Cooperation with Other Jurisdictions on Tax Matters

L.N. 162 of 2026

INCOME TAX ACT

(CAP. 123)

Cooperation with Other Jurisdictions on Tax Matters

(Amendment) Regulations, 2026

IN EXERCISE of the powers conferred by articles 76 and 96 of

the Income Tax Act, the Minister responsible for finance has made

the following regulations:-

(1) The title of these regulations is the Cooperation with

Other Jurisdictions on Tax Matters (Amendment) Regulations, 2026

and these regulations shall be read and construed as one with the

Cooperation with Other Jurisdictions on Tax Matters Regulations

hereinafter referred to as the "principal regulations".

(2) These regulations shall be deemed to have come into force

on the 1st of January 2026.

In regulation 2 of the principal regulations the definition

"EU Administrative Cooperation Directive" shall be substituted by

the following new definition

" "EU Administrative Cooperation Directive" means

Council Directive 2011/16/EU of 15 February 2011 on

administrative cooperation in the field of taxation and repealing

Directive 77/799/EEC as amended by Council Directive 2014/

107/EU, and Council Directives (EU) 2015/2376, 2016/881,

2018/822, 2020/876, 2021/514, 2023/2226 and 2025/872;".

The proviso to sub-regulation (1) of regulation 5 of the

principal regulations shall be substituted by the following new

proviso

"Provided that no person may be requested to

provide information which is the subject of attorney client

privilege. For the purposes of this sub-regulation, "information

which is the subject of attorney client privilege" means

confidential communications between a client and a lawyer or

other legal representative produced for the purposes of seeking

or providing legal advice or for the purposes of use in existing

or contemplated legal proceedings.".

Immediately after sub-regulation (3) of regulation 6 of the Amends

principal regulations there shall be added the following new sub- regulation

regulation

"(4) Where any person from whom the

Commissioner has requested information in accordance

with these regulations or article 10A of the Income Tax

Management Act, discloses to the person concerned or to

a third party the fact that information has been requested

by the Commissioner or that information has been or may

be transmitted to the Commissioner, such person shall be

guilty of an offence and shall be liable on conviction to a

fine (multa) not exceeding one hundred and fifteen

thousand euro (€115,000) or to imprisonment for a term

not exceeding two (2) years or to both such fine and

imprisonment.".

In paragraph (b) of sub-regulation (2) of regulation 10 of Amends

the principal regulations the words "in the relevant arrangement." regulation

shall be substituted by the words "in the relevant arrangement;" and regulations.

immediately thereafter there shall be added the following new

paragraph

"(c) the provision of information would likely

lead to the disclosure of a commercial, industrial or

professional secret or of a commercial process, or of

information whose disclosure would be contrary to public

policy.".

Regulation 13 of the principal regulations shall be Amends

amended as follows

(a)

sub-regulation (1) thereof shall be substituted by the

following new sub-regulation

"(1) The competent authority in Malta shall, by

automatic exchange, communicate to the competent

authority of any other EU Member State all

information that is available concerning residents of such

other EU Member State, on the following specific

categories of income and capital

(a)

income from employment;

(b) director’s fees;

(c)

life insurance products not covered by

other Union legal instruments on exchange of

information and other similar measures;

(d) pensions;

(e)

ownership of and income from

immovable property;

(f)

royalties;

(g) non-custodial dividend income other

than income from dividends exempt from corporate

income tax in accordance with Articles 4, 5 or 6 of

Council Directive 2011/96/EU of 30 November

2011 on the common system of taxation applicable

in the case of parent companies and subsidiaries of

different Member States, as transposed through the

European Union Directives Regulations.";

(b) sub-regulation (2) thereof shall be substituted by the

following new sub-regulation

"(2) Reporting Malta Financial Institutions shall

perform the reporting and due diligence rules included in

Annexes I and II. In accordance with such applicable

reporting and due diligence rules, the competent authority

in Malta shall, by automatic exchange, communicate to the

competent authority of any other Member State, the

following information regarding taxable periods as from 1

January 2016 concerning a Reportable Account of

residents in such other Member State

(a) the name, address, TINs and date and

place of birth, in the case of an individual, of each

Reportable Person that is an Account Holder of the

account and, in the case of any Entity that is an

Account Holder and that, after application of due

diligence rules consistent with the Annexes I and

II, is identified as having one (1) or more

Controlling Persons that are Reportable Persons,

the name, address, and TINs of the Entity and the

name, address, TINs and date and place of birth of

each Reportable Person;

(b) the account number, or functional

equivalent in the absence of an account number;

(c) the name and identifying number, if

any, of the Reporting Financial Institution;

(d) the account balance or value including,

in the case of a Cash Value Insurance Contract or

Annuity Contract, the Cash Value or surrender

value, as of the end of the relevant calendar year or

other appropriate reporting period or, if the account

was closed during such year or period, the closure

of the account;

(e)

in the case of any Custodial Account

(i) the total gross amount of interest,

the total gross amount of dividends, and the

total gross amount of other income generated

with respect to the assets held in the account,

in each case paid or credited to the account,

or with respect to the account, during the

calendar year or other appropriate reporting

period; and

(ii) the total gross proceeds from the

sale or redemption of Financial Assets paid or

credited to the account during the calendar

year or other appropriate reporting period

with respect to which the Reporting Financial

Institution acted as a custodian, broker,

nominee, or otherwise as an agent for the

Account Holder;

(f) in the case of any Depository Account,

the total gross amount of interest paid or credited to

the account during the calendar year or other

appropriate reporting period;

(g) in the case of any account not described

in paragraphs (e) or (f), the total gross amount paid

or credited to the Account Holder with respect to

the account during the calendar year or other

appropriate reporting period with respect to which

the Reporting Financial Institution is the obligor or

debtor, including the aggregate amount of any

redemption payments made to the Account Holder

during the calendar year or other appropriate

reporting period;

(h) whether a valid self-certification has

been provided for each Account Holder;

(i)

the roles by virtue of which each

Reportable Person that is a Controlling Person of

an Entity Account Holder is a Controlling Person

of the Entity and whether a valid self-certification

has been provided for each such Reportable Person;

(j)

the type of account, whether the

account is a Pre-existing Account or a New

Account and whether the account is a joint account,

including the number of joint Account Holders; and

(k) in the case of any Equity Interest held

in an Investment Entity that is a legal arrangement,

the roles by virtue of which the Reportable Person

is an Equity Interest holder

Provided that for the purposes of

exchange of information under this sub-regulation,

unless otherwise foreseen in this sub-regulation or

in the Annexes, the amount and characterisation of

payments made with respect to Reportable

Accounts shall be determined in accordance with

Maltese legislation

Provided further, the first paragraph of

this sub-regulation shall prevail over paragraph (c)

of sub-regulation (1) or any other Union legal

instrument, to the extent that the exchange of

information at issue would fall within the scope of

paragraph (c) of sub-regulation (1) above or of any

other Union legal instrument."

(c)

sub-regulation (3) thereof shall be amended as

(i) paragraph (d) thereof shall be substituted by

the following new paragraph

"(d) (i) paragraphs (a) and (b) shall not

apply in the case where an advance cross-border

ruling exclusively concerns and involves the tax

matters of one (1) or more natural persons

Provided that where such an advance

cross-border ruling was issued, amended or

renewed after 1 January 2026 and where

(A) the amount of the transaction or

series of transactions of the advance cross-

border ruling exceeds one million and five

hundred thousand euro (€1,500,000) or the

equivalent amount in any other currency if

such amount is referred to in the advance

cross-border ruling; or

(B) the advance cross-border ruling

determines whether a person is resident for

tax purposes in Malta or otherwise;

(ii) for the purposes of paragraph (A) of the

proviso to sub-paragraph (i) and without prejudice

to the amount referred to in the advance cross-

border ruling, in a series of transactions regarding

different goods, services or assets the amount of the

advance cross-border ruling shall comprise the

total underlying value. The amounts shall not be

aggregated if the same goods, services or assets are

transacted several times;

(iii) notwithstanding the provisions of

paragraph (B) of the proviso to sub-paragraph (i),

the exchange of information on advance cross-

border rulings concerning natural persons shall not

include such rulings on taxation at source with

regard to non-residents’ income from employment,

director’s fees or pensions.";

(ii) paragraph (e) thereof shall be amended as

follows

- sub-paragraph (i) thereof shall be substituted by

the following new sub-paragraph

"(i) the identification of the person, other

than a natural person, except where the advance-

cross border ruling concerns a natural person and

shall be communicated pursuant to paragraphs (a)

and (d), and where appropriate the group of persons

to which it belongs;";

- sub-paragraph (xi) thereof shall be substituted

by the following new sub-paragraph

"(xi) the identification of any person, other

than a natural person, except where the advance-

cross border ruling concerns a natural person and

shall be communicated in accordance with

paragraphs (a) and (d), in the other EU Member

States, if any, likely to be affected by the advance

cross-border

ruling

or

advance

pricing

arrangement;";

(d) sub-regulation (5) thereof shall be substituted by the

following new sub-regulation

"(5) For the purposes of this regulation, any

capitalised term shall have the same meaning as assigned

to it in the Annexes.";

(e)

sub-regulation (7) thereof shall be amended as

follows

(i) in the second proviso to paragraph (e) thereof

the words "may determine." shall be substituted by the

words "may determine:" and immediately thereafter there

shall be added the following new provisos

"

Provided further that an intermediary

whose profession in accordance with the

Professional Secrecy Act is that of an advocate,

notary and legal procurator and such

intermediary has waived such reporting

obligation, the intermediary shall notify, without

delay and in any event not later than seven (7)

working days from the relevant date established

by paragraph (a), his client, if such client is an

intermediary or, where there is no such

intermediary, such client is the relevant

taxpayer, of that client’s reporting obligations

under sub-regulation (6). For the purposes of

this paragraph, the term "client" means any

intermediary or relevant taxpayer, who receives

services, including assistance, advice, counsel

or guidance, from a legal professional as defined

in accordance with Directive 98/5/EC of the

European Parliament and of the Council of 16

February 1998 to facilitate practice of the

profession of lawyer on a permanent basis in a

Member State other than that in which the

qualification was obtained, in relation to a

reportable cross-border arrangement

Provided further that with effect

from 1st January 2027, an intermediary shall

only have the right to a waiver from filing

information on a reportable cross-border

arrangement in terms of this sub-regulation if

such intermediary is a legal professional as

defined in terms of Directive 98/5/EC of the

European Parliament and of the Council.";

(ii) paragraph (o) thereof shall be amended as

follows

- sub-paragraph (i) thereof shall be substituted by

the following new sub-paragraph

"(i) the identification of intermediaries, other

than intermediaries exempt from the reporting obligation

in accordance with paragraph (e), and relevant taxpayers,

including their name, date and place of birth, in the case of

an individual, residence for tax purposes, TIN and, where

appropriate, the persons that are associated enterprises to

the relevant taxpayer;

- sub-paragraph (iii) thereof shall be substituted

by the following new sub-paragraph

"(iii) a summary of the content of the

reportable cross-border arrangement, including a

reference to the name by which it is commonly

known, if any, and a description of the relevant

arrangements and any other information which may

assist the receiving competent authority in

assessing a potential tax risk, without leading to the

disclosure of a commercial, industrial or

professional secret or of a commercial process, or

of information the disclosure of which would be

contrary to public policy;";

(f)

sub-regulation (8) thereof shall be amended as

(i) paragraph (b) thereof shall be substituted by

the following new paragraph

"(b) for the information stipulated in sub-

regulation (2), annually, within nine (9) months

following the end of the year of assessment during

which the information became available

Provided that the competent authority in

Malta shall communicate the information referred

to in paragraphs (h) to (k) regarding taxable periods

as from 1st January 2026; ";

(ii) in paragraph (f) thereof the words "1st

January 2023." shall be substituted by the words "1st

January 2023;" and immediately thereafter there shall be

added the following new paragraph

"(g) for the information stipulated in sub-

regulation (13), within nine (9) months following

the end of the calendar year to which the reporting

requirements applicable to Reporting Malta

Crypto-Asset Service Providers relate. The first

information shall be communicated for the relevant

calendar year or other appropriate reporting period

as from 1 January 2026.";

(g)

sub-regulation (9) thereof shall be amended as

(i) the definition "automatic exchange

of

information" thereof shall be amended as follows

-paragraph (a) thereof shall be substituted by the

following new paragraph

"(a)for the purposes of sub-regulations (1), (3),

(4), (7), (12) and (13), the systematic communication

of pre-defined information to another Member State,

without a prior request, at pre-established regular

intervals. For the purposes of sub-regulation (1), the

reference to available information relates to

information in the tax files of Malta, which is

retrievable in accordance with the procedures for

gathering and processing information in Malta;";

-paragraph (c) thereof shall be substituted by the

following new paragraph

"(c)for the purposes of the provisions of these

regulations that implement the EU Administrative

Cooperation Directive, other than sub-regulations

(1), (2), (3), (4), (7), (12) and (13), the systematic

communication of pre-defined information provided

in paragraphs (a) and (b);";

(ii)in paragraph (d) of the definition "advance

cross-border ruling" thereof immediately after the

words "permanent establishment" there shall be

added the words "or to the question of whether or not

a natural person is resident for tax purposes in the

Member State issuing the ruling";

(iii) in the definition "bespoke arrangement"

thereof the words "marketable arrangement." shall be

substituted by the words "marketable arrangement;"

and immediately thereafter there shall be added the

following new definitions

" "non-custodial dividend income" means

dividends or other income treated as dividends in

the payer’s Member State which are paid or

credited to an account other than a Custodial

Account as defined in sub-paragraph (3) of

paragraph C of Section VIII, of Annex I;

"life insurance products not covered by other

Union legal instruments on exchange of

information and other similar measures" means

Insurance Contracts, other than Cash Value

Insurance Contracts subject to reporting under

Section I of Annex I, where benefits under the

contracts are payable on the death of a policy

holder;

"distributed ledger address" means distributed

ledger address referred to in Regulation (EU) 2023/

1114 of the European Parliament and of the Council

of 31 May 2023 on markets in crypto-assets, and

amending Regulations (EU) No 1093/2010 and (EU)

No 1095/2010 and Directives 2013/36/EU and (EU)

2019/1937;";

(h) in paragraph (f) of sub-regulation (10) thereof the

words "1st January 2023." shall be substituted by the words "1st

January 2023;" and immediately thereafter there shall be added

the following new paragraph

"(g) the provisions of sub-regulations (2)(h)

to (k) and (13) shall be deemed to have come into

force on 1 January 2026.";

(i)

sub-regulation (12) thereof shall be amended as

(i) in sub-paragraph (xii) of paragraph (c)

thereof the words "Reportable Period:" shall be substituted

by the words "Reportable Period;" and immediately

thereafter there shall be added the following new

paragraph

"(xiii) the Identification Service identifier and

the Member State of issuance, where the Reporting

Platform Operator relies on direct confirmation of

the identity and residence of the Seller through an

Identification Service made available by a Member

State or the Union to ascertain the identity and tax

residence of the Seller; in such cases it is not

necessary to communicate to the Member State of

issuance of the Identification Service identifier the

information referred to in sub-paragraphs (iii) to

(vii):";

(ii) in second proviso to paragraph (e) thereof the

words "Reporting Malta Platform Operator." shall be

substituted by the words "Reporting Malta Platform

Operator:" and immediately thereafter there shall be added

the following new proviso

"Provided further that a Reporting

Platform Operator within the meaning of sub-

paragraph A(4)(b) of Section I of Annex V shall

not be required to register with the Commissioner

for the purpose of these regulations, if such

Platform Operator is resident for tax purposes in a

non-Union jurisdiction which has an Effective

Qualifying Competent Authority Agreement,

which already provides for the automatic exchange

of equivalent information with Malta on Reportable

Sellers resident in Malta.";

(iii) in sub-paragraph (iii) of paragraph (g) thereof

the words "shall request the Commission to delete" shall be

substituted by the words "shall remove";

(j)

immediately after sub-regulation (12) thereof, as

amended, there shall be added the following new sub-

regulation

(13) (a) A Reporting Malta Crypto-Asset

Service Provider shall apply the due diligence

procedures and fulfil reporting requirements

established in Sections II and III of Annex VI.

(b) The competent authority in Malta shall, by

means of automatic exchange, communicate the

information specified in paragraph (c) to the

competent authorities of the EU Member States

concerned within the time limit established in sub-

regulation (8)(g).

(c) The competent authority in Malta shall

communicate the following information regarding

each Reportable Person

(i) the name, address, Member States of

residence, TINs and, in the case of an

individual, date and place of birth of each

Reportable User and, in the case of any Entity

that, after application of the due diligence

procedures established in Section III of Annex

VI is identified as having one (1) or more

Controlling Persons that is a Reportable Person,

the name, address, Member States of residence

and TINs of the Entity and the name, address,

Member States of residence, TINs and date and

place of birth of each Controlling Person of the

Entity that is a Reportable Person, as well as the

roles by virtue of which each such Reportable

Person is a Controlling Person of the Entity

Provided that where the Reporting

Crypto-Asset Service Provider relies on direct

confirmation of the identity and residence of the

Reportable Person through an Identification

Service made available by a Member State or

the Union to ascertain the identity and tax

residence of the Reportable Person, the

information which shall be communicated to the

Member State of issuance of the Identification

Service identifier regarding the Reportable

Person shall include the name, the Identification

Service identifier and the Member State of

issuance, as well as the roles by virtue of which

each Reportable Person is a Controlling Person

of the Entity;

(ii) the name, address, TIN and, if

available, the individual identification number

referred to in paragraph (g) and the global legal

entity identifier of the Reporting Crypto-Asset

Service Provider;

(iii) for each type of Reportable Crypto-

Asset with respect to which the Reporting

Crypto-Asset Service Provider has effectuated

Reportable Transactions during the relevant

calendar year or other appropriate reporting

period, where relevant

(A) the full name of the type of

Reportable Crypto-Asset;

(B) the aggregate gross amount paid,

the aggregate number of units and the number

of Reportable Transactions in respect of

acquisitions against Fiat Currency;

(C) the aggregate gross amount

received, the aggregate number of units and

the number of Reportable Transactions in

respect of disposals against Fiat Currency;

(D) the aggregate fair market value, the

aggregate number of units and the number of

Reportable Transactions in respect of

acquisitions against other Reportable Crypto-

Assets;

(E) the aggregate fair market value, the

aggregate number of units and the number of

Reportable Transactions in respect of

disposals against other Reportable Crypto-

Assets;

(F) the aggregate fair market value, the

aggregate number of units and the number of

Reportable Retail Payment Transactions;

(G) the aggregate fair market value, the

aggregate number of units and the number of

Reportable Transactions and subdivided by

transfer type where known by the Reporting

Crypto-Asset Service Provider, in respect of

Transfers to the Reportable User not covered

by points (B) and (D);

(H) the aggregate fair market value, the

aggregate number of units and the number of

Reportable Transactions, and subdivided by

transfer type where it is known by the

Reporting Crypto-Asset Service Provider, in

respect of transfers by the Reportable User

not covered by points (C), (E) and (F); and

(I) the aggregate fair market value, as

well as the aggregate number of units of

Transfers effectuated by the Reporting

Crypto-Asset Service Provider to distributed

ledger addresses referred to in Regulation

(EU) 2023/1114 of the European Parliament

and of the Council of 31 May 2023 on

markets in crypto-assets, and amending

Regulations No (EU) 1093/2010 and No

(EU) 1095/2010 and Directives 2013/36/EU

and (EU) 2019/1937 not known to be

associated with a virtual asset service

provider or Financial Institution

Provided that for the purposes of points

(B) and (C), the amount paid or received shall be

communicated in the Fiat Currency in which it was

paid or received. In case the amounts were paid or

received in multiple Fiat Currencies, the amounts

shall be communicated in a single Fiat Currency,

converted at the time of each Reportable Transaction

in a manner that is consistently applied by the

Reporting Crypto-Asset Service Provider

Provided further that for the purposes of

points (D) and (I), the fair market value shall be

determined and communicated in a single Fiat

Currency, valued at the time of each Reportable

Transaction in a manner that is consistently applied

by the Reporting Crypto-Asset Service Provider

Provided further that the information

communicated shall specify the Fiat Currency in

which each amount is reported.

(d) The European Commission shall not have

access to the information referred to in sub-

paragraphs (c)(i) and (ii).

(e) For the purpose of complying with the

reporting requirements referred to in paragraph (a), a

Crypto-Asset Operator within the meaning of sub-

paragraph B(2) of Section IV of Annex VI shall

register with the Commissioner in such manner and

within such period of time that the Commissioner

may require, by means of guidelines published on the

website of the Commissioner for Tax and Customs in

accordance with the provisions of article 96(2) of the

Income Tax Act.

(f) A

Crypto-Asset

Operator

whose

registration has been revoked in accordance with sub-

paragraph F(7) of Section V of Annex VI shall only

be permitted to register again if it provides to the

Commissioner appropriate assurance as regards its

commitment to comply with the reporting

requirements within the Union, including any

outstanding unfulfilled reporting requirements.

(g) Paragraphs (e) and (f) shall not apply to

Crypto-Asset Service Providers within the meaning

of sub-paragraph B(1) of Section IV, of Annex VI.".

Regulation 18 of the principal regulations shall be

amended as follows

(a)

in paragraph (a) of sub-regulation (1) thereof the

words "under the Income Tax Act." shall be substituted by the

words "under the Income Tax Acts." and the words "as well as

VAT and other indirect taxes:" shall be substituted by the words

"as well as VAT, other indirect taxes, customs duties and anti-

money laundering and countering the financing of terrorism:";

(b) immediately after paragraph (b) of sub-regulation

(2) thereof, there shall be added the following new paragraph

"(c) The competent authority in Malta that

receives information and documents may also use the

received information and documents without the

permission referred to in paragraph (a) for any purpose that

is covered by an act based on Article 215 of the Treaty on

the Functioning of the European Union and share them for

such purpose with the competent authority in charge of

restrictive measures in Malta in accordance with the

decision taken under the said Article 215.";

(c)

paragraph (a) of sub-regulation (4) thereof shall be

substituted by the following new paragraph

"(a) When the competent authority in Malta

considers that information which it has received from the

competent authority of another EU Member State is likely

to be useful for the purposes referred to in sub-regulation

(1)(a) to the competent authority of a third Member State,

it may transmit that information to the latter competent

authority, provided that the transmission is in accordance

with the rules and procedures established in these

regulations. The competent authority in Malta shall inform

the competent authority of the Member State from which

the information originates about its intention to share that

information with a third Member State. The Member State

of origin of the information may oppose such a sharing of

information within fifteen (15) calendar days of receipt of

the communication from the competent authority in Malta

that wants to share the information.".

Regulation 21 of the principal regulations shall be Amends

amended as follows

(a)

sub-regulation (1) thereof shall be substituted by the

following new sub-regulation

"(1) (a)

Every exchange of information in

accordance with these regulations shall be made in

conformity with Regulation (EU) 2016/679 of the

European Parliament and of the Council of 27 April 2016

on the protection of natural persons with regard to the

processing of personal data and on the free movement of

such data, and repealing Directive 95/46/EC (General Data

Protection Regulation) and the Data Protection Act,

including the regulations made thereunder.

(b) The Commissioner may restrict the rights and

obligations established in Article 13, Article 14(1) and

Article 15 of Regulation (EU) 2016/679, where such

restriction respects the essence of the fundamental rights

and freedoms and is a necessary and proportionate measure

in a democratic society to safeguard the objective

established in Article 23(1)(e) of Regulation (EU) 2016/

679. Before applying a restriction, the Commissioner shall

conduct a necessity and proportionality assessment and be

able to demonstrate that the application of the restriction is

necessary and proportionate.

(c) The Commissioner shall keep a record of any

such restriction and the reasons for such restriction.

(d) Where a restriction applies, the Commissioner

shall inform the data subject, in writing, of the rights and

obligations being restricted, the reason for such restriction,

and his right to file a data protection complaint with the

Information and Data Protection Commissioner

Provided that this requirement shall not apply

where such information may be prejudicial to the purpose

of the restriction.

(e) The Commissioner shall periodically review the

decision applying a restriction and assess the necessity and

proportionality thereof to ensure that the justification for

the restriction is still valid

Provided that where the reason for the

restriction no longer applies, the Commissioner shall lift

the restriction without undue delay.

(f) The data protection officer shall be consulted,

properly and in a timely manner, with respect to such

restriction as referred to in paragraph (a), both prior to and

throughout the duration of such restriction.";

(b) sub-regulation (3) thereof shall be substituted by the

following new sub-regulation

"(3) The Reporting Malta Financial Institutions, the

intermediaries, the Reporting Malta Platform Operators,

Reporting Crypto-Asset Providers and the competent

authority in Malta shall be considered to be data controllers

when, acting alone or jointly, they determine the purposes

and means of the processing of personal data within the

meaning of the regulation (EU) 2016/679 of the European

Parliament and of the Council of 27 April 2016 on the

protection of natural persons with regard to the processing

of personal data and on the free movement of such data,

and repealing Directive 95/46/EC (General Data Protection

Regulation) and the Data Protection Act.";

(c)

sub-regulation (4) thereof shall be substituted by the

following new sub-regulation

"(4) Notwithstanding the provisions of sub-

regulation (1), the Commissioner shall ensure that each

Reporting Malta Financial Institution, intermediary, or

Reporting Malta Platform Operator, or Reporting Crypto-

Asset Provider, as the case may be, which falls under the

jurisdiction of Malta

(a) informs each individual concerned that

information relating to such individual shall be

collected and transferred in accordance with these

regulations; and

(b) provides to each individual concerned

with all the information that the individual is

entitled to from the data controller in sufficient

time for such individual to exercise his data

protection rights and, in any case, before the

information is reported

Provided that notwithstanding the

provisions of this sub-regulation, each Reporting

Malta Platform Operator shall inform Reportable

Sellers of the reported consideration.";

(d) sub-regulation (5) thereof shall be substituted by the

following new sub-regulation

"(5) Information processed in accordance with

these regulations shall be retained for not longer than is

necessary to achieve the purposes of these regulations

Provided that information received through

the automatic exchange of information in accordance with

sub-regulations (1) to (13) of regulation 13 shall be

retained for not longer than is necessary but in any event,

not less than five (5) years from its date of receipt to

achieve the purposes of these regulations.".

Regulation 22 of the principal regulations shall be Amends

regulation 22 of

amended as follows

the principal

regulations.

(a)

in sub-regulation (3) thereof, for the words "and

(12)" shall be substituted by the words "and (13);

(b) immediately after sub-regulation (6) thereof there

shall be added the following new sub-regulations

"(7) A standard form, including the linguistic

arrangements, shall be adopted by the EU Commission in

accordance with the procedure referred to in Article 26(2)

of the EU Administrative Cooperation Directive before 30

June 2025. The automatic exchange of information on

reportable Crypto-Assets in accordance with regulation

13(13) shall be carried out using this standard form. This

standard form shall not exceed the components for

exchange of the information listed in regulation 13(13)(c)

and other relating fields linked to these components which

are necessary to achieve the objectives of regulation

13(13).

(8) A reporting entity is allowed to obtain

confirmation by electronic means of the validity of the

information on the TIN of any taxpayer subject to the

exchange of information under regulation 13(1) to (13).

The confirmation of the information on the TIN may be

requested only for the purposes of validation of the

correctness of data referred to in regulation 13(1), (2),

(3)(e), (4)(c), (7)(o), (12)(c) and (13)(c). A reporting entity

may confirm validity of TIN information through a tool

which shall be provided by the EU Commission, allowing

an electronic and automated verification of the correctness

of the TIN provided by a reporting entity or a taxpayer for

the purposes of the automatic exchange of information.".

Sub-regulation (1) of regulation 33 of the principal

regulations shall be amended as follows

(a)

the words "Where a Reporting Malta Financial

Institution fails to comply with any of the obligations set out in

the FATCA Agreement or the FATCA Regulations, the

Reporting Malta Financial Institution shall be liable to the

following penalties:" shall be substituted by the words "Where a

Financial Institution fails to comply with any of the obligations

established in the FATCA Agreement or the FATCA

Regulations, the Financial Institution shall be liable:";

(b) in paragraph (e) thereof for the words "Reporting

Malta Financial Institution" shall be substituted by the words

"Financial Institution".

Sub-regulation (2) of regulation 35 of the principal

regulations shall be substituted by the following new sub-regulation

"(2) The notice referred to in sub-regulation (1)

may be served on the relevant person in the same manner

as described in article 29(1) of the Income Tax

Management Act.".

Sub-regulation (1) of regulation 44 of the principal

regulations shall be amended as follows

(a)

the words "Where a Reporting Malta Financial

Institution fails to comply with any of the obligations set out in

the EU Administrative Cooperation Directive, the Reporting

Malta Financial Institution shall be liable to the following

penalties:" shall be substituted by the words "Where a Financial

Institution fails to comply with any of the obligations

established in the EU Administrative Cooperation Directive, the

Financial Institution shall be liable:";

(b) in paragraph (f) thereof the words "Reporting Malta

Financial Institution" shall be substituted by the words

"Financial Institution".

Immediately after regulation 52 of the principal Adds new

regulations to

regulations there shall be added the following new regulations

the principal

regulations.

" Effectiveness

53. The effectiveness of administrative

cooperation in accordance with these regulations and in

administrative

accordance with the EU Administrative Cooperation

cooperation.

Directive, including in combating tax evasion and tax

avoidance, shall be monitored and assessed by the

competent authority of Malta in relation to itself and it

shall communicate the results of its assessment to the EU

Commission once a year.

54. (1)

Where a Reporting Malta Crypto-

Administrative

penalties for

Asset Service Provider fails to comply with any of the

failure to

comply.

obligations established in the EU Administrative

Cooperation Directive, the Reporting Malta Crypto-

Asset Service Provider shall be liable

(a)

where a Reporting Malta Crypto-

Asset Service Provider fails to register with the

Commissioner in accordance with regulation

13(13)(e) and in such manner and within the

period of time that the Commissioner requires, to

an administrative penalty of five hundred euro

(€500);

(b) where a Reporting Malta Crypto-Asset

Service Provider fails to retain the documentation

and information it collected in the course of

meeting its due diligence and reporting obligations

for a minimum period of five (5) years starting

from the end of the year in which the information

relates, to an administrative penalty of two

thousand five hundred euro (€2,500);

(c)

where a Reporting Malta Crypto-Asset

Service Provider fails to report the information

required to be reported in accordance with Section

II of Annex VI within the time stipulated in

Section III, to an administrative penalty of

(i) two thousand five hundred euro

(€2,500); and

(ii) one hundred euro (€100) for

every day during which the default subsists,

which administrative penalty and daily

penalty shall not exceed in total twenty

thousand euro (€20,000);

(d) where a Reporting Malta Crypto-Asset

Service Provider fails to report the information

required to be reported in accordance with Section

II of Annex VI in a complete and accurate manner,

to an administrative penalty of

(i) in the case of minor errors

-

two hundred euro (€200);

and

-

fifty euro (€50) for every

day during which the default subsists,

which administrative penalty and

daily penalty shall not exceed in total

five thousand euro (€5,000);

(ii) in the case of significant non-

compliance, an administrative penalty of up

to a maximum of fifty thousand euro

(€50,000);

(e)

where a Reporting Malta Crypto-Asset

Service Provider fails to apply the due diligence

procedures specified in Section III of Annex VI, to

an administrative penalty of five thousand euro

(€5,000).

(2) Without prejudice to any administrative

penalties incurred in accordance with sub-regulation

(1), when a Reporting Malta Crypto-Asset Service

Provider is found to have submitted information that is

misleading or false, every senior managing official of

such Reporting Malta Crypto-Asset Service Provider

shall be liable to an administrative penalty of not less

than ten thousand euro (€10,000) and not more than

thirty thousand euro (€30,000)

Provided that a senior managing official of

the said Reporting Malta Crypto-Asset Service Provider

shall not be guilty of such a breach if he proves that he

was unaware and could not with reasonable diligence be

aware of such act or omission and that he did everything

within his power to prevent that act or omission.".

55. (1) The TIN of reported individuals or

entities issued by the Member State of residence shall

be reported by the reporting entity or reporting

individual when explicitly required by, and in

accordance with the regulations and Annexes.

(2) For taxable periods starting on or after 1

January 2030, the TIN of residents issued by the

Member State of residence shall be reported, where

possible, with respect to the information referred to in

regulation 13(1)(a), (b) and (d).

(3) For taxable periods starting on or after 1

January 2028, the TIN of individuals and entities issued

by the Member State of residence shall be reported,

where possible, with respect to the information referred

to in regulation 13(3)(e)(i) and (xi), as well as of

reported individuals and entities with respect to the

information referred to in regulation 13(4)(c)(ii) and

13(7)(o). The competent authority in Malta shall

include such information in its communication of the

information referred to in regulation 13(4)(c)(ii) and

13(7)(o).".

Annex I to the principal regulations shall be amended as Amends Annex

(a)

Section I thereof shall be amended as follows

(i) paragraph A thereof shall be substituted by

the following new paragraph

"A. Subject to paragraphs C to F, each Reporting

Malta Financial Institution shall report to the competent

authority of Malta with respect to each Reportable Account

of such Reporting Malta Financial Institution

1. the following information

(a)

the name, address, Member States

of residence, TINs and date and place of

birth, in the case of an individual, of each

Reportable Person that is an Account Holder

of the account and whether the Account

Holder has provided a valid self-certification;

(b) in the case of any Entity that is an

Account Holder and that, after application of

the due diligence procedures consistent with

Sections V, VI and VII, is identified as having

one or more Controlling Persons that is a

Reportable Person, the name, address,

Member States and, if any, other jurisdictions

of residence and TINs of the Entity and the

name, address, Member States of residence,

TINs and date and place of birth of each

Reportable Person, as well as the roles by

virtue of which each Reportable Person is a

Controlling Person of the Entity and whether

a valid self-certification has been provided

for each Reportable Person;

(c) whether the account is a joint

account, including the number of joint

Account Holders;

2. the account number, or functional

equivalent in the absence of an account number, the

type of account and whether the account is a Pre-

existing Account or a New Account;

3. the name and identifying number, if any,

of the Reporting Malta Financial Institution;

4. the account balance or value, including,

in the case of a Cash Value Insurance Contract or

Annuity Contract, the Cash Value or surrender

value, as of the end of the relevant calendar year or

other appropriate reporting period or, if the account

was closed during such year or period, the closure

of the account;

5. in the case of any Custodial Account

(a) the total gross amount of interest,

the total gross amount of dividends and the

total gross amount of other income generated

with respect to the assets held in the account,

in each case paid or credited to the account or

with respect to the account during the

calendar year or other appropriate reporting

period; and

(b) the total gross proceeds from the

sale or redemption of Financial Assets paid or

credited to the account during the calendar

year or other appropriate reporting period

with respect to which the Reporting Malta

Financial Institution acted as a custodian,

broker, nominee, or otherwise as an agent for

the Account Holder;

6. in the case of any Depository Account,

the total gross amount of interest paid or credited to

the account during the calendar year or other

appropriate reporting period;

7. in the case of any Equity Interest held in

an Investment Entity that is a legal arrangement,

the roles by virtue of which the Reportable Person

is an Equity Interest holder; and

8. in the case of any account not described

in sub-paragraph A(5) (6) or (7), the total gross

amount paid or credited to the Account Holder with

respect to the account during the calendar year or

other appropriate reporting period with respect to

which the Reporting Malta Financial Institution is

the obligor or debtor, including the aggregate

amount of any redemption payments made to the

Account Holder during the calendar year or other

appropriate reporting period.";

(ii) paragraph C thereof shall be substituted by

the following new paragraph

"C. Notwithstanding sub-paragraph A(1), with

respect to each Reportable Account that is a Pre-existing

Account, the TINs or date of birth is not required to be

reported if such TINs or date of birth is not in the records

of the Reporting Malta Financial Institution and is not

otherwise required to be collected by such Reporting Malta

Financial Institution under domestic law or any Union

legal instrument. However, a Reporting Malta Financial

Institution is required to use reasonable efforts to obtain

the TINs and date of birth with respect to Pre-existing

Accounts by the end of the second calendar year following

the year in which Pre-existing Accounts were identified as

Reportable Accounts and whenever it is required to update

the information relating to the Pre-existing Account in

accordance with domestic AML/KYC Procedures.";

(iii) immediately after paragraph E thereof there

shall be added the following new paragraph

"F. Notwithstanding point (b) of sub-paragraph

A(5) and unless the Reporting Malta Financial Institution

elects otherwise with respect to any clearly identified

group of accounts, the gross proceeds from the sale or

redemption of Financial Assets are not required to be

reported in so far as such gross proceeds from the sale or

redemption of such Financial Assets are reported by the

Reporting Malta Financial Institution in accordance with

regulation 13(13).";

(b) paragraph 2(b) of Section VI thereof shall be

substituted by the following new paragraph

"(b) Determining the Controlling Persons of an

Account Holder.

For the purposes of determining the Controlling

Persons of an Account Holder, a Reporting Malta

Financial Institution may rely on information collected

and maintained pursuant to AML/KYC Procedures,

provided that such procedures are consistent with the

procedures established in the Prevention of Money

Laundering and Funding of Terrorism Regulations and

any binding procedures and guidance issued by virtue of

regulation 17 of the said regulations. If the Reporting

Malta Financial Institution is not legally required to apply

AML/KYC Procedures that are consistent with those

outlined in the Prevention of Money Laundering and

Funding of Terrorism Regulations, it shall apply

substantially similar procedures for the purpose of

determining the Controlling Persons.";

(c)

immediately after paragraph C of Section VII

thereof there shall be added the following new paragraph

"D. Temporary lack of self-certification.

In exceptional circumstances where a self-

certification cannot be obtained by a Reporting Malta

Financial Institution in respect of a New Account in time

to meet its due diligence and reporting obligations with

respect to the reporting period during which the account

was opened, the Reporting Malta Financial Institution shall

apply the due diligence procedures for Pre-existing

Accounts, until such self-certification is obtained and

validated.";

(d)

Section VIII thereof shall be amended as follows

(i) paragraph A thereof shall be substituted by

the following new paragraph

"A. Reporting Malta Financial Institution

1. The

term

"Reporting

Malta

Financial Institution" means any Malta

Financial Institution that is not a Non-

Reporting Malta Financial Institution.

2. The

term

"Malta

Financial

Institution" means

(i) any Financial Institution that is

resident in Malta, but excludes any branch of

that Financial Institution that is located

outside Malta; and

(ii) any branch of a Financial Institution

that is not resident in Malta, if such branch is

located in Malta.

3. The term "Participating Jurisdiction

Financial Institution" means

(i) any Financial Institution that is

resident in a Participating Jurisdiction, but

excludes any branch of that Financial

Institution that is located outside such

Participating Jurisdiction; and

(ii) any branch of a Financial Institution

that is not resident in a Participating

Jurisdiction, if such branch is located in such

Participating Jurisdiction.

4. The term "Financial Institution"

means a Custodial Institution, a Depository

Institution, an Investment Entity, or a

Specified Insurance Company.

5. The term "Custodial Institution"

means any Entity that holds, as a substantial

portion of its business, Financial Assets for

the account of others. An Entity holds

Financial Assets for the account of others as a

substantial portion of its business if the

Entity’s gross income attributable to the

holding of Financial Assets and related

financial services equals or exceeds twenty

percent (20%) of the Entity’s gross income

during the shorter of

(i) the three (3) year period that ends

on 31 December, or the final day of a non-

calendar year accounting period, prior to the

year in which the determination is being

made; or

(ii) the period during which the Entity

has been in existence.

6. The term "Depository Institution"

means any Entity which

(a) accepts deposits in the

ordinary course of a banking or similar

business; or

(b) holds Electronic Money or

Central Bank Digital Currencies for the

benefit of customers.

7. The term

"Investment

Entity"

means any Entity

(a) which primarily conducts as a

business one (1) or more of the following

activities or operations for, or on behalf of

a customer

(i) trading in money market

instruments, including cheques,

bills, certificates of deposit,

derivatives;

foreign

exchange;

exchange, interest rate and index

instruments; transferable securities;

or commodity futures trading;

(ii) individual and collective

portfolio management; or

(iii) otherwise

investing,

administering,

or

managing

Financial Assets, money, or

Reportable Crypto-Assets on behalf

of other persons; or

(b) the gross income of which is

primarily attributable to investing,

reinvesting, or trading in Financial Assets

or Reportable Crypto-Assets, if the Entity

is managed by another Entity that is a

Depository Institution, a Custodial

Institution, a Specified Insurance

Company, or an Investment Entity as

described in sub-paragraph A(6)(a).

An Entity is treated as primarily

conducting as a business one (1) or more

of the activities described in sub-

paragraph A(6)(a), or an Entity’s gross

income is primarily attributable to

investing, reinvesting, or trading in

Financial Assets or Reportable Crypto-

Assets for the purposes of sub-paragraph

A(6)(b), if the Entity’s gross income

attributable to the relevant activities

equals or exceeds fifty percent (50%) of

the Entity’s gross income during the

shorter of

(i) the three (3) year period

ending on 31 December of the year

preceding the year in which the

determination is made; or

(ii) the period during which the

Entity has been in existence. For the

purposes of sub-paragraph A(6)(a)(iii),

the

term

"otherwise

investing,

administering, or managing Financial

Assets, money, or Reportable Crypto-

Assets on behalf of other persons" does

not include the provision of services

effectuating Exchange Transactions for or

on behalf of customers. The term

"Investment Entity" does not include an

Entity that is an Active NFE because that

Entity meets any of the criteria referred to

in sub-paragraph D(8)(d) to (g).

This sub-paragraph shall be

interpreted in a manner consistent with

similar language established in the

definition of "financial institution" in

Directive (EU) 2015/849 of the European

Parliament and of the Council of 20 May

2015 on the prevention of the use of the

financial system for the purposes of

money laundering or terrorist financing,

amending Regulation (EU) No 648/2012

of the European Parliament and of the

Council, and repealing Directive 2005/60/

EC of the European Parliament and of the

Council and Commission Directive 2006/

70/EC.

8. The term "Financial Asset" includes

a security, including a share of stock in a

corporation; partnership or beneficial

ownership interest in a widely held or

publicly traded partnership or trust; note,

bond, debenture, or other evidence of

indebtedness,

partnership

interest,

commodity, swap, including interest rate

swaps, currency swaps, basis swaps, interest

rate caps, interest rate floors, commodity

swaps, equity swaps, equity index swaps, and

similar agreements, Insurance Contract or

Annuity Contract, or any interest, including a

futures or forward contract or option in a

security,

Reportable

Crypto-Asset,

partnership interest, commodity, swap,

Insurance Contract, or Annuity Contract. The

term "Financial Asset" does not include a

non-debt,

direct

interest

in

immovable

property.

9. The term "Specified Insurance

Company" means any Entity that is an

insurance company, or the holding company

of an insurance company, which issues, or is

obligated to make payments with respect to, a

Cash Value Insurance Contract or an Annuity

Contract.

10. For the purposes of this Annex, the

term "Electronic Money" means any product

that is

(a) a digital representation of a

single Fiat Currency;

(b) issued on the receipt of funds

for the purpose of making payment

transactions;

(c) represented by a claim on the

issuer denominated in the same Fiat

Currency;

(d) accepted in payment by a

natural or legal person other than the

issuer; and

(e) by virtue of regulatory

requirements to which the issuer is

subject, redeemable at any time and at par

value for the same Fiat Currency upon

request of the holder of the product.

The term "Electronic Money" does not

include a product created for the sole purpose

of facilitating the transfer of funds from a

customer to another person pursuant to

instructions of the customer. A product is not

created for the sole purpose of facilitating the

transfer of funds if, in the ordinary course of

business of the transferring Entity, either the

funds connected with such product are held

longer than sixty (60) days after receipt of

instructions to facilitate the transfer or, if no

instructions are received, the funds connected

with such product are held longer than sixty

(60) days after receipt of the funds.

11. The term "Fiat Currency" means the

official currency of a jurisdiction, issued by a

jurisdiction or by a jurisdiction’s designated

Central Bank or monetary authority, as

represented by physical banknotes or coins or

by money in different digital forms, including

bank reserves and Central Bank Digital

Currencies. The term also includes

commercial bank money and electronic

money products (Electronic Money).

12. The term "Central Bank Digital

Currency" means any digital Fiat Currency

issued by a Central Bank or other monetary

authority.

13. The term "Crypto-Asset" shall have

the same meaning as assigned to it in Article

3(1), point (5), of Regulation (EU) 2023/1114

of the European Parliament and of the

Council of 31 May 2023 on markets in

crypto-assets, and amending Regulations

(EU) No 1093/2010 and (EU) No 1095/2010

and Directives 2013/36/EU and (EU) 2019/

1937.

14. The term "Reportable Crypto-

Asset" means any Crypto-Asset other than a

Central Bank Digital Currency, Electronic

Money, or any Crypto-Asset for which the

Reporting Crypto-Asset Service Provider has

adequately determined that it cannot be used

for payment or investment purposes.

The term "Exchange Transaction"

means any

(a) exchange between Reportable

Crypto-Assets and Fiat Currencies; and

(b) exchange between one (1) or

more forms of Reportable Crypto-

Assets.".

(ii) point (a) of sub-paragraph B(1) thereof shall

be substituted by the following new point

"(a) a

Governmental

Entity,

International

Organisation or Central Bank, other than

(i)

with respect to a payment that is

derived from an obligation held in connection with

a commercial financial activity of a type engaged

by a Specified Insurance Company, Custodial

Institution, or Depository Institution; or

(ii) with respect to the activity of

maintaining Central Bank Digital Currencies for

Account Holders which are not Financial

Institutions, Governmental Entities, International

Organisations or Central Banks;";

(iii) paragraph C thereof shall be amended as

follows

-

sub-paragraph (2) thereof shall be substituted

by the following new sub-paragraph

"2. The term "Depository Account"

includes any commercial, checking, savings, time,

or thrift account, or an account that is evidenced by

a certificate of deposit, thrift certificate,

investment certificate, certificate of indebtedness,

or other similar instrument maintained by a

Depository Institution. A Depository Account also

includes

(a) an amount held by an insurance

company pursuant to a guaranteed investment

contract or similar agreement to pay or credit

interest therein;

(b) an account or notional account

that represents all Electronic Money held for

the benefit of a customer; and

(c) an account that holds one (1) or

more Central Bank Digital Currencies for the

benefit of a customer.";

-

sub-paragraph (9) thereof shall be substituted

by the following new sub-paragraph

"9.

The term "Pre-existing Account"

means

(a) a Financial Account maintained

by a Reporting Financial Institution as of 31

December 2015 or, if the account is treated as

a Financial Account solely by virtue of the

amendments to Directive (EU) 2023/2226 of

17 October 2023 amending Directive 2011/

16/EU made by Council Directive (EU) 2023/

2226 as of 31 December 2025;

(b) any Financial Account of an

Account Holder, regardless of the date such

Financial Account was opened, if

(i) the Account Holder also

holds a Financial Account that is a Pre-

existing Account under sub-paragraph

C(9)(a) with the Reporting Malta

Financial Institution, or with a Related

Entity within Malta;

(ii) the

Reporting

Malta

Financial Institution and, as applicable,

the Related Entity within Malta, treats

both of the aforementioned Financial

Accounts, and any other Financial

Accounts of the Account Holder that

are treated as a Pre-existing Account in

accordance with sub-paragraph C(9)(b),

as a single Financial Account for the

purpose of satisfying the standards of

knowledge requirements stipulated in

Section VII, paragraph A, and for the

purpose of determining the balance or

value of any of the Financial Accounts

when applying any of the account

thresholds;

(iii) with respect to a Financial

Account that is subject to AML/KYC

Procedures, the Reporting Malta

Financial Institution is permitted to

satisfy such AML/KYC Procedures for

the Financial Account by relying upon

the AML/KYC Procedures performed

for the Pre-existing Account described

in sub-paragraph C(9)(a); and

(iv) the opening of the Financial

Account does not require the provision

of new, additional or amended customer

information by the Account Holder

other than for the purposes of these

regulations.";

-

sub-paragraph (10) thereof shall

be

substituted by the following new sub-paragraph

"10. The term "New Account" means a

Financial Account maintained by a Reporting

Malta Financial Institution opened on, or after 1

January 2016 or, if the account is treated as a

Financial Account solely by virtue of the

amendments to Directive (EU) 2023/2226 of 17

October 2023 amending Directive 2011/16/EU on

administrative cooperation in the field of taxation,

on, or after 1 January 2026.";

-

sub-paragraph (17) thereof shall

be

substituted by the following new sub-paragraph

"17. The term "Excluded Account" means

any of the following accounts

(a) a retirement or pension account

that satisfies the following requirements

(i) the account is subject to

regulation as a personal retirement

account or is part of a registered or

regulated retirement or pension plan for

the provision of retirement or pension

benefits, including disability or death

benefits;

(ii) the account is tax-favoured,

that is, contributions to the account that

would otherwise be subject to tax are

deductible or excluded from the gross

income of the Account Holder or taxed

at a reduced rate, or taxation of

investment income from the account is

deferred or taxed at a reduced rate;

(iii) information reporting is

required to the tax authorities with

respect to the account;

(iv) withdrawals are subject to

reaching a specified retirement age,

disability, or death, or penalties apply to

withdrawals made before such specified

events; and

(v)

either

-

annual contributions are

limited to an amount denominated in

euro that corresponds to USD $50,000

or less; or

-

there is a maximum lifetime

contribution limit to the account of an

amount denominated in euro that

corresponds to USD $1,000,000 or less,

in each case applying the rules

established in paragraph C of Section

VII for account aggregation currency

translation.

A Financial Account that otherwise satisfies

the requirement of sub-paragraph C(17)(a)(v) shall

not fail to satisfy such requirement solely because

such Financial Account may receive assets or funds

transferred from one (1) or more Financial

Accounts that satisfy the requirements of sub-

paragraph C(17)(a) or (b) or from one (1) or more

retirement or pension funds that meet the

requirements of any of sub-paragraphs B(5) to (7);

(b) an account that satisfies the following

requirements

(i) the account is subject to

regulation as an investment vehicle for

purposes other than for retirement and is

regularly traded on an established

securities market, or the account is

subject to regulation as a savings vehicle

for purposes other than for retirement;

(ii) the account is tax-favoured,

that is contributions to the account that

would otherwise be subject to tax are

deductible or excluded from the gross

income of the Account Holder or taxed

at a reduced rate, or taxation of

investment income from the account is

deferred or taxed at a reduced rate;

(iii) withdrawals are subject to

satisfying specific criteria related to the

purpose of the investment or savings

account, including, the provision of

educational or medical benefits, or

penalties apply to withdrawals made

before such criteria are satisfied; and

(iv) annual contributions are

limited to an amount denominated in

euro that corresponds to USD $50,000

or less, applying the rules established in

paragraph C of Section VII for account

aggregation and currency translation.

A Financial Account that otherwise satisfies

the requirement of sub-paragraph C(17)(b)(iv)

shall not fail to satisfy such requirement solely

because such Financial Account may receive assets

or funds transferred from one (1) or more Financial

Accounts that meet the requirements of sub-

paragraph C(17)(a) or (b) or from one (1) or more

retirement or pension funds that satisfy the

requirements of any of sub-paragraphs B(5) to (7);

(c) a life insurance contract with a coverage

period that ends before the insured individual

attains age ninety (90), provided that the contract

satisfies the following requirements

(i) periodic premiums, which do

not decrease over time, are payable at

least annually during the period the

contract is in force or until the insured

attains age ninety (90), whichever

period is shorter;

(ii) the contract has no contract

value that any person may access, by

withdrawal, loan, or otherwise, without

terminating the contract;

(iii) the amount, other than a

death benefit, payable upon cancellation

or termination of the contract cannot

exceed the aggregate premiums paid for

the contract, less the sum of mortality,

morbidity, and expense charges, whether

or not actually imposed, for the periods

of the contract’s existence and any

amounts paid prior to the cancellation or

termination of the contract; and

(iv) the contract is not held by a

transferee for value;

(d) an account that is held solely by an

estate if the documentation for such account

includes a copy of the deceased’s will or death

certificate;

(e) an account established in connection

with any of the following

(i)

a court order or judgment;

(ii) sale, exchange, or lease of

immovable or personal property,

provided that the account satisfies the

following requirements

-

the account is funded

solely with a down payment,

earnest money, deposit in an

amount appropriate to secure an

obligation directly related to the

transaction, or a similar payment,

or is funded with a Financial Asset

that is deposited in the account in

connection

with

the

sale,

exchange, or lease of the property;

-

the

account

is

established and used solely to

secure the obligation of the

purchaser to pay the purchase price

for the property, the seller to pay

any contingent liability, or the

lessor or lessee to pay for any

damages relating to the leased

property as agreed in accordance

with the lease contract;

-

the assets of the account,

including the income earned

thereon, shall be paid or otherwise

distributed for the benefit of the

purchaser, seller, lessor, or lessee,

including to satisfy such person’s

obligation, when the property is

sold, exchanged, or surrendered, or

the lease terminates;

- the account is not a margin

or similar account established in

connection with a sale or exchange

of a Financial Asset; and

- the account is not

associated with an account

described

in

sub-paragraph

C(17)(f);

(iii) an obligation of a Financial

Institution servicing a loan secured by

immovable property to set aside a

portion of a payment solely to facilitate

the payment of taxes or insurance

related to the immovable property at a

later time;

(iv) an obligation of a Financial

Institution solely to facilitate the

payment of taxes at a later time;

(v) a foundation or capital

increase of a company provided that the

account

satisfies

the

following

requirements

-

the

account

is

used

exclusively to deposit capital that

is to be used for the purposes of the

foundation or capital increase of a

company, as prescribed by law;

-

any amounts held in the

account shall be blocked until the

Reporting Financial Institution

obtains

an

independent

confirmation

regarding

the

foundation or capital increase;

-

the account is closed or

transformed into an account in the

name of the company after the

foundation or capital increase;

-

any

repayments

resulting from a failed foundation

or capital increase, net of service

provider and similar fees, are made

solely to the persons who

contributed the amounts; and

-

the account has not been

established more than twelve (12)

months ago;

(e) a Depository Account that represents all

Electronic Money held for the benefit of a

customer, if the rolling average ninety (90) days

end-of-day aggregate account balance or value

during any period of ninety (90) consecutive days

did not exceed USD $10,000 at any day during the

calendar year or other appropriate reporting period;

(f) a Depository Account that satisfies the

following requirements

(i) the account exists solely

because a customer makes a payment in

excess of a balance due with respect to a

credit card or other revolving credit

facility and the overpayment is not

immediately returned to the customer;

and

(ii) beginning on, or before 1

January 2016, the Financial Institution

implemented policies and procedures

either to prevent a customer from

making an overpayment in excess of an

amount denominated in euro that

corresponds to USD $50,000, or to

ensure that any customer overpayment

in excess of that amount is refunded to

the customer within sixty (60) days, in

each case applying the rules established

in paragraph C of Section VII for

currency translation. For this purpose, a

customer overpayment does not refer to

credit balances to the extent of disputed

charges but does include credit balances

resulting from merchandise returns;

(g) a Depository Account that represents all

Electronic Money held for the benefit of a

customer, if the rolling average ninety (90) days

end-of-day aggregate account balance or value

during any period of ninety (90) consecutive days

did not exceed USD $10,000 at any day during the

calendar year or other appropriate reporting period;

(h) any other account that presents a low

risk of being used to evade tax, has substantially

similar characteristics to any of the accounts

described in sub-paragraphs C(17)(a) to (f), and is

included in the list of Excluded Accounts referred

to in Article 8(7a) of the EU Administrative

Cooperation Directive, provided that the status of

such account as an Excluded Account does not

frustrate the purposes of the said Directive.";

(iv) sub-paragraph D(2) thereof shall

be

substituted by the following new sub-paragraph

"2. The term "Reportable Person" means a

Member State Person other than

(a) an Entity the stock of which is

regularly traded on one (1) or more established

securities markets;

(b)

any Entity that is a Related Entity of an

Entity described in point (a);

(c)

a Governmental Entity;

(d)

an International Organisation;

(e)

a Central Bank; or

(f)

a Financial Institution.";

(v)

paragraph E thereof shall be amended as

follows

- in the Maltese version only the words "It-

terminu "TIN"" shall be substituted by the words "It-

terminu "NIT"";

- immediately after sub-paragraph (6) thereof

there shall be added the following new sub-

paragraph

"7. The term "Identification Service" means an

electronic process made available free of charge by a

Member State or the Union to a Reporting Malta Financial

Institution for the purpose of ascertaining the identity and

tax residence of an Account Holder or Controlling

Person.";

(e)

sub-paragraph (2) of Section IX thereof shall be

substituted by the following new sub-paragraph

"(2) rules requiring Reporting Malta Financial

Institutions to keep records of the steps undertaken and any

evidence relied upon for the performance of the above

indicated procedures and adequate measures to obtain

those records, provided that such records shall be retained

for not longer than is necessary to achieve the purposes of

these regulations but in any event not less than five (5)

years.";

(f)

immediately after Section IX thereof there shall be

added the following new Section

"SECTION X

TRANSITIONAL MEASURES

Notwithstanding sub-paragraphs A(1)(b) and (6a) of Section I,

with respect to each Reportable Account that is maintained by a

Reporting Malta Financial Institution as of 31 December 2025 and for

reporting periods ending by the second calendar year following such

date, information with respect to the roles by virtue of which each

Reportable Person is a Controlling Person or Equity Interest holder of

the Entity is only required to be reported if such information is

available in the electronically searchable data maintained by the

Reporting Malta Financial Institution.".

15. Annex V to the principal regulations shall be amended as Amends Annex

V to the

principal

regulations.

(a)

Section I thereof shall be amended as follows

(i) sub-paragraph A(8) thereof shall

be

substituted by the following new sub-paragraph

"8.

Effective Qualifying Competent Authority

Agreement" means an agreement between the competent

authority in Malta and a non-Union jurisdiction that

requires the automatic exchange of information

equivalent to that specified in paragraph B of Section III

as confirmed by an implementing act of the EU

Administrative Cooperation Directive and in relation to

which such non-Union jurisdiction is identified in the list

published by the Commissioner on the website of the

Commissioner for Tax and Customs under the provisions

of article 96(2) of the Income Tax Act.";

(ii) immediately after paragraph C(9) thereof

there shall be added the following new sub-paragraph

"10. "Identification Service" means an electronic

process made available free of charge by a Member State

or the Union to a Reporting Malta Platform Operator for

the purpose of ascertaining the identity and tax residence

of a Seller.";

(b)

sub-paragraph B(3) of Section II thereof shall be

deleted;

(c)

Section III thereof shall be amended as follows

(i) sub-paragraph A(4) thereof shall

be

substituted by the following new sub-paragraph

"4. Notwithstanding the provisions of paragraph

A(3), a Reporting Malta Platform Operator shall not be

required to provide the information established in

paragraph B with respect to Qualified Relevant Activities,

covered by an Effective Qualifying Competent Authority

Agreement, which already provides for the automatic

exchange of equivalent information with Malta on

Reportable Sellers resident in Malta.";

(ii) immediately after paragraph B(4) thereof

there shall be added the following new paragraph

"5. Notwithstanding the provisions of sub-

paragraph B(2)(a), and sub-paragraph B(3)(a), the

Reporting Malta Platform Operator shall not be required to

report the information items required to be collected in

accordance with paragraph B of Section II, when it reports

to a competent authority that uses an Identification Service

and relies on direct confirmation of the identity and

residence of the Seller through an Identification Service

made available by a Member State or the Union to

ascertain the identity and all tax residencies of the Seller.

In case the Reporting Malta Platform Operator relied on an

Identification Service to ascertain the identity and all tax

residencies of a Reportable Seller, the name, Identification

Service identifiers and the Member States of issuance shall

be reported.".

Immediately after Annex V to the principal regulations

there shall be added the following new Annex

"ANNEX VI

REPORTING REQUIREMENTS, DUE DILIGENCE

PROCEDURES AND OTHER RULES APPLICABLE TO

REPORTING CRYPTO-ASSET SERVICE PROVIDERS

This Annex establishes the reporting requirements, due

diligence procedures and other rules which shall be applied by the

Reporting Malta Crypto-Asset Service Providers in order to enable

Malta to communicate, by automatic exchange, the information

referred to in Article 8ad of the EU Administrative Cooperation

Directive. This Annex also establishes the rules and administrative

procedures that Malta has in place in order to ensure the effective

implementation of, and compliance with the reporting requirements

and the due diligence procedures set out therein.

SECTION I

OBLIGATIONS OF REPORTING CRYPTO-ASSET

SERVICE PROVIDERS

A. A Reporting Malta Crypto-Asset Service Provider as

defined in sub-paragraph B(3) of Section IV, is subject to the

reporting and due diligence requirements established in Sections II

and III, respectively, in Malta, if

1. it is an Entity authorised by the Malta Financial

Services Authority as the competent authority in accordance

with Article 63 of Regulation (EU) 2023/1114 or allowed to

provide Crypto-Asset Services following a notification to a

Member State in accordance with Article 60 of the said

Regulation; or

2. not an Entity authorised by the Malta Financial

Services Authority as the competent authority in accordance

with Article 63 of Regulation (EU) 2023/1114 or allowed to

provide Crypto-Asset Services following a notification to the

Malta Financial Services Authority as competent authority in

accordance with Article 60 of the said Regulation and it is

(a) an Entity or individual resident for tax

purposes in Malta;

(b)

an Entity that

(i) is incorporated or organised under the laws of

Malta; and

(ii) has legal personality in Malta or has an

obligation to file tax returns or tax information

returns in Malta with respect to the income of the

Entity;

(c)

an Entity managed from Malta; or

(d) an Entity or individual that has a regular place

of business in a Malta.

B. A Reporting Malta Crypto-Asset Service Provider shall be

subject to the reporting and due diligence requirements established in

Sections II and III, respectively, in Malta with respect to Reportable

Transactions effectuated through a Branch based in Malta.

C. A Reporting Malta Crypto-Asset Service Provider that is

an Entity is not required to complete the reporting and due diligence

requirements established in Sections II and III, respectively, in Malta

if it falls within scope of sub-paragraph A(2)(b), (c) or (d), if those

requirements are completed by such Reporting Malta Crypto-Asset

Service Provider in any other Member State or in a Qualified Non-

Union Jurisdiction by virtue of it being resident for tax purposes in

such Member State or Qualified Non-Union Jurisdiction.

D. A Reporting Malta Crypto-Asset Service Provider that is

an Entity is not required to complete the reporting and due diligence

requirements established in Sections II and III, respectively, in Malta

if it falls within the scope of sub-paragraph A(2)(c) or (d), if those

requirements are completed by such Reporting Malta Crypto-Asset

Service Provider in any other Member State or in a Qualified Non-

Union Jurisdiction by virtue of it being an Entity that

(a)

is incorporated or organised under the laws of such

Member State or Qualified Non-Union Jurisdiction; and

(b) has legal personality in the other Member State or

Qualified Non-Union Jurisdiction or has an obligation to file tax

returns or tax information returns to the tax authorities in the

other Member State or Qualified Non-Union Jurisdiction with

respect to the income of the Entity.

E. A Reporting Malta Crypto-Asset Service Provider that is

an Entity is not required to complete the reporting and due diligence

requirements established in Sections II and III, respectively, in Malta

if it falls within scope of sub-paragraph A(2)(d), if those requirements

are completed by such Reporting Crypto-Asset Service Provider in

any other Member State or in a Qualified Non-Union Jurisdiction by

virtue of it being managed from such Member State or Qualified Non-

Union Jurisdiction.

F. A Reporting Crypto-Asset Service Provider that is an

individual is not required to complete the reporting and due diligence

requirements established in Sections II and III, respectively, in Malta

if it falls within scope of sub-paragraph A(2)(d), if those requirements

are completed by such Reporting Crypto-Asset Service Provider in

any other Member State or in a Qualified Non-Union Jurisdiction by

virtue of it being resident for tax purposes in such Member State or

Qualified Non-Union Jurisdiction.

G. A Reporting Crypto-Asset Service Provider is not required

to complete the reporting and due diligence requirements established

in Sections II and III, respectively, in Malta if it falls within the scope

of sub-paragraph A(2)(a), (b), (c) or (d), if it has filed a notification

with the Commissioner for Tax and Customs in such form as the

Commissioner may determine, confirming that those requirements are

completed by such Reporting Crypto-Asset Service Provider under

the rules of any other Member State or Qualified Non-Union

Jurisdiction pursuant to criteria that are substantially similar to sub-

paragraph A(2)(a), (b), (c) or (d), respectively.

H. A Reporting Crypto-Asset Service Provider is not required

to complete the reporting and due diligence requirements established

in Sections II and III, respectively, in Malta with respect to

Reportable Transactions it effectuates through a Branch in any other

Member State or Qualified Non-Union Jurisdiction, if those

requirements are completed by such Branch in such other Member

State or Qualified Non-Union Jurisdiction.

SECTION II

REPORTING REQUIREMENTS

A. A Reporting Malta Crypto-Asset Service Provider within

the meaning of Section I, paragraphs A and B, shall report the

information mentioned in paragraph B of this Section to the

competent authority of Malta, where it is subject to reporting

requirements in accordance with Section I.

B. For each relevant calendar year or other appropriate

reporting period, and subject to the obligations of Reporting Malta

Crypto-Asset Service Providers established in Section I and the due

diligence procedures established in Section III, a Reporting Crypto-

Asset Service Provider shall report the following information with

respect to its Crypto-Asset Users that are Reportable Users or that

have Controlling Persons that are Reportable Persons

1. the name, address, Member States of residence,

TINs and, in the case of an individual, date and place of birth of

each Reportable User and, in the case of any Entity that, after

application of the due diligence procedures established in

Section III, is identified as having one (1) or more Controlling

Persons that is a Reportable Person, the name, address, Member

States of residence and TINs of the Entity and the name,

address, Member States of residence, TINs and date and place

of birth of each Controlling Person of the Entity that is a

Reportable Person, as well as the roles by virtue of which each

such Reportable Person is a Controlling Person of the Entity;

Notwithstanding sub-paragraph B(1), first sub-paragraph,

where the Reporting Malta Crypto-Asset Service Provider

reports to a competent authority that uses an Identification

Service and relies on direct confirmation of the identity and

residence of the Reportable Person through an Identification

Service made available by a Member State or the Union to

ascertain the identity and all tax residencies of the Reportable

Person, the information to be reported regarding the Reportable

Person is the name, the Identification Service identifiers and the

Member States of issuance, as well as the roles by virtue of

which each Reportable Person is a Controlling Person of the

Entity;

2. the name, address, TIN and, if available, the

individual identification number referred to in regulation

13(13)(e) and the global legal entity identifier of the Reporting

Crypto-Asset Service Provider;

3. for each type of Reportable Crypto-Asset with

respect to which the Reporting Malta Crypto-Asset Service

Provider has effectuated Reportable Transactions during the

relevant calendar year or other appropriate reporting period,

where relevant

(a) the full name of the type of Reportable

Crypto-Asset;

(b) the aggregate gross amount paid, the

aggregate number of units and the number of Reportable

Transactions in respect of acquisitions against Fiat

Currency;

(c) the aggregate gross amount received, the

aggregate number of units and the number of Reportable

Transactions in respect of disposals against Fiat Currency;

(d) the aggregate fair market value, the aggregate

number of units and the number of Reportable

Transactions in respect of acquisitions against other

Reportable Crypto-Assets;

(e) the aggregate fair market value, the aggregate

number of units and the number of Reportable

Transactions in respect of disposals against other

Reportable Crypto-Assets;

(f) the aggregate fair market value, the aggregate

number of units and the number of Reportable Retail

Payment Transactions;

(g) the aggregate fair market value, the aggregate

number of units and the number of Reportable

Transactions, and subdivided by transfer type where

known by the Reporting Malta Crypto-Asset Service

Provider, in respect of Transfers to the Reportable User not

covered by points (b) and (d);

(h) the aggregate fair market value, the aggregate

number of units and the number of Reportable

Transactions, and subdivided by transfer type where

known by the Reporting Malta Crypto-Asset Service

Provider, in respect of Transfers by the Reportable User

not covered by points (c), (e) and (f); and

(i) the aggregate fair market value, as well as the

aggregate number of units of Transfers effectuated by the

Reporting Malta Crypto-Asset Service Provider to

distributed ledger addresses referred to in Regulation (EU)

2023/1114 not known to be associated with a virtual asset

service provider or financial institution.

For the purposes of sub-paragraph B(3), points (b) and (c),

the amount paid or received shall be reported in the Fiat

Currency in which it was paid or received. In case the amounts

were paid or received in multiple Fiat Currencies, the amounts

shall be reported in a single currency, converted at the time of

each Reportable Transaction in a manner that is consistently

applied by the Reporting Malta Crypto-Asset Service Provider.

For the purposes of sub-paragraph B(3), points (d) to (i),

the fair market value shall be determined and reported in a

single currency, valued at the time of each Reportable

Transaction in a manner that is consistently applied by the

Reporting Malta Crypto-Asset Service Provider.

The information reported shall identify the Fiat Currency

in which each amount is reported.

C.

Notwithstanding sub-paragraph B(1), the place of

birth is not required to be reported unless the Reporting Malta

Crypto-Asset Service Provider is otherwise required to obtain

and report it under domestic law.

D.

The information listed in paragraph B shall be

reported annually in the calendar year following the year to

which the information relates. The first information shall be

reported for the relevant calendar year or other appropriate

reporting period as from 1 January 2026.

E.

Notwithstanding paragraphs A and D of this

Section, a Reporting Malta Crypto-Asset Service Provider

within the meaning of Section I, sub-paragraph A(2), point (a),

(b), (c) or (d), shall not be required to provide the information

listed in paragraph B of this Section with respect to a Reportable

User or Controlling Person for which the Reporting Malta

Crypto-Asset Service Provider completes the reporting of such

information in a non-Union jurisdiction that is covered by an

Effective Qualifying Competent Authority Agreement with the

Member State of residence of such Reportable User or such

Controlling Person.

SECTION III

DUE DILIGENCE PROCEDURES

A Crypto-Asset User is treated as a Reportable User beginning

as of the date when it is identified as such in accordance with the due

diligence procedures described in this Section.

A.

Due diligence procedures for Individual Crypto-Asset

Users

The following procedures apply for the purpose of determining

whether the Individual Crypto-Asset User is a Reportable User.

1. When establishing the relationship with the Individual

Crypto-Asset User, or with respect to Pre-existing Individual Crypto-

Asset Users by 1 January 2027, the Reporting Malta Crypto-Asset

Service Provider shall obtain a self-certification that allows the

Reporting Malta Crypto-Asset Service Provider to determine the

Individual Crypto-Asset User’s residences for tax purposes and

confirm the reasonableness of such self-certification based on the

information obtained by the Reporting Malta Crypto-Asset Service

Provider, including any documentation collected in accordance with

Customer Due Diligence Procedures.

2. If at any point there is a change of circumstances with

respect to an Individual Crypto-Asset User that causes the Reporting

Malta Crypto-Asset Service Provider to know, or have reason to

know, that the original self-certification is incorrect or unreliable, the

Reporting Malta Crypto-Asset Service Provider cannot rely on the

original self-certification and shall obtain a valid self-certification, or

a reasonable explanation and, where appropriate, documentation

supporting the validity of the original self-certification.

B.

Due diligence procedures for Entity Crypto-Asset Users

The following procedures apply for the purpose of determining

whether the Entity Crypto-Asset User is a Reportable User or an

Entity, other than an Excluded Person or an Active Entity, with one

(1) or more Controlling Persons who are Reportable Persons.

1. Determining whether the Entity Crypto-Asset User is a

Reportable Person.

(a)

When establishing the relationship with the Entity

Crypto-Asset User, or with respect to Pre-existing Entity

Crypto-Assets Users by 1 January 2027, the Reporting Malta

Crypto-Asset Service Provider shall obtain a self-certification

that allows the Reporting Malta Crypto-Asset Service Provider

to determine the Entity Crypto-Asset User’s residences for tax

purposes and confirm the reasonableness of such self-

certification based on the information obtained by the Reporting

Malta Crypto-Asset Service Provider, including any

documentation collected in accordance with Customer Due

Diligence Procedures. If the Entity Crypto-Asset User certifies

that it has no residence for tax purposes, the Reporting Malta

Crypto-Asset Service Provider may rely on the place of

effective management or the address of the principal office to

determine the residence of the Entity Crypto-Asset User.

(b) If the self-certification indicates that the Entity

Crypto-Asset User is resident in a Member State, the Reporting

Malta Crypto-Asset Service Provider shall treat the Entity

Crypto-Asset User as a Reportable User, unless it reasonably

determines based on the self-certification or on information in

its possession or that is publicly available, that the Entity

Crypto-Asset User is an Excluded Person.

2. Determining whether the Entity has one (1) or more

Controlling Persons who are Reportable Persons. With respect to an

Entity Crypto-Asset User, other than an Excluded Person, the

Reporting Malta Crypto-Asset Service Provider shall determine

whether it has one (1) or more Controlling Persons who are

Reportable Persons, unless it determines that the Entity Crypto-Asset

User is an Active Entity, based on a self-certification from the Entity

Crypto-Asset User.

(a)

Determining the Controlling Persons of the Entity

Crypto-Asset User. For the purpose of determining the

Controlling Persons of the Entity Crypto-Asset User, a

Reporting Crypto-Asset Service Provider may rely on

information collected and maintained in accordance with the

Customer Due Diligence Procedures, provided that such

procedures are consistent with Directive (EU) 2015/849. If the

Reporting Malta Crypto-Asset Service Provider is not legally

required to apply Customer Due Diligence Procedures that are

consistent with Directive (EU) 2015/849, it shall apply

substantially similar procedures for the purpose of determining

the Controlling Persons.

(b) Determining whether a Controlling Person of an

Entity Crypto-Asset User is a Reportable Person. For the

purpose of determining whether a Controlling Person is a

Reportable Person, a Reporting Malta Crypto-Asset Service

Provider shall rely on a self-certification from the Entity

Crypto-Asset User or such Controlling Person that allows the

Reporting Malta Crypto-Asset Service Provider to determine

the Controlling Person’s residences for tax purposes and

confirm the reasonableness of such self-certification based on

the information obtained by the Reporting Crypto-Asset Service

Provider, including any documentation collected pursuant to

Customer Due Diligence Procedures.

3. If at any point there is a change of circumstances with

respect to an Entity Crypto-Asset User or its Controlling Persons that

causes the Reporting Malta Crypto-Asset Service Provider to know,

or have reason to know, that the original self-certification is incorrect

or unreliable, the Reporting Malta Crypto-Asset Service Provider

cannot rely on the original self-certification and shall obtain a valid

self-certification, or a reasonable explanation and, where appropriate,

documentation supporting the validity of the original self-

certification.

C.

Requirements for validity of self-certifications

1. A self-certification provided by an Individual Crypto-

Asset User or Controlling Person is valid only if it is signed or

otherwise positively affirmed by the Individual Crypto-Asset User or

Controlling Person, it is dated at the latest at the date of receipt and it

contains the following information with respect to the Individual

Crypto-Asset User or Controlling Person

(a)

first and last name;

(b)

residence address;

(c)

Member States of residence for tax purposes;

(d) with respect to each Reportable Person, the TIN

with respect to each Member State;

(e)

date of birth.

2. A self-certification provided by an Entity Crypto-Asset

User is valid only if it is signed or otherwise positively affirmed by

the Entity Crypto-Asset User, it is dated at the latest at the date of

receipt and it contains the following information with respect to the

Entity Crypto-Asset User

(a)

legal name;

(b)

address;

(c)

Member States of residence for tax purposes;

(d) with respect to each Reportable Person, the TIN

with respect to each Member State;

(e)

in the case of an Entity Crypto-Asset User other than

an Active Entity or an Excluded Person, the information

described in sub-paragraph C(1) with respect to each

Controlling Person of the Entity Crypto-Asset User, unless such

Controlling Person has provided a self-certification in

accordance with sub-paragraph C(1), as well as the roles by

virtue of which each Reportable Person is a Controlling Person

of the Entity, if not already determined on the basis of Customer

Due Diligence Procedures;

(f)

if applicable, information as to the criteria it meets

to be treated as an Active Entity or Excluded Person.

D.

General due diligence requirements

1. A Reporting Malta Crypto-Asset Service Provider that is

also a Financial Institution for the purposes of these regulations may

rely on the due diligence procedures completed in accordance with

Sections IV and VI of Annex I for the purposes of the due diligence

procedures pursuant to this Section. A Reporting Malta Crypto-Asset

Service Provider may also rely on a self-certification already

collected for other tax purposes, provided such self-certification

meets the requirements of paragraph C of this Section.

2. A Reporting Malta Crypto-Asset Service Provider may

rely on a third party to fulfil the due diligence obligations set out in

this Section, but such obligations remain the responsibility of the

Reporting Malta Crypto-Asset Service Provider.

SECTION IV

DEFINED TERMS

The following terms have the meaning established below

A.

Reportable Crypto-Asset

1. "Crypto-Asset" means crypto-asset as defined in

Article 3(1), point (5), of Regulation (EU) 2023/1114.

2. "Central Bank Digital Currency" means any digital

Fiat Currency issued by a Central Bank or other monetary

authority.

3. "Central Bank" means an institution that is by law or

government sanction the principal authority, other than the

government of the jurisdiction itself, issuing instruments

intended to circulate as currency. Such an institution may

include an instrumentality that is separate from the government

of the jurisdiction, whether or not totally or partially owned by

the jurisdiction.

4. "Reportable Crypto-Asset" means any Crypto-Asset

other than a Central Bank Digital Currency, Electronic Money,

or any Crypto-Asset for which the Reporting Crypto-Asset

Service Provider has adequately determined that it cannot be

used for payment or investment purposes.

5. For the purposes of this Annex, "Electronic Money"

means any Crypto-Asset that is

(a)

a digital representation of a single Fiat

Currency;

(b) issued on the receipt of funds for the purpose

of making payment transactions;

(c) represented by a claim on the issuer

denominated in the same Fiat Currency;

(d) accepted in payment by a natural or legal

person other than the issuer; and

(e) by virtue of regulatory requirements to which

the issuer is subject, redeemable at any time and at par

value for the same Fiat Currency upon request of the

holder of the product.

The term "Electronic money" does not include a product

created for the sole purpose of facilitating the transfer of funds

from a customer to another person pursuant to instructions of

the customer. A product is not created for the sole purpose of

facilitating the transfer of funds if, in the ordinary course of

business of the transferring Entity, either the funds connected

with such product are held longer than sixty (60) days after

receipt of instructions to facilitate the transfer or, if no

instructions are received, the funds connected with such product

are held longer than sixty (60) days after receipt of the funds.

B.

Reporting Crypto-Asset Service Provider

1. "Crypto-Asset Service Provider" means crypto-asset

service provider as defined in Article 3(1), point (15), of

Regulation (EU) 2023/1114.

2. "Crypto-Asset Operator" means a provider of

Crypto-Asset Services other than a Crypto-Asset Service

Provider.

3. "Reporting Crypto-Asset Service Provider" means

any Crypto-Asset Service Provider and any Crypto-Asset

Operator that conducts one (1) or more Crypto-Asset Services

effectuating Exchange Transactions for, or on behalf of a

Reportable User.

4. "Crypto-Asset Service" means crypto-asset service

as defined in Article 3(1), point (16), of Regulation (EU) 2023/

1114, including staking and lending.

C.

Reportable Transaction

1. "Reportable Transaction" means any

(a)

Exchange Transaction; and

(b)

Transfer of Reportable Crypto-Assets.

2. "Exchange Transaction" means any

(a) exchange between Reportable Crypto-Assets

and Fiat Currencies; and

(b) exchange between one (1) or more forms of

Reportable Crypto-Assets.

3. "Reportable Retail Payment Transaction" means a

Transfer of Reportable Crypto-Assets in consideration of goods

or services for a value exceeding $USD 50,000 or the equivalent

amount in any other currency.

4. "Transfer" means a transaction that moves a

Reportable Crypto-Asset from, or to the Crypto-Asset address

or account of one (1) Crypto-Asset User, other than one

maintained by the Reporting Crypto-Asset Service Provider on

behalf of the same Crypto-Asset User where, based on the

knowledge available to the Reporting Crypto-Asset Service

Provider at the time of transaction, the Reporting Crypto-Asset

Service Provider cannot determine that the transaction is an

Exchange Transaction.

5. "Fiat Currency" means the official currency of a

jurisdiction, issued by a jurisdiction or by a jurisdiction’s

designated Central Bank or monetary authority, as represented

by physical banknotes or coins or by money in different digital

forms, including bank reserves and Central Bank Digital

Currencies. The term also includes commercial bank money and

electronic money products (Electronic Money).

D.

Reportable User

1. "Reportable User" means a Crypto-Asset User that

is a Reportable Person resident in a Member State.

2. "Crypto-Asset User" means an individual or Entity

that is a customer of a Reporting Crypto-Asset Service Provider

for the purpose of carrying out Reportable Transactions. An

individual or Entity, other than a Financial Institution or a

Reporting Crypto-Asset Service Provider, acting as a Crypto-

Asset User for the benefit or account of another individual or

Entity as agent, custodian, nominee, signatory, investment

advisor, or intermediary, is not treated as a Crypto-Asset User,

and such other individual or Entity is treated as the Crypto-

Asset User. Where a Reporting Crypto-Asset Service Provider

provides a service effectuating Reportable Retail Payment

Transactions for, or on behalf of a merchant, the Reporting

Crypto-Asset Service Provider shall also treat the customer that

is the counterparty to the merchant for such Reportable Retail

Payment Transactions as the Crypto-Asset User with respect to

such Reportable Retail Payment Transaction, provided that the

Reporting Crypto-Asset Service Provider is required to verify

the identity of such customer by virtue of the Reportable Retail

Payment Transaction in accordance with domestic anti-money

laundering rules.

3. "Individual Crypto-Asset User" means a Crypto-

Asset User that is an individual.

4. "Pre-existing Individual Crypto-Asset User" means

an Individual Crypto-Asset User that has established a

relationship with the Reporting Crypto-Asset Service Provider

as of 31 December 2025.

5. "Entity Crypto-Asset User" means a Crypto-Asset

User that is an Entity.

6. "Pre-existing Entity Crypto-Asset User" means an

Entity Crypto-Asset User that has established a relationship

with the Reporting Crypto-Asset Service Provider as of 31

December 2025.

7. "Reportable Person" means a Member State Person

other than an Excluded Person.

8. "Member State Person" with regard to Malta means

an Entity or individual that is resident in any other Member

State under the tax laws of such Member State, or an estate of a

deceased person who was a resident of any Member State. For

that purpose, an Entity such as a partnership, limited liability

partnership or similar legal arrangement that has no residence

for tax purposes shall be treated as resident in the jurisdiction in

which its place of effective management is situated.

9. "Controlling Persons" means the natural persons

who exercise control over an Entity. In the case of a trust, such

term means the settlors, the trustees, the protectors, if any, the

beneficiaries or classes of beneficiaries, and any other natural

persons exercising ultimate effective control over the trust, and

in the case of a legal arrangement other than a trust, such term

means persons in equivalent or similar positions. The term

"Controlling Persons" must be interpreted in a manner

consistent with the definition of "Beneficial Owner" contained

in regulation 2 as well as that contained in regulation 2 of the

Prevention of Money Laundering and Funding of Terrorism S.L. 373.01.

Regulations, and the level of control shall also be determined in

line with such definitions, as far as Reporting Crypto-Asset

Service Providers are concerned.

10. "Active Entity" means any Entity that meets any of

the following criteria

(a) less than fifty per cent (50%) of the Entity’s

gross income for the preceding calendar year or other

appropriate reporting period is passive income and less

than fifty per cent (50%) of the assets held by the Entity

during the preceding calendar year or other appropriate

reporting period are assets that produce or are held for the

production of passive income;

(b) substantially all of the activities of the Entity

consist of holding, in whole or in part, the outstanding

stock of, or providing financing and services to, one (1) or

more subsidiaries that engage in trades or businesses other

than the business of a Financial Institution, except that an

Entity does not qualify for this status if the Entity

functions, or holds itself out, as an investment fund, such

as a private equity fund, venture capital fund, leveraged

buyout fund, or any investment vehicle whose purpose is

to acquire or fund companies and then hold interests in

those companies as capital assets for investment purposes;

(c) the Entity is not yet operating a business and

has no prior operating history, but is investing capital into

assets with the intent to operate a business other than that

of a Financial Institution, provided that the Entity does not

qualify for this exception after the date that is twenty-four

(24) months after the date of the initial organisation of the

Entity;

(d) the Entity was not a Financial Institution in

the past five (5) years and is in the process of liquidating

its assets or is reorganising with the intent to continue or

recommence operations in a business other than that of a

Financial Institution;

(e) the Entity primarily engages in financing and

hedging transactions with, or for Related Entities that are

not Financial Institutions, and does not provide financing

or hedging services to any Entity that is not a Related

Entity, provided that the group of any such Related Entities

is primarily engaged in a business other than that of a

Financial Institution; or

(f) the Entity meets all of the following

requirements

(i) it is established and operated in its

jurisdiction of residence exclusively for religious,

charitable, scientific, artistic, cultural, athletic, or

educational purposes; or it is established and

operated in its jurisdiction of residence, and it is a

professional organisation, business league,

chamber of commerce, labour organisation,

agricultural or horticultural organisation, civic

league or an organisation operated exclusively for

the promotion of social welfare;

(ii) it is exempt from income tax in its

jurisdiction of residence;

(iii) it has no shareholders or members who

have a proprietary or beneficial interest in its

income or assets;

(iv) the applicable laws of the Entity’s

jurisdiction of residence or the Entity’s formation

documents do not permit any income or assets of

the Entity to be distributed to, or applied for the

benefit of, a private person or non-charitable Entity

other than pursuant to the conduct of the Entity’s

charitable activities, or as payment of reasonable

compensation for services rendered, or as payment

representing the fair market value of property

which the Entity has purchased; and

(v) the applicable laws of the Entity’s

jurisdiction of residence or the Entity’s formation

documents require that, upon the Entity’s

liquidation or dissolution, all of its assets be

distributed to a Governmental Entity or other non-

profit organisation, or transferred to the

government of the Entity’s jurisdiction of residence

or any political subdivision thereof.

Excluded Person

1. "Excluded Person" means

(a)

an Entity the stock of which is regularly traded on

one (1) or more established securities markets;

(b) any Entity that is a Related Entity of an Entity

described in point (a);

(c)

a Governmental Entity;

(d)

an International Organisation;

(e)

a Central Bank; or

(f)

a Financial Institution other than an Investment

Entity described in sub-paragraph E(5), point (b).

2. "Financial Institution" means a Custodial Institution, a

Depository Institution, an Investment Entity, or a Specified Insurance

Company.

3. "Custodial Institution" means any Entity that holds, as a

substantial portion of its business, Financial Assets for the account of

others. An Entity holds Financial Assets for the account of others as a

substantial portion of its business if the Entity’s gross income

attributable to the holding of Financial Assets and related financial

services equals to, or exceeds twenty per cent (20%) of the Entity’s

gross income during the shorter of

(i)

the three (3) year period that ends on 31st

December, or the final day of a non-calendar year accounting

period, prior to the year in which the determination is being

made; or

(ii) the period during which the Entity has been in

existence.

4. "Depository Institution" means any Entity that

(a)

accepts deposits in the ordinary course of a banking

or similar business; or

(b) holds Electronic Money or Central Bank Digital

Currencies for the benefit of customers.

5. "Investment Entity" means any Entity

(a)

that primarily conducts as a business one (1) or more

of the following activities or operations for, or on behalf of a

customer

(i) trading in money market instruments

(cheques, bills, certificates of deposit, derivatives, etc.);

foreign exchange; exchange, interest rate and index

instruments; transferable securities; or commodity futures

trading;

(ii) individual

and

collective

portfolio

management; or

(iii) otherwise investing, administering, or

managing Financial Assets, money, or Reportable Crypto-

Assets on behalf of other persons; or

(b) the gross income of which is primarily attributable

to investing, reinvesting, or trading in Financial Assets or

Reportable Crypto-Assets, if the Entity is managed by another

Entity that is a Depository Institution, a Custodial Institution, a

Specified Insurance Company, or an Investment Entity

described in sub-paragraph E(5), point (a).

An Entity is treated as primarily conducting as a business

one (1) or more of the activities described in sub-paragraph

E(5), point (a), or an Entity’s gross income is primarily

attributable to investing, reinvesting, or trading in Financial

Assets or Reportable Crypto-Assets for the purposes of sub-

paragraph E(5), point (b), if the Entity’s gross income

attributable to the relevant activities equals to or exceeds fifty

per cent (50%) of the Entity’s gross income during the shorter

of

(i) the three (3) year period ending on 31st

December of the year preceding the year in which the

determination is made; or

(ii) the period during which the Entity has been in

existence.

For the purposes of sub-paragraph E(5), point (a)(iii), the

term "otherwise investing, administering, or managing

Financial Assets, money, or Reportable Crypto-Assets on behalf

of other persons" does not include the provision of services

effectuating Exchange Transactions for or on behalf of

customers. The term "Investment Entity" does not include an

Entity that is an Active Entity because it meets any of the

criteria in sub-paragraph D(10), points (b) to (e).

This sub-paragraph shall be interpreted in a manner

consistent with the similar language stipulated in the definition

of "financial institution" in Article 3, point (2), of Directive

(EU) 2015/849 on the prevention of the use of the financial

system for the purposes of money laundering or terrorist

financing.

6. "Specified Insurance Company" means any Entity that is

an insurance company, or the holding company of an insurance

company, that issues, or is obligated to make payments with respect

to, a Cash Value Insurance Contract or an Annuity Contract.

7. "Governmental Entity" means the government of a

jurisdiction, any political subdivision of a jurisdiction, which for the

avoidance of doubt, includes a state, province, county, or

municipality, or any wholly owned agency or instrumentality of a

jurisdiction or of any one or more of the foregoing. This category is

comprised of the integral parts, controlled entities, and political

subdivisions of a jurisdiction.

(a)

An "integral part" of a jurisdiction means any

person, organisation, agency, bureau, fund, instrumentality, or

other body, however designated, that constitutes a governing

authority of a jurisdiction. The net earnings of the governing

authority shall be credited to its own account or to other

accounts of the jurisdiction, with no portion inuring to the

benefit of any private person. An integral part does not include

any individual who is a sovereign, official, or administrator

acting in a private or personal capacity.

(b) A "controlled entity" means an Entity that is

separate in form from the jurisdiction or that otherwise

constitutes a separate juridical entity, provided that

(i) the Entity is wholly owned and controlled by

one or more Governmental Entities directly or through one

(1) or more controlled entities;

(ii) the Entity’s net earnings are credited to its

own account or to the accounts of one (1) or more

Governmental Entities, with no portion of its income

inuring to the benefit of any private person; and

(iii) the Entity’s assets vest in one (1) or more

Governmental Entities upon dissolution.

(c)

Income does not inure to the benefit of private

persons if such persons are the intended beneficiaries of a

governmental programme, and the programme activities are

performed for the general public with respect to the common

welfare or relate to the administration of some phase of

government. Notwithstanding the foregoing however, income is

considered to inure to the benefit of private persons if the

income is derived from the use of a governmental entity to

conduct a commercial business, such as a commercial banking

business, that provides financial services to private persons.

8. "International Organisation" means any international

organisation or wholly owned agency or instrumentality thereof. This

category includes any intergovernmental organisation, including a

supranational organisation

(a)

that is comprised primarily of governments;

(b) that has in effect a headquarters or substantially

similar agreement with the jurisdiction; and

(c)

the income of which does not inure to the benefit of

private persons.

9. "Financial Asset" includes a security, for example, a share

of stock in a corporation; partnership or beneficial ownership interest

in a widely held or publicly traded partnership or trust; note, bond,

debenture, or other evidence of indebtedness, partnership interest,

commodity, swap, for example, interest rate swaps, currency swaps,

basis swaps, interest rate caps, interest rate floors, commodity swaps,

equity swaps, equity index swaps, and similar agreements, Insurance

Contract or Annuity Contract, or any interest, including a futures or

forward contract or option, in a security, Reportable Crypto-Asset,

partnership interest, commodity, swap, Insurance Contract, or

Annuity Contract. The term "Financial Asset" does not include a non-

debt, direct interest in real property.

10. "Equity Interest" means, in the case of a partnership that is

a Financial Institution, either a capital or profits interest in the

partnership. In the case of a trust that is a Financial Institution, an

Equity Interest is considered to be held by any person treated as a

settlor or beneficiary of all or a portion of the trust, or any other

natural person exercising ultimate effective control over the trust. A

Reportable Person shall be treated as being a beneficiary of a trust if

such Reportable Person has the right to receive directly or indirectly,

for example, through a nominee, a mandatory distribution or may

receive, directly or indirectly, a discretionary distribution from the

trust.

11. "Insurance Contract" means a contract, other than an

Annuity Contract, under which the issuer agrees to pay an amount

upon the occurrence of a specified contingency involving mortality,

morbidity, accident, liability, or property risk.

12. "Annuity Contract" means a contract under which the

issuer agrees to make payments for a period of time totally or

paartially determined by reference to the life expectancy of one (1) or

more individuals. The term also includes a contract that is considered

to be an Annuity Contract in accordance with the laws, regulations ,

or practices of the Member State or other jurisdiction in which the

contract was issued, and under which the issuer agrees to make

payments for a term of years.

13. "Cash Value Insurance Contract” means an Insurance

Contract, other than an indemnity reinsurance contract between two

(2) insurance companies, that has a Cash Value.

14. "Cash Value" means the greater of

(i) the amount that the policyholder is entitled to

receive upon surrender or termination of the contract,

determined without reduction for any surrender charge or

policy loan; and

(ii) the amount the policyholder can borrow

under or with regard to the contract. Notwithstanding the

foregoing, the term "Cash Value" does not include an

amount payable under an Insurance Contract

(a)

solely by reason of the death of an individual

insured under a life insurance contract;

(b) as a personal injury or sickness benefit or other

benefit providing indemnification of an economic loss incurred

upon the occurrence of the event insured against;

(c)

as a refund of a previously paid premium, less cost

of insurance charges whether or not actually imposed, under an

Insurance Contract, other than an investment-linked life

insurance or annuity contract, due to cancellation or termination

of the contract, decrease in risk exposure during the effective

period of the contract, or arising from the correction of a posting

or similar error with regard to the premium for the contract;

(d) as a policyholder dividend, other than a termination

dividend, provided that the diidend relates to an Insurance

Contract under which the only benefits payable are described in

point (b); or

(e)

as a return of an advance premium or premium

deposit for an Insurance Contract for which the premium is

payable at least annually if the amount of the advance premium

or premium deposit does not exceed the next annual premium

that shall be payable under the contract.

F.

Miscellaneous

1. "Customer Due Diligence Procedures" means the customer

due diligence procedures of a Reporting Crypto-Asset Service

Provider pursuant to Directive (EU) 2015/849 or similar requirements

to which such Reporting Crypto- Asset Service Provider is subject.

2. "Entity" means a legal person or a legal arrangement, such

as a corporation, partnership, trust, or foundation.

3. An Entity is a "Related Entity" of another Entity if either

Entity controls the other Entity, or the two (2) Entities are under

common control. For this purpose, control includes direct or indirect

ownership of more than 50% of the vote and value in an Entity.

4. "Branch" means a unit, business or office of a Reporting

Crypto-Asset Service Provider that is treated as a branch under the

regulatory regime of a jurisdiction or that is otherwise regulated

under the laws of a jurisdiction as separate from other offices, units,

or branches of the Reporting Crypto-Asset Service Provider. All

units, businesses, or offices of a Reporting Crypto-Asset Service

Provider in a single jurisdiction shall be treated as a single branch.

5. "Effective Qualifying Competent Authority Agreement"

means an agreement between the competent authorities of a Member

State and a non-Union jurisdiction that requires the automatic

exchange of information corresponding to that specified in Section II,

paragraph B, of this Annex, as determined by an implementing act in

accordance with Article 8ad(11) of the EU Administrative

Cooperation Directive.

6. "Qualified Non-Union Jurisdiction" means a non-Union

jurisdiction that has in effect an Effective Qualifying Competent

Authority Agreement with the competent authorities of all Member

States which are identified as reportable jurisdictions in a list

published by the non-Union jurisdiction.

7. "TIN" means Taxpayer Identification Number, or

functional equivalent in the absence of a Taxpayer Identification

Number. The TIN is any number or code that a competent authority

uses to identify a taxpayer.

8. "Identification Service" means an electronic process made

available free of charge by Malta or the Union to a Reporting Crypto-

Asset Service Provider for the purpose of ascertaining the identity

and tax residence of a Crypto-Asset User.

SECTION V

EFFECTIVE IMPLEMENTATION

A. Rules to enforce the collection

and

verification

requirements established in Section III

1. Reporting Malta Crypto-Asset Service Providers

shall enforce the collection and verification requirements in

accordance with Section III in relation to their Crypto-Asset

Users.

2. Where a Crypto-Asset User does not provide the

information required under Section III after two (2) reminders

following the initial request by the Reporting Malta Crypto-

Asset Service Provider, but not prior to the expiration of sixty

(60) days, the Reporting Malta Crypto-Asset Service Provider

shall prevent the Crypto-Asset User from performing

Reportable Transactions.

B. Rules requiring Reporting Malta Crypto-Asset Service

Providers to keep records of the steps undertaken and any information

relied upon for the performance of the reporting requirements and due

diligence procedures and adequate measures to obtain those records.

1. Reporting Malta Crypto-Asset Service Providers

shall keep records of the steps undertaken and any information

relied upon for the performance of the reporting requirements

and due diligence procedures stipulated in Sections II and III,

respectively. Such records shall remain available for a

sufficiently long period of time and in any event for a period of

not less than five (5) years but not more than ten (10) years

following the end of the period within which the Reporting

Malta Crypto-Asset Service Provider is required to report the

information if the information is reportable pursuant to Section

II.

2. Reporting Malta Crypto-Asset Service Providers

shall ensure that all necessary information is reported to the

Commissioner so that the competent authority of Malta can

comply with the obligation to communicate information in

accordance with regulation 13(13)(c).

C. Administrative procedures to verify compliance of

Reporting Malta Crypto-Asset Service Providers with the reporting

requirements and due diligence procedures

Administrative procedures shall be set to verify the compliance

of Reporting Malta Crypto-Asset Service Providers with the reporting

requirements and due diligence procedures stipulated in Sections II

and III, respectively.

D. Administrative procedures to follow up with Reporting

Malta Crypto-Asset Service Providers where incomplete or

inaccurate information is reported

Procedures shall be set for following up with Reporting Malta

Crypto-Asset Service Providers where the reported information is

incomplete or inaccurate.

E. Administrative procedure for authorisation of a Crypto-

Asset Service Provider

The Malta Financial Services Authority, being the competent

authority of Malta providing authorisation to Crypto-Asset Service

Providers in accordance with Regulation (EU) 2023/1114 and the

Markets in Crypto-Assets Act shall communicate on a regular basis Cap. 647.

and at the latest before 31 December of the relevant calendar year or

other appropriate reporting period to the competent authority of Malta

a list of all authorised Crypto-Asset Service Providers.

F. Administrative procedure for single registration of a

Crypto-Asset Operator

1. A Crypto-Asset Operator that is a Reporting Malta Crypto-

Asset Service Provider as defined in Section IV, sub-paragraph B(3),

shall register, in accordance with regulation 13(13)(e), with the

Commissioner, as determined in accordance with Section I, sub-

paragraph A(2), point (a), (b), (c) or (d), or paragraph B, before the

end of the period within which such Crypto-Asset Operator shall

report the information stipulated in Section II, paragraph B. If such

Crypto-Asset Operator fulfils the conditions in Section I, sub-

paragraph A(2), point (a), (b), (c) or (d), or paragraph B, respectively,

in more than one Member State, it shall register with the competent

authority of one of those Member States, before the end of the period

within which the Crypto-Asset Operator shall report the information

stipulated in Section II, paragraph B.

Notwithstanding sub-paragraph F(1), first sub-paragraph, a

Crypto-Asset Operator that is a Reporting Crypto-Asset Service

Provider as defined in Section IV, sub-paragraph B(3), shall not

register with the competent authority of a Member State in which

such Crypto-Asset Operator is not required to complete the reporting

and due diligence requirements established in Sections II and III,

respectively, pursuant to Section I, paragraph C, D, E, F, G or H, by

virtue of such requirements being completed by such Crypto-Asset

Operator in any other Member State.

2. If Malta is the Member State chosen for the purposes of

single registration, determined in accordance with sub-paragraph

F(1), upon registration, the Crypto-Asset Operator shall communicate

to the Commissioner the following information

(a)

name;

(b)

postal address;

(c)

electronic addresses, including websites;

(d)

any TIN issued to the Crypto-Asset Operator;

(e) Member States in which Reportable Users are

residents within the meaning of Section III, paragraphs A

and B;

(f) any Qualified Non-Union Jurisdiction as

referred to in Section I, paragraphs C, D, E, F or H.

3. The Crypto-Asset Operator shall notify the Commissioner

of any changes in the information provided under sub-paragraph F(2).

4. An individual identification number shall be allocated to

the Crypto-Asset Operator and the competent authority of Malta shall

notify it to the competent authorities of all Member States by

electronic means.

5. If Malta is the Member State for single registration, the

Commissioner shall be able to remove a Crypto-Asset Operator from

the Crypto-Asset Operator register in the following cases

(a)

the

Crypto-Asset

Operator

notifies

the

Commissioner that it no longer has Reportable Users in the

Union;

(b) in the absence of a notification pursuant to point (a),

there are grounds to assume that the activity of a Crypto-Asset

Operator has ceased;

(c)

the Crypto-Asset Operator no longer meets the

conditions established in Section IV, sub-paragraph B(2);

(d) the Commissioner has revoked the registration

pursuant to sub-paragraph F(7).

6. The competent authority of Malta shall forthwith notify the

Commission of any Crypto-Asset Operator within the meaning of

Section IV, sub-paragraph B(2), that has Reportable Users resident in

the Union while failing to register itself in accordance with this

paragraph.

7. Where a Crypto-Asset Operator does not comply with the

obligation to report in accordance with Section II, paragraph B, of

this Annex after two (2) reminders by the Commissioner, if Malta is

the Member State of single registration, the Commissioner shall,

without prejudice to Regulation 53, revoke the registration of the

Crypto-Asset Operator made in accordance with regulation 13(13)(e).

The registration shall be revoked not later than ninety (90) days after

the second reminder and not earlier than thirty (30) days after the

second reminder.".

€6.30

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kwalunkwe wieħed mill-kontijiet li ġejjin

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benefiċċji ta’ diżabilità jew mewt;

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jiġifieri,

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tal-introjtu minn investiment mill-kont

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lil awtoritajiet tat-taxxa fir-rigward tal-

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(v)

jew

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f’euro

li

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jissodisfa r-rekwiżit tas-subparagrafu

Ċ(17)(a)(v) ma għandux jonqos milli

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jista’ jirċievi assi jew fondi trasferiti

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B(5) sa (7);

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(i) il-kont

huwa

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irtirar u jiġi nnegozjat b’mod regolari f’suq

tat-titoli stabbilit, jew il-kont huwa soġġett

għal regolamentazzjoni bħala strument ta’

tfaddil għal finijiet oħra għajr għall-irtirar;

(ii) il-kont jibbenifika minn benefiċċji

tat-taxxa, jiġifieri, kontribuzzjonijiet għall-

kont li kienu jkunu xort’oħra soġġetti għat-

taxxa, jiġu mnaqqsa jew esklużi mill-introjtu

gross tad-Detentur tal-Kont jew intaxxati

b’rata mnaqqsa, jew l-intaxxar tal-introjtu

minn investiment mill-kont ikun differit jew

intaxxat b’rata mnaqqsa;

(iii) il-ġbid tal-flus huwa soġġett għall-

kondizzjoni li jissodisfa kriterji speċifiċi dwar

il-fini tal-kont ta’ investiment jew ta’ tfaddil,

l-għoti ta’ benefiċċji edukattivi jew mediċi,

jew il-penali japplikaw għall-ġbid tal-flus li

jsir qabel ma jiġu ssodisfatti dawn il-kriterji ;

u

(iv) il-kontribuzzjonijiet annwali huma

limitati għal ammont denominat f’euro li

jikkorrispondi għal USD $50,000 jew inqas,

billi japplikaw ir-regoli stabbiliti fil-paragrafu

Ċ tat-Taqsima VII għall-aggregazzjoni tal-

kontijiet u l-qlib tal-munita.

Kont Finanzjarju li xort’oħra jissodisfa

r-rekwiżit tas-subparagrafu Ċ(17)(b)(iv) ma

għandux jonqos milli jissodisfa tali rekwiżit

unikament minħabba li tali Kont Finanzjarju

jista’ jirċievi assi jew fondi trasferiti minn

Kont Finanzjarju wieħed (1) jew aktar li

jissodisfa

r-rekwiżiti

tas-subparagrafu

Ċ(17)(a) jew (b) jew minn wieħed (1) jew

aktar mill-fondi tal-irtirar jew tal-pensjoni li

jissodisfaw ir-rekwiżiti ta’ kwalunkwe

wieħed mis-subparagrafi B(5) sa (7);

(ċ) kuntratt tal-assigurazzjoni fuq il-

ħajja b’perjodu ta’ kopertura li jintemm qabel

ma l-individwu assigurat jilħaq l-età ta’

disgħin (90) sena, sakemm il-kuntratt

jissodisfa r-rekwiżiti li ġejjin

(i) premiums perjodiċi, li ma jonqsux

matul iż-żmien, ikunu pagabbli mill-inqas

kull sena matul il-perjodu li l-kuntratt ikun

fis-seħħ jew sakemm l-assigurat jilħaq l-età

ta’ disgħin (90) sena, skont liema perjodu

jkun l-iqsar;

(ii) il-kuntratt ma għandu l-ebda valur

tal-kuntratt li kwalunkwe persuna jista’

jkollha aċċess għalih, permezz ta’ ġbid ta’

flus, self jew xort’oħra, mingħajr ma jiġi

tterminat il-kuntratt;

(iii) l-ammont, għajr benefiċċju tal-

mewt, pagabbli mal-kanċellazzjoni jew

terminazzjoni tal-kuntratt ma jistax jeċċedi l-

aggregat ta’ premiums imħallsa għall-

kuntratt, mingħajr is-somma ta’ mortalità,

morbożità, u ħlasijiet għal spejjeż, jekk

attwalment imposti jew xort’oħra, għall-

perjodi tal-eżistenza tal-kuntratt u kwalunkwe

ammonti mħallsa qabel il-kanċellazzjoni jew

it-terminazzjoni tal-kuntratt; u

(iv) il-kuntratt ma jinżammx minn

ċessjonarju għall-valur;

(d) kont li jinżamm unikament minn

patrimonju jekk id-dokumentazzjoni għal tali kont

tinkludi kopja tat-testment jew iċ-ċertifikat tal-

mewt tal-persuna mejta;

(e) kont stabbilit b’konnessjoni

ma’

kwalunkwe waħda minn dawn li ġejjin

(i)

ordni jew sentenza tal-qorti;

(ii) bejgħ, skambju, jew kiri ta’

proprjetà mmobbli jew personali, diment li l-

kont jissodisfa r-rekwiżiti li ġejjin

-

il-kont

huwa

ffinanzjat

unikament bi ħlas parzjali, kapparra,

depożitu f’ammont xieraq sabiex jiġi

żgurat obbligu direttament marbut mat-

tranżazzjoni, jew ħlas simili, jew huwa

ffinanzjat b’Assi Finanzjarji li huma

ddepożitati fil-kont b’konnessjoni mal-

bejgħ, l-iskambju, jew il-kiri tal-

proprjetà;

-

il-kont huwa stabbilit u użat

unikament sabiex jiġi żgurat l-obbligu

tax-xerrej li jħallas il-prezz għax-xiri

tal-proprjetà, li l-bejjiegħ iħallas

kwalunkwe obbligazzjoni kontinġenti,

jew li sid il-kera jew il-kerrej iħallas

għal kwalunkwe danni li jirrigwardaw

il-proprjetà mikrija kif miftiehem skont

il-kuntratt tal-kera;

-

l-assi tal-kont, inkluż l-

introjtu rikavat fuqhom, għandhom

jitħallsu jew xort’oħra jitqassmu għall-

benefiċċju tax-xerrej, il-bejjiegħ, sid il-

kera, jew il-kerrej, inkluż sabiex jiġi

ssodisfat l-obbligu ta’ tali persuna, meta

tinbiegħ, tiġi skambjata jew ċeduta l-

proprjetà, jew tintemm il-kirja;

-

il-kont ma huwiex marġni jew

kont simili stabbilit b’rabta ma’ bejgħ

jew skambju ta’ Assi Finanzjarji; u

-

il-kont ma huwiex assoċjat

ma’ kont deskritt fis-subparagrafu

Ċ(17)(f);

(iii) obbligu ta’ Istituzzjoni Finanzjarja

li tagħti servizz ta’ self garantit minn

proprjetà immobbli sabiex jitwarrab fil-ġenb

porzjon ta’ pagament unikament sabiex jiġi

ffaċilitat il-ħlas ta’ taxxa jew assigurazzjoni

relatata ma’ proprjetà immobbli aktar tard;

(iv) obbligu ta’ Istituzzjoni Finanzjarja

unikament sabiex jiġi ffaċilitat il-ħlas ta’

taxxi aktar tard;

(v) fondazzjoni jew żieda kapitali ta’

kumpanija diment li l-kont jissodisfa r-

rekwiżiti li ġejjin

-

il-kont

jintuża

esklussivament għad-depożitu ta’

kapital li għandu jintuża għall-

finijiet tal-fondazzjoni jew taż-

żieda fil-kapital ta’ kumpanija, kif

preskritt bil-liġi;

-

kwalunkwe ammonti

miżmuma fil-kont għandhom jiġu

mblukkati sakemm l-Istituzzjoni

Finanzjarja Rapportanti tikseb

konferma indipendenti rigward il-

fondazzjoni jew iż-żieda kapitali;

-

il-kont jingħalaq jew jiġi

ttrasformat f’kont f’isem il-

kumpanija wara l-fondazzjoni jew

iż-żieda fil-kapital;

-

kwalunkwe ħlasijiet lura

li jirriżultaw minn fondazzjoni jew

minn żieda fil-kapital li ma

rnexxitx, netti mill-fornitur tas-

servizz u tariffi simili, isiru biss

lill-persuni li kkontribwew l-

ammonti; u

-

il-kont ma jkunx ilu li

ġie stabbilit iktar minn tnax (12)-il

xahar;

(e) Kont Depożitarju li jirrappreżenta l-Flus

Elettroniċi kollha miżmuma għall-benefiċċju ta’

klijent, jekk il-medja rikorrenti ta’ disgħin (90) jum

tal-bilanċ jew tal-valur aggregat tal-kont fi tmiem

il-jum matul kwalunkwe perjodu ta’ disgħin (90)

jum konsekuttiv ma qabiżx USD $10,000 fi

kwalunkwe jum matul is-sena kalendarja jew

perjodu ta’ rapportar xieraq ieħor;

(f)

Kont Depożitarju li jissodisfa r-rekwiżiti

li ġejjin

(i) il-kont jeżisti biss minħabba

li klijent jagħmel pagament żejjed minn

bilanċ dovut fir-rigward ta’ karta ta’

kreditu jew faċilità oħra ta’ overdraft u

l-pagament żejjed ma jiġix irritornat lura

minnufih għand il-klijent; u

(ii) fl-1 ta’ Jannar 2016 jew

qabel,

l-Istituzzjoni

Finanzjarja

implimentat politiki u proċeduri jew

sabiex timpedixxi lil klijent milli

jagħmel pagament żejjed ogħla minn

ammont

denominat

fl-euro

li

jikkorrispondi għal USD $50,000, jew

sabiex tiżgura li kwalunkwe pagament

żejjed ta’ klijent, ogħla minn dak l-

ammont jiġi rimborżat lill-klijent fi

żmien sittin (60) jum, f’kull każ jiġu

applikati r-regoli stabbiliti fil-paragrafu

Ċ tat-Taqsima VII u għall-qlib tal-

munita. Għal din il-fini, pagament żejjed

ta’ klijent ma jirreferix għal bilanċi tal-

kreditu sal-punt ta’ imposti kkontestati

iżda jinkludi bilanċi tal-kreditu li

jirriżultaw mir-ritorn ta’ merkanzija;

(g) Kont Depożitarju li jirrappreżenta l-Flus

Elettroniċi kollha miżmumin għall-benefiċċju ta’

klijent, jekk il-medja rikorrenti ta’ disgħin (90) jum

bilanċ tal-kont jew valur matul kwalunkwe perjodu

ta’ disgħin (90) jum konsekuttivi sal-aħħar jum tal-

bilanċ totali tal-kont ma qabiżx USD $10,000 fi

kwalunkwe jum matul is-sena kalendarja jew

perjodu ieħor xieraq ta’ rappurtar;

(h) kwalunkwe kont ieħor li jippreżenta

riskju baxx sabiex jintuża għall-evażjoni tat-taxxa,

ikollu karatteristiċi sostanzjalment simili għal

kwalunkwe wieħed mill-kontijiet deskritti fis-

subparagrafi Ċ(17)(a) sa (f), u huwa inkluż fil-lista

ta’ Kontijiet Esklużi msemmija fl-Artikolu 8(7a)

tad-Direttiva tal-UE dwar il-Kooperazzjoni

Amministrattiva, sakemm l-istatus ta’ tali kont

bħala Kont Eskluż ma jxekkilx il-finijiet tal-

imsemmija Direttiva.";

(iv) is-subparagrafu D(2) tagħha għandu jiġi

sostitwit bis-subparagrafu ġdid li ġej

"2. It-terminu "Persuna Rapportabbli" jfisser

Persuna ta’ Stat Membru għajr

(a) Entità li l-istokk tagħha jiġi nnegozjat

regolarment f’suq tat-titoli stabbilit wieħed (1) jew

aktar;

