Minister prior to the expiry of their term of office

where, in the opinion of the Minister, they have been found guilty of

misconduct or where they are, in the opinion of the Minister, unable to

perform the duties of their office.

(4) The Minister shall appoint a person to act as a Secretary of

the Board.

(5) The remuneration paid to members of the Board shall be in

accordance with the Act and established guidelines.

(1) The A g e n c y s h a l l h a v e a Chief Executive Chief Executive

Officer who shall be responsible for the performance, functions and Officer.

duties of the Agency in accordance with the Act and shall be

responsible for the daily management of the Agency, and to give

his recommendations to the Minister on applications presented, after

all due diligence checks are performed.

(2) The Chief Executive Officer shall be appointed by the

Minister.

(3) The Chief Executive Officer shall be answerable to the

Board, and this save the powers granted to the Minister, the Principal

Permanent Secretary and the Permanent Secretary, by articles 38 and

39 of the Act.

(4) The legal and judicial representation of the Agency shall

vest in the Chief Executive Officer or in any officer of the Agency who

the Minister may nominate for the purpose from time to time.

In the Fourth Schedule of the Public Administration Act,

Amends the

Fourth Schedule

immediately after "MEUSAC" there shall be added the following

of the Public

Administration

Act.

"Malta Individual Investor

to carry out functions and duties of

Programme Agency

public administration relating to the

Individual Investor Programme of the

Government of Malta, as established by

and under the Maltese Citizenship Act

and to cooperate with Identity Malta

Agency in all matters including the

setup and implementation of strategies

and policies. ".

€0.27