Recovery and Resolution (Amendment) Regulations, 2025
Statutory Text (3 Articles)
Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,451, 10 ta’ Ġunju, 2025 B 979
L.N. 102 of 2025
MALTA FINANCIAL SERVICES AUTHORITY ACT
(CAP. 330)
Recovery and Resolution (Amendment) Regulations, 2025
IN EXERCISE of the powers conferred by articles 20A and 20D
of the Malta Financial Services Authority Act, the Minister
responsible for the regulation of financial services, acting on the
advice of the Malta Financial Services Authority and of the Resolution
Authority, has made the following regulations:-
(1) The title of these regulations is the Recovery and Citation and
Resolution (Amendment) Regulations, 2025 and these regulations scope.
shall be read and construed as one with the Recovery and Resolution S.L. 330.09.
Regulations, hereinafter referred to as the "principal regulations".
(2) The scope of these regulations is to partially transpose
Article 1(3)(a) of Directive (EU) 2024/1174 of the European
Parliament and of the Council of 11 April 2024 amending Directive
2014/59/EU and Regulation (EU) No 806/2014 as regards certain
aspects of the minimum requirement for own funds and eligible
liabilities.
In sub-paragraph (ii) of paragraph (a) of sub-regulation (1a) Amends
of regulation 45F of the principal regulations, the words "within the regulation
of the principal
same consolidation perimeter; and" shall be substituted by the words regulations.
"within the consolidation perimeter concerned, in particular where
there is a prevalence of liquidation entities within the same
consolidation perimeter; and".
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