(b) kwalunkwe Entità li tkun

Entità

Relatata ma’ Entità deskritta fil-punt (a);

(ċ)

Entità Governattiva;

(d)

Organizzazzjoni Internazzjonali;

(e)

Bank Ċentrali; jew

(f)

Istituzzjoni Finanzjarja.";

(v)

il-paragrafu E tagħha għandu jiġi emendat kif

- fis-subparagrafu (5) tiegħu l-kliem "It-terminu

"TIN"" għandhom jiġu sostitwiti bil-kliem "It-

terminu "NIT"";

- minnufih wara s-subparagrafu (6) tiegħu

għandu jiġi miżjud is-subparagrafu ġdid li ġej

"7. It-terminu "Servizz ta’ Identifikazzjoni"

jfisser proċess elettroniku magħmul disponibbli

mingħajr ħlas minn Stat Membru jew l-Unjoni lil

Istituzzjoni Finanzjarja Rapportanti f’Malta għall-

fini li tiġi aċċertata l-identità u residenza għat-taxxa

ta’ Detentur ta’ Kont jew Persuna Kontrollanti.";

(e)

il-partita (2) tat-Taqsima IX tiegħu għandha tiġi

sostitwita bil-partita ġdida li ġejja

"(2) regoli li jeħtieġu li l-Istituzzjoni Finanzjarja

Rapportanti f’Malta żżomm rekords tal-passi li ttieħdu u

kwalunkwe prova invokata għat-twettiq tal-proċeduri

hawn fuq indikati u miżuri adegwati biex jinkisbu dawk ir-

rekords kemm-il darba tali rekords jinżammu għal perjodu

mhux itwal minn dak neċessarju sabiex jintlaħqu l-

għanijiet ta’ dawn ir-regolamenti iżda, fi kwalunkwe każ,

mhux inqas minn ħames (5) snin.";

(f)

minnufih wara t-Taqsima IX tiegħu għandha tiġi

miżjuda t-Taqsima ġdida li ġejja

"TAQSIMA X

MIŻURI TRANŻIZZJONALI

Minkejja s-subparagrafi A(1)(b) A(6a) tat-Taqsima I, fir-

rigward ta’ kull Kont Rapportabbli li jinżamm minn Istituzzjoni

Finanzjarja Rapportanti f’Malta mill-31 ta’ Diċembru 2025 u għal

perjodi rapportanti li jagħlqu sat-tieni sena kalendarja wara tali data,

l-informazzjoni fir-rigward tar-rwoli li bis-saħħa tagħhom kull

Persuna Rapportabbli tkun Persuna Kontrollanti jew Detentur ta’

Interess ta’ Ekwità tal-Entità tkun meħtieġa li tirrapporta biss jekk tali

informazzjoni tkun disponibbli fid-data li tkun tista’ tiġi mfittxa

elettronikament, miżmuma mill-Istituzzjoni Finanzjarja Rapportanti

f’ Malta.".

15. L-Anness V tar-regolamenti prinċipali għandu jiġi emendat Jemenda l-

Anness V li

jinsab mar-

regolamenti

prinċipali.

(a)

it-Taqsima I tiegħu għandha tiġi emendata kif ġej

(i) is-subparagrafu A(8) tagħha għandu jiġi

sostitwit bis-subparagrafu ġdid li ġej

"8. "Ftehim bejn l-Awtoritajiet Kompetenti

Kwalifikanti Effettiv" tfisser ftehim bejn l-awtorità

kompetenti f’Malta u ġurisdizzjoni mhux tal-Unjoni li

jeħtieġ l-iskambju awtomatiku ta’ informazzjoni

ekwivalenti għal dak speċifikat fil-paragrafu B tat-

Taqsima III kif ikkonfermat minn att ta’

implimentazzjoni tad-Direttiva tal-UE dwar il-

Kooperazzjoni Amministrattiva u li fir-rigward tagħha

tali ġurisdizzjoni mhux tal-Unjoni hi identifikata fil-lista

ppubblikata mill-Kummissarju fuq is-sit elettroniku tal-

Kummissarju tat-Taxxa u Dwana skont id-

dispożizzjonijiet tal-artikolu 96(2) tal-Att dwar it-Taxxa

fuq l-Income.";

(ii) minnufih wara l-paragrafu Ċ(9) tagħha

għandu jiġi miżjud is-subparagrafu ġdid li ġej

"10. "Servizz ta’ Identifikazzjoni" tfisser proċess

elettroniku li jsir disponibbli mingħajr ħlas minn Stat

Membru jew l-Unjoni lil Operatur ta’ Pjattaforma

Rapportanti ta’ Malta għall-fini li tiġi aċċertata l-identità u

r-residenza tat-taxxa ta’ Bejjiegħ.";

(b) is-subparagrafu B(3) tat-Taqsima II tiegħu għandu

jiġi mħassar;

it-Taqsima III tiegħu għandha tiġi emendata kif ġej

(i) is-subparagrafu A(4) tagħha għandu jiġi

sostitwit bis-subparagrafu ġdid li ġej

"4. Minkejja d-dispożizzjonijiet tas-subparagrafu

A(3), Operatur ta’ Pjattaforma Rapportanti f’Malta ma

għandux ikun meħtieġ jipprovdi l-informazzjoni stabbilita

fil-paragrafu B fir-rigward ta’ Attivitajiet Rilevanti

Kwalifikati, koperti minn Ftehim bejn l-Awtoritajiet

Kompetenti Kwalifikanti Effettiv, li diġà jipprovdu għall-

iskambju awtomatiku ta’ informazzjoni ekwivalenti ma’

Malta dwar Bejjiegħa Rapportabbli residenti f’Malta.";

(ii) minnufih wara l-paragrafu B(4) tagħha

għandu jiġi miżjud is-subparagrafu ġdid li ġej

"5. Minkejja d-dispożizzjonijiet tal-paragrafi

B(2)(a) u B(3)(a), l-Operatur ta’ Pjattaforma

Rapportanti f’Malta ma għandux ikun meħtieġ

jirrapporta l-elementi ta’ informazzjoni li jeħtieġ

jinġabru skont il-paragrafu B tat-Taqsima II, meta

jirrapporta lil awtorità kompetenti li tuża Servizz ta’

Identifikazzjoni u jiddependi fuq konferma diretta

tal-identità u tar-residenza tal-Bejjiegħ permezz ta’

Servizz ta’ Identifikazzjoni magħmul disponibbli

minn Stat Membru jew mill-Unjoni sabiex jiġu

aċċertati l-identità u r-residenzi kollha tat-taxxa tal-

Bejjiegħ. F’każ li l-Operatur ta’ Pjattaforma

Rapportanti f’Malta jkun qagħad fuq Servizz ta’

Identifikazzjoni sabiex jaċċerta l-identità u r-

residenzi tat-taxxa kollha ta’ Bejjiegħ Rapportabbli,

għandhom jiġu rrapportati l-isem, l-identifikaturi tas-

Servizz ta’ Identifikazzjoni u l-Istati Membri tal-

ħruġ.".

16. Minnufih wara l-Anness V li jinsab mar-regolamenti

prinċipali għandu jiġi miżjud l-Anness ġdid li ġej

"ANNESS VI

REKWIŻITI TA’ RAPPORTAR, PROĊEDURI TA’ DILIĠENZA

DOVUTA U REGOLI OĦRAJN APPLIKABBLI GĦALL-

FORNITURI TA’ SERVIZZI TAL-KRIPTOASSI RAPPORTANTI

Dan l-Anness jistabbilixxi r-rekwiżiti ta’ rapportar, il-proċeduri

ta’ diliġenza dovuta u regoli oħrajn li għandhom jiġu applikati mill-

Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta sabiex Malta,

permezz ta’ skambju awtomatiku, tkun tista’ tikkomunika l-

informazzjoni msemmija fl-Artikolu 8ad tad-Direttiva tal-UE dwar il-

Kooperazzjoni Amministrattiva. Dan l-Anness jistabbilixxi wkoll ir-

regoli u l-proċeduri amministrattivi li Malta għandha fis-seħħ sabiex

tiżgura l-implimentazzjoni effettiva u l-konformità mar-rekwiżiti ta’

rapportar u tal-proċeduri ta’ diliġenza dovuta stipulati fih.

TAQSIMA I

OBBLIGI TAL-FORNITURI TA’ SERVIZZI TAL-KRIPTOASSI

RAPPORTANTI

A. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti mfissra fis-

subparagrafu B(3) tat-Taqsima IV, huwa soġġett għar-rekwiżiti ta’

rapportar u ta’ diliġenza dovuta stabbiliti fit-Taqsimiet II u III,

rispettivament, f’Malta, jekk

1. ikun Entità awtorizzata mill-Awtorità għas-Servizzi

Finanzjarji ta’ Malta bħala l-awtorità kompetenti skont l-

Artikolu 63 tar-Regolament (UE) 2023/1114 jew jitħalla

jipprovdi Servizzi tal-Kriptoassi wara notifika lil Stat Membru

skont l-Artikolu 60 tal-imsemmi Regolament; jew

2. ma jkunx Entità awtorizzata mill-Awtorità għas-

Servizzi Finanzjarji ta’ Malta bħala l-awtorità kompetenti skont

l-Artikolu 63 tar-Regolament (UE) 2023/1114 jew jitħalla

jipprovdi Servizzi tal-Kriptoassi wara notifika lill-Awtorità

għas-Servizzi Finanzjarji ta’ Malta skont l-Artikolu 60 tal-

imsemmi Regolament u jkun

(a) Entità jew resident individwali għall-finijiet

ta’ taxxa f’Malta;

(b)

Entità li

(i) tkun inkorporata jew organizzata skont il-

liġijiet ta’ Malta; u

(ii) ikollha personalità ġuridika f’Malta jew

ikollha obbligu li tippreżenta dikjarazzjonijiet tat-

taxxa jew dikjarazzjonijiet ta’ informazzjoni dwar it-

taxxa f’Malta fir-rigward tal-introjtu tal-Entità;

(ċ)

Entità ġestita minn Malta; jew

(d) Entità jew individwu li għandu post regolari

tan-negozju f’Malta.

B. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta

għandu jkun soġġett għar-rekwiżiti ta’ rapportar u ta’ diliġenza

dovuta stabbiliti fit-Taqsimiet II u III, rispettivament, f’Malta fir-

rigward ta’ Tranżazzjonijiet Rapportabbli mwettqa permezz ta’

Fergħa bbażata f’Malta.

Ċ.

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta li

jkun Entità ma huwiex meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u

ta’ diliġenza dovuta stabbiliti fit-Taqsimiet II u III, rispettivament,

f’Malta jekk jaqa’ fl-ambitu tas-subparagrafu A(2)(b), (ċ) jew (d),

jekk dawk ir-rekwiżiti jkunu sodisfatti minn tali Fornitur ta’ Servizzi

tal-Kriptoassi Rapportanti ta’ Malta fi kwalunkwe Stat Membru ieħor

jew f’Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni oħra bis-saħħa tal-

fatt li jkun residenti f’tali Stat Membru jew Ġurisdizzjoni Kwalifikata

Mhux tal-Unjoni għall-finijiet ta’ taxxa.

D. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta li

jkun Entità ma huwiex meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u

ta’ diliġenza dovuta stabbiliti fit-Taqsimiet II u III, rispettivament,

f’Malta jekk jaqa’ fl-ambitu tas-subparagrafu A(2)(ċ) jew (d), jekk

dawk ir-rekwiżiti jkunu sodisfatti minn tali Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta jew fi kwalunkwe Stat Membru ieħor

jew f’Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni oħra bis-saħħa li

jkun Entità li

(a)

tkun inkorporata jew organizzata skont il-liġijiet ta’

tali Stat Membru jew Ġurisdizzjoni Kwalifikata Mhux tal-

Unjoni; u

(b) ikollha personalità ġuridika fl-Istat Membru l-ieħor

jew il-Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni l-oħra jew

ikollha obbligu li tippreżenta d-dikjarazzjonijiet tat-taxxa jew

dikjarazzjonijiet tal-informazzjoni dwar it-taxxa lill-awtoritajiet

tat-taxxa fl-Istat Membru l-ieħor jew il-Ġurisdizzjoni

Kwalifikata Mhux tal-Unjoni l-oħra fir-rigward tal-introjtu tal-

Entità.

E. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta li

jkun Entità ma huwiex meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u

ta’ diliġenza dovuta stabbiliti fit-Taqsimiet II u III, rispettivament,

f’Malta jekk jaqa’ fl-ambitu tas-subparagrafu A(2)(d), jekk dawk ir-

rekwiżiti jkunu sodisfatti minn tali Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti fi kwalunkwe Stat Membru ieħor jew Ġurisdizzjoni

Kwalifikata Mhux tal-Unjoni oħra bis-saħħa tal-fatt li jkun ġestit

minn tali Stat Membru jew f’Ġurisdizzjoni Kwalifikata Mhux tal-

Unjoni.

F. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti li jkun

individwu ma huwiex meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u ta’

diliġenza dovuta stabbiliti fit-Taqsimiet II u III, rispettivament,

f’Malta jekk jaqa’ fl-ambitu tas-subparagrafu A(2)(d), jekk dawk ir-

rekwiżiti jkunu sodisfatti minn tali Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti fi kwalunkwe Stat Membru ieħor jew f’Ġurisdizzjoni

Kwalifikata Mhux tal-Unjoni oħra bis-saħħa tal-fatt li jkun residenti

f’tali Stat Membru jew f’Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni

għall-finijiet ta’ taxxa.

G. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti ma huwiex

meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u ta’ diliġenza dovuta

stabbiliti fit-Taqsimiet II u III, rispettivament, f’Malta jekk jaqa’ fl-

ambitu tas-subparagrafu A(2) (a), (b), (ċ) jew (d), jekk ikun

ippreżenta notifika mal-Kummissarju tat-Taxxa u d-Dwana f’tali

format kif il-Kummissarju jista’ jiddetermina, li jikkonferma li dawk

ir-rekwiżiti huma sodisfatti minn tali Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti skont ir-regoli ta’ kwalunkwe Stat Membru

ieħor jew Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni skont kriterji li

huma sostanzjalment simili għas-subparagrafu A(2)(a), (b), (ċ) jew

(d), rispettivament.

H. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti ma huwiex

meħtieġ jissodisfa r-rekwiżiti ta’ rapportar u ta’ diliġenza dovuta

stabbiliti fit-Taqsimiet II u III, rispettivament, f’Malta fir-rigward ta’

Tranżazzjonijiet Rapportabbli li jwettaq permezz ta’ Fergħa fi

kwalunkwe Stat Membru ieħor jew Ġurisdizzjoni Kwalifikata Mhux

tal-Unjoni oħra, jekk dawk ir-rekwiżiti jkunu sodisfatti minn dik il-

Fergħa f’dak l-Istat Membru l-ieħor jew f’Ġurisdizzjoni Kwalifikata

Mhux tal-Unjoni.

TAQSIMA II

REKWIŻITI TA’ RAPPORTAR

A. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta

skont it-tifsira tat-Taqsima I, il-paragrafi A u B, għandu jirrapporta l-

informazzjoni imsemmija fil-paragrafu B ta’ din it-Taqsima lill-

awtorità kompetenti ta’ Malta, fejn ikun soġġett għar-rekwiżiti ta’

rapportar skont it-Taqsima I.

B. Għal kull sena kalendarja rilevanti jew għal perjodu ta’

rapportar xieraq ieħor, u kif soġġett għall-obbligi ta’ Fornituri ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta stabbiliti fit-Taqsima I u

l-proċeduri ta’ diliġenza dovuta stabbiliti fit-Taqsima III, Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti għandu jirrapporta l-

informazzjoni li ġejja dwar l-Utenti tal-Kriptoassi tiegħu li huma

Utenti Rapportabbli jew li għandhom Persuni Kontrollanti li huma

Persuni Rapportabbli

1. l-isem, l-indirizz, l-Istati Membri ta’

residenza, in-NITs u, fil-każ ta’ individwu, id-data u l-post

tat-twelid ta’ kull Utent Rapportabbli u, fil-każ ta’

kwalunkwe Entità li, wara l-applikazzjoni tal-proċeduri ta’

diliġenza dovuta stabbiliti fit-Taqsima III, jiġi identifikat li

jkollha Persuna Kontrollanti waħda (1) jew aktar li tkun

Persuna Rapportabbli, l-isem, l-indirizz, l-Istati Membri ta’

residenza u n-NITs tal-Entità, u l-isem, l-indirizz, l-Istati

Membri ta’ residenza, in-NITs u d-data u l-post tat-twelid

ta’ kull Persuna Rapportabbli tal-Entità li tkun Persuna

Rapportabbli, kif ukoll ir-rwoli li bis-saħħa tagħhom kull

tali Persuna Rapportabbli tkun Persuna Kontrollanti tal-

Entità;

Minkejja s-subparagrafu B(1), l-ewwel subparagrafu, fejn

il-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta

jirrapporta lil awtorità kompetenti li tuża Servizz ta’

Identifikazzjoni u li jiddependi fuq konferma diretta tal-

identità u tar-residenza tal-Persuna Rapportabbli permezz

ta’ Servizz ta’ Identifikazzjoni magħmul disponibbli minn

Stat Membru jew mill-Unjoni sabiex jiġu aċċertati l-

identità u r-residenzi tat-taxxa kollha tal-Persuna

Rapportabbli, l-informazzjoni li għandha tiġi rrapportata

dwar il-Persuna Rapportabbli hija l-isem, l-identifikaturi

tas-Servizz ta’ Identifikazzjoni u l-Istati Membri tal-ħruġ,

kif ukoll ir-rwoli li permezz tagħhom kull Persuna

Rapportabbli tkun Persuna Kontrollanti tal-Entità;

2. l-isem, l-indirizz, in-NIT u, jekk ikun

disponibbli, in-numru ta’ identifikazzjoni individwali

msemmi fir-regolament 13(13)(e) u l-identifikatur globali

tal-entità ġuridika, tal-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti;

3. għal kull tip ta’ Kriptoassi Rapportabbli li fir-

rigward tiegħu Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta jkun wettaq Tranżazzjonijiet

Rapportabbli matul is-sena kalendarja rilevanti jew f’xi

perjodu ta’ rapportar xieraq ieħor, fejn rilevanti

(a) l-isem

sħiħ

tat-tip

ta’

Kriptoassi

Rapportabbli;

(b) l-ammont gross aggregat imħallas, in-

numru aggregat ta’ unitajiet u n-numru ta’

Tranżazzjonijiet Rapportabbli fir-rigward tal-

akkwiżizzjonijiet kontra l-Munita ta’ Kors Legali;

(ċ) l-ammont gross aggregat riċevut, in-

numru aggregat ta’ unitajiet u n-numru ta’

Tranżazzjonijiet Rapportabbli fir-rigward tad-

disponimenti kontra l-Munita ta’ Kors Legali;

(d) il-valur tas-suq ġust aggregat, in-numru

aggregat

ta’

unitajiet

u

n-numru

ta’

Tranżazzjonijiet Rapportabbli fir-rigward ta’

akkwiżizzjonijiet kontra Kriptoassi Rapportabbli

oħrajn;

(e) il-valur tas-suq ġust aggregat, in-numru

aggregat

ta’

unitajiet

u

n-numru

ta’

Tranżazzjonijiet Rapportabbli fir-rigward ta’

disponimenti kontra Kriptoassi Rapportabbli

oħrajn;

(f) il-valur tas-suq ġust aggregat, in-numru

aggregat

ta’

unitajiet

u

n-numru

ta’

Tranżazzjonijiet

ta’

Pagamenti

bl-Imnut

Rapportabbli;

(g) il-valur tas-suq ġust aggregat, in-numru

aggregat

ta’

unitajiet

u

n-numru

ta’

Tranżazzjonijiet Rapportabbli, u suddiviżi skont it-

tip ta’ trasferiment fejn dan ikun magħruf mill-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta, fir-rigward ta’ Trasferimenti lill-Utent

Rapportabbli mhux koperti mill-punti (b) u (d);

(h) il-valur tas-suq ġust aggregat, in-numru

aggregat

ta’

unitajiet

u

n-numru

ta’

Tranżazzjonijiet Rapportabbli, u suddiviżi skont it-

tip ta’ trasferiment fejn dan ikun magħruf mill-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta, fir-rigward ta’ Trasferimenti mill-Utent

Rapportabbli li ma jkunux koperti mill-punti (ċ),

(e) u (f); u

(i) il-valur tas-suq ġust aggregat, kif ukoll

in-numru aggregat ta’ unitajiet ta’ Trasferimenti

mwettqa mill-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta għall-indirizzi tal-kotba

distribwiti msemmija fir-Regolament (UE) 2023/

1114 mhux magħrufa li jkunu assoċjati ma’ fornitur

ta’ servizzi ta’ assi virtwali jew ma’ istituzzjoni

finanzjarja.

Għall-finijiet tas-subparagrafu B(3), il-punti (b) u

(ċ), l-ammont imħallas jew riċevut għandu jiġi rrapportat

fil-Munita ta’ Kors Legali li fiha jkun tħallas jew ġie

riċevut. F’każ li l-ammonti jkunu tħallsu jew ġew riċevuti

f’diversi Muniti ta’ Kors Legali, l-ammonti għandhom jiġu

rrapportati f’munita waħda, ikkonvertiti fiż-żmien ta’ kull

Tranżazzjoni Rapportabbli b’mod li jiġi applikat b’mod

konsistenti mill-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta.

Għall-finijiet tas-subparagrafu B(3), il-punti (d) sa

(i), il-valur ġust tas-suq għandu jiġi ddeterminat u

rrapportat f’munita waħda, ivvalutat fiż-żmien ta’ kull

Tranżazzjoni Rapportabbli b’mod li jiġi applikat b’mod

konsistenti mill-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta.

L-informazzjoni rrapportata għandha tidentifika l-

Munita ta’ Kors Legali li fiha jkun irrapportat kull

ammont.

Ċ. Minkejja s-subparagrafu B(1), il-post tat-twelid mhuwiex

meħtieġ li jiġi rrapportat sakemm il-Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta ma jkunx meħtieġ jiksbu u

jirrapportah b’mod ieħor skont id-dritt domestiku.

D. L-informazzjoni elenkata fil-paragrafu B għandha tiġi

rrapportata annwalment fis-sena kalendarja ta’ wara s-sena li magħha

tkun relatata l-informazzjoni. L-ewwel informazzjoni għandha tiġi

rrapportata għas-sena kalendarja rilevanti jew għal perjodu ta’

rapportar xieraq ieħor mill-1 ta’ Jannar 2026.

E. Minkejja l-paragrafi A u D ta’ din it-Taqsima, Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta skont it-tifsira tat-

Taqsima I, is-subparagrafu A(2), il-punt (a), (b), (ċ) jew (d), ma

għandux ikun meħtieġ jipprovdi l-informazzjoni elenkata fil-

paragrafu B ta’ din it-Taqsima fir-rigward ta’ Utent Rapportabbli jew

Persuna Kontrollanti li għalih il-Fornituri ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta jlesti r-rapportar ta’ tali informazzjoni

f’ġurisdizzjoni mhux tal-Unjoni li tkun koperta minn Ftehim bejn l-

Awtoritajiet Kompetenti Kwalifikanti Effettiv mal-Istat Membru ta’

residenza ta’ tali Utent Rapportabbli jew tali Persuna Kontrollanti.

TAQSIMA III

PROĊEDURI TA’ DILIĠENZA DOVUTA

Utent tal-Kriptoassi jiġi ttrattat bħala Utent Rapportabbli mid-

data li jiġi identifikat bħala tali skont il-proċeduri ta’ diliġenza dovuta

deskritti f’din it-Taqsima.

A. Proċeduri ta’ diliġenza dovuta għall-Utenti tal-Kriptoassi

Individwali

Il-proċeduri li ġejjin japplikaw għall-fini li jiġi determinat jekk

l-Utent tal-Kriptoassi Individwali huwiex Utent Rapportabbli.

1. Meta tiġi stabbilita r-relazzjoni mal-Utent tal-

Kriptoassi Individwali, jew fir-rigward tal-Utenti tal-Kriptoassi

Individwali Preeżistenti sal-1 ta’ Jannar 2027, il-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta għandu jikseb

awtoċertifikazzjoni li tippermetti lill-Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti jiddetermina r-residenza tal-Utent tal-

Kriptoassi Individwali għall-finijiet ta’ taxxa u jikkonferma li

tali awtoċertifikazzjoni hija raġonevoli abbażi tal-informazzjoni

miksuba mill-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta, inkluż kwalunkwe dokumentazzjoni li tkun inġabret

skont il-Proċeduri ta’ Diliġenza Dovuta tal-Klijent.

2. Jekk fi kwalunkwe punt ikun hemm bidla fiċ-

ċirkostanzi fir-rigward ta’ Utent tal-Kriptoassi Individwali li

tikkawża lill-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta jkun jaf, jew ikollu raġuni li jkun jaf, li l-

awtoċertifikazzjoni oriġinali ma tkunx korretta jew ma tkunx

affidabbli, il-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta ma jistax jibbaża fuq l-awtoċertifikazzjoni oriġinali u

għandu jikseb awtoċertifikazzjoni valida, jew spjegazzjoni

raġonevoli u, fejn xieraq, id-dokumentazzjoni li tappoġġa l-

validità tal-awtoċertifikazzjoni oriġinali.

B. Proċeduri ta’ diliġenza dovuta għall-Entitajiet Utenti tal-

Kriptoassi

Il-proċeduri li ġejjin japplikaw għall-fini li jiġi determinat jekkl-

Entità Utent tal-Kriptoassi hijiex Utent Rapportabbli jew Entità, għajr

Persuna Eskluża jew Entità Attiva, b’Persuna Kontrollanti waħda (1)

jew aktar li jkunu Persuni Rapportabbli.

1. Determinazzjoni jekk l-Entità Utent tal-Kriptoassi

hijiex Persuna Rapportabbli.

(a) Meta tiġi stabbilita r-relazzjoni mal-Entità

Utent tal-Kriptoassi, jew fir-rigward tal-Entitajiet Utenti

tal-Kriptoassi Preeżistenti sal-1 ta’ Jannar 2027, il-Fornitur

ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta għandu

jikseb awtoċertifikazzjoni li tippermetti lill-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta jiddetermina r-

residenza tal-Entità Utent tal-Kriptoassi għall-finijiet ta’

taxxa u jikkonferma li tali awtoċertifikazzjoni hija

raġonevoli abbażi tal-informazzjoni miksuba mill-Fornitur

ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta, inkluż

kwalunkwe dokumentazzjoni li tkun inġabret skont il-

Proċeduri ta’ Diliġenza Dovuta tal-Klijenti. Jekk l-Entità

Utent tal-Kriptoassi tiċċertifika li ma għandhiex residenza

għall-finijiet tat-taxxa, il-Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta jista’ jibbaża ruħu fuq il-

post tal-ġestjoni effettiva jew fuq l-indirizz tal-uffiċċju

prinċipali sabiex tiġi determinata r-residenza tal-Entità

Utent tal-Kriptoassi.

(b) Jekk l-awtoċertifikazzjoni tindika li l-Entità

Utent tal-Kriptoassi tkun residenti fi Stat Membru, il-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta

għandu jittratta lill-Entità Utent tal-Kriptoassi bħala Utent

Rapportabbli, sakemm ma jiddeterminax b’mod raġonevoli

abbażi tal-awtoċertifikazzjoni jew tal-informazzjoni fil-

pussess tiegħu jew li tkun disponibbli għall-pubbliku, li l-

Entità Utent tal-Kriptoassi tkun Persuna Eskluża.

2. Determinazzjoni dwar jekk l-Entità għandhiex Persuna

Kontrollanti waħda (1) jew aktar li huma Persuni Rapportabbli. Fir-

rigward ta’ Entità Utent tal-Kriptoassi, għajr Persuna Eskluża, il-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti għandu jiddetermina

jekk għandhiex Persuna Kontrollanti waħda (1) jew aktar li jkunu

Persuni Rapportabbli, sakemm ma jiddeterminax li l-Entità Utent tal-

Kriptoassi tkun Entità Attiva, abbażi ta’ awtoċertifikazzjoni mill-

Entità Utent tal-Kriptoassi.

(a)

Determinazzjoni tal-Persuni Kontrollanti tal-Entità

Utent tal-Kriptoassi. Għall-fini li jiġu determinati l-Persuni

Kontrollanti tal-Entità Utent tal-Kriptoassi, Fornitur ta’ Servizzi

tal-Kriptoassi Rapportanti jista’ jibbaża ruħu fuq l-

informazzjoni miġbura u miżmuma skont il-Proċeduri ta’

Diliġenza Dovuta tal-Klijenti, diment li tali proċeduri jkunu

konsistenti mad-Direttiva (UE) 2015/849. Jekk il-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta ma jkunx legalment

meħtieġ li japplika Proċeduri ta’ Diliġenza Dovuta tal-Klijenti li

jkunu konsistenti mad-Direttiva (UE) 2015/849, huwa għandu

japplika proċeduri sostanzjalment simili għall-fini li jiġu

determinati l-Persuni Kontrollanti.

(b) Determinazzjoni dwar jekk Persuna Kontrollanti ta’

Entità Utent tal-Kriptoassi hijiex Persuna Rapportabbli. Għall-

fini li jiġi determinat jekk Persuna Kontrollanti hijiex Persuna

Rapportabbli, Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta għandu jibbaża ruħu fuq awtoċertifikazzjoni mill-Entità

Utent tal-Kriptoassi jew minn tali Persuna Kontrollanti li

tippermetti lill-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta jiddetermina r-residenza tal-Persuna Kontrollanti għall-

finijiet ta’ taxxa u jikkonferma li tali awtoċertifikazzjoni tkun

raġonevoli abbażi tal-informazzjoni miksuba mingħand il-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti, inkluż

kwalunkwe dokumentazzjoni li tkun inġabret skont il-Proċeduri

ta’ Diliġenza Dovuta tal-Klijenti.

3. Jekk fi kwalunkwe punt ikun hemm bidla fiċ-ċirkostanzi

fir-rigward ta’ Entità Utent tal-Kriptoassi jew tal-Persuni Kontrollanti

tagħha li tikkawża lill-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta jkun jaf, jew ikollu raġuni li jkun jaf, li l-awtoċertifikazzjoni

oriġinali ma tkunx korretta jew ma tkunx affidabbli, il-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta ma jistax jibbaża ruħu fuq

l-awtoċertifikazzjoni oriġinali u għandu jikseb awtoċertifikazzjoni

valida, jew spjegazzjoni raġonevoli u, fejn xieraq, dokumentazzjoni li

tappoġġa l-validità tal-awtoċertifikazzjoni oriġinali.

Ċ.

Rekwiżiti għall-validità tal-awtoċertifikazzjonijiet

1. Awtoċertifikazzjoni pprovduta minn Utent tal-Kriptoassi

Individwali jew minn Persuna Kontrollanti tkun valida biss jekk tkun

iffirmata jew xort’oħra affermata b’mod pożittiv mill-Utent tal-

Kriptoassi Individwali jew mill-Persuna Kontrollanti, tkun datata sa

mhux aktar tard mid-data meta tkun ġiet riċevuta u jkun fiha l-

informazzjoni li ġejja fir-rigward tal-Utent tal-Kriptoassi Individwali

jew tal-Persuna Kontrollanti

(a)

l-isem u l-kunjom;

(b)

l-indirizz tar-residenza;

(ċ)

l-Istati Membri ta’ residenza għall-finijiet ta’ taxxa;

(d) fir-rigward ta’ kull Persuna Rapportabbli, in-NIT

fir-rigward ta’ kull Stat Membru;

(e)

id-data tat-twelid.

2. Awtoċertifikazzjoni pprovduta minn Entità Utent tal-

Kriptoassi tkun valida biss jekk tkun iffirmata jew jekk tkun xort’oħra

affermata b’mod pożittiv mill-Entità Utent tal-Kriptoassi, tkun datata

sa mhux aktar tard mid-data meta tkun ġiet riċevuta u jkun fiha l-

informazzjoni li ġejja fir-rigward tal-Entità Utent tal-Kriptoassi

(a)

l-isem ġuridiku;

(b)

l-indirizz;

(ċ)

l-Istati Membri ta’ residenza għall-finijiet ta’ taxxa;

(d) fir-rigward ta’ kull Persuna Rapportabbli, in-NIT

fir-rigward ta’ kull Stat Membru;

(e)

fil-każ ta’ Entità Utent tal-Kriptoassi għajr Entità

Attiva jew Persuna Eskluża, l-informazzjoni deskritta fis-

subparagrafu Ċ(1) fir-rigward ta’ kull Persuna Kontrollanti tal-

Entità Utent tal-Kriptoassi, diment li tali Persuna Kontrollanti

pprovdiet awtoċertifikazzjoni skont is-subparagrafu Ċ(1), kif

ukoll ir-rwoli li bis-saħħa tagħhom kull Persuna Rapportabbli

tkun Persuna Kontrollanti tal-Entità, jekk dan ma jkunx diġà

determinat abbażi ta’ Proċeduri ta’ Diliġenza Dovuta tal-

Klijenti;

(f)

jekk applikabbli, l-informazzjoni dwar il-kriterji li

tissodisfa sabiex tiġi ttrattata bħala Entità Attiva jew bħala

Persuna Eskluża.

D.

Rekwiżiti ġenerali ta’ diliġenza dovuta

1. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti li

jkun ukoll Istituzzjoni Finanzjarja għall-finijiet ta’ dawn ir-

regolamenti jista’ jibbaża fuq il-proċeduri ta’ diliġenza dovuta

mwettqa skont it-Taqsimiet IV u VI tal-Anness I għall-finijiet

tal-proċeduri ta’ diliġenza dovuta skont din it-Taqsima. Fornitur

ta’ Servizzi tal-Kriptoassi Rapportanti f’Malta jista’ jibbaża

wkoll fuq awtoċertifikazzjoni diġà miġbura għall-finijiet oħrajn

ta’ taxxa, diment li tali awtoċertifikazzjoni tissodisfa r-rekwiżiti

tal-paragrafu Ċ ta’ din it-Taqsima.

2. Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti jista’

jibbaża ruħu fuq parti terza sabiex tissodisfa l-obbligi ta’

diliġenza dovuta stabbiliti f’din it-Taqsima, iżda tali obbligi

jibqgħu r-responsabbiltà tal-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta.

TAQSIMA IV

TERMINI MFISSRA

It-termini li ġejjin għandhom it-tifsiriet hawn taħt stabbiliti

A.

Kriptoassi Rapportabbli

1. "Kriptoassi" tfisser kriptoassi kif imfisser fl-

Artikolu 3(1), il-punt (5), tar-Regolament (UE) 2023/1114.

2. "Munita Diġitali tal-Bank Ċentrali" tfisser

kwalunkwe Munita ta’ Kors Legali diġitali maħruġa minn Bank

Ċentrali jew minn awtorità monetarja oħra.

3. "Bank Ċentrali" tfisser istituzzjoni li hija bil-liġi jew

b’sanzjoni tal-gvern l-awtorità prinċipali, minbarra l-gvern tal-

ġurisdizzjoni stess, li toħroġ strumenti maħsuba sabiex

jiċċirkolaw bħala munita. Tali istituzzjoni tista’ tinkludi

istrumentalità li tkun separata mill-gvern tal-ġurisdizzjoni,

kemm jekk tkun totalment jew parzjalment il-proprjetà tal-

ġurisdizzjoni.

4. "Kriptoassi Rapportabbli" tfisser kwalunkwe

Kriptoassi għajr Munita Diġitali tal-Bank Ċentrali, Flus

Elettroniċi, jew kwalunkwe Kriptoassi li għalih il-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti jkun iddetermina b’mod

adegwat li ma jistax jintuża għall-finijiet ta’ pagament jew ta’

investiment.

5. Għall-finijiet ta’ dan l-Anness, "Flus Elettroniċi"

tfisser kwalunkwe Kriptoassi li huwa

(a) rappreżentazzjoni diġitali ta’ Munita ta’ Kors

Legali waħda;

(b) maħruġ malli jiġu riċevuti fondi bil-għan li

jsiru tranżazzjonijiet ta’ pagament;

(ċ) rappreżentat minn pretensjoni fuq l-emittent

denominat fl-istess Munita ta’ Kors Legali;

(d)

aċċettat b’pagament minn persuna fiżika jew

ġuridika għajr l-emittent; u

(e) bis-saħħa ta’ rekwiżiti regolatorji li għalihom

huwa soġġett l-emittent, jista’ jinfeda fi kwalunkwe waqt u

b’parità għall-istess Munita ta’ Kors Legali fuq talba tad-

detentur tal-prodott.

It-terminu "Flus Elettroniċi" ma jinkludix prodott maħluq għall-

iskop uniku li jiffaċilita t-trasferiment ta’ fondi minn klijent lil

persuna oħra skont l-istruzzjonijiet tal-klijent. Prodott ma jkunx

maħluq għall-iskop uniku li jiffaċilita t-trasferiment ta’ fondi jekk,

fix-xogħol normali tan-negozju tal-Entità trasferenti, il-fondi

marbutin ma’ tali prodott jinżammu għal aktar minn sittin (60) jum

wara li jaslulha l-istruzzjonijiet sabiex jiġi ffaċilitat it-trasferiment,

jew jekk ma jaslux istruzzjonijiet, il-fondi marbutin ma’ tali prodott

jinżammu għal aktar minn sittin (60) jum wara li jaslulha l-fondi.

B.

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

1. "Fornitur ta’ Servizzi tal-Kriptoassi’ tfisser fornitur

ta’ servizzi tal-kriptoassi kif imfisser fl-Artikolu 3(1), il-punt

(15), tar-Regolament (UE) 2023/1114.

2. "Operatur tal-Kriptoassi" tfisser Fornitur ta’

Servizzi tal-Kriptoassi għajr Fornitur ta’ Servizzi tal-Kriptoassi.

3. "Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti"

tfisser kwalunkwe Fornitur ta’ Servizzi tal-Kriptoassi u

kwalunkwe Operatur tal-Kriptoassi li jwettaq Servizz