MT
Supervisory Consolidation (Credit Institutions)
Statutory Text (4 Articles)
Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,395, 21 ta’ Frar, 2025
L.N. 44 of 2025
BANKING ACT
(CAP. 371)
Supervisory Consolidation (Credit Institutions)
(Amendment) Regulations, 2025
IN EXERCISE of the powers conferred by article 3 of the
Banking Act, the Minister responsible for the regulation of financial
services, acting on the advice of the Malta Financial Services
Authority, has made the following regulations:-
The title of these regulations is the Supervisory Citation and
Consolidation (Credit Institutions) (Amendment) Regulations, 2025 scope.
and these regulations shall be read and construed as one with the
Supervisory Consolidation (Credit Institutions) Regulations, S.L. 371.22.
hereinafter referred to as the "principal regulations".
(2) The scope of these regulations is to further partially
transpose the provisions of Article 1(40) of Directive (EU) 2019/878
of the European Parliament and of the Council of 20 May 2019
amending Directive 2013/36/EU as regards exempted entities,
financial holding companies, mixed financial holding companies,
remuneration, supervisory measures and powers and capital
conservation measures, and they shall be interpreted and applied
accordingly.
Sub-regulation (1) of regulation 3 of the principal Amends
regulation 3 of
regulations shall be amended as follows
the principal
regulations.
(a)
paragraph (aa) thereof shall be deleted;
(b)
paragraph (da) thereof shall be deleted;
(c)
in paragraph (e) thereof the words "or, where the
group does not include any credit institution supervises the
investment firm with the largest balance sheet total" shall be
deleted.
In sub-regulation (3) of regulation 7 of the principal Amends
regulations the words "to facilitate the tasks referred to in sub- regulation
the principal
regulation (1) and regulations 4(1) and 5(1)," shall be substituted by regulations.
the words "to facilitate the tasks referred to in regulations 4(1), 5(1)
and 6(1) and (2),".
€0.09