Circumstances (Extension) Regulations, 2020

L.N. 278 of 2020

PUBLIC HEALTH ACT

(CAP. 465)

Moratorium on Credit Facilities in Exceptional

Circumstances (Extension) Regulations, 2020

IN EXERCISE of the powers conferred by article 26 of the Public

Health Act, the Minister responsible for public health, with the concurrence

of and after consultation with the Minister for Finance and Financial

Services, the Superintendent of Public Health, the Central Bank of Malta and

the Malta Financial Services Authority, has made the following regulations:-

The title of these regulations is the Moratorium on Credit

Facilities in Exceptional Circumstances (Extension) Regulations, 2020.

(1) In furtherance to sub-regulations (2) and (3) of

regulation 5 of the Moratorium on Credit Facilities in Exceptional

Circumstances Regulations, the Minister responsible for public health,

after consultation with the Minister for Finance and Financial

Services, is hereby extending -

(a) the six-month (6) moratorium for a further period of

six (6) months; and

(b) the period for applications from 30 th June, 2020, to

30 th September, 2020

Provided that the extension referred to in paragraph (a)

above shall require submission of an application for extension,

with the period for applications ending on 30 th September 2020,

and shall be applicable only to borrowers who have been granted

a moratorium on credit facilities between 1 st March, 2020 and

30 th June, 2020.

(2) The six-month (6) extension referred to in paragraph (a)

above shall apply from the day following that on which the first six-

month (6) period would have expired.

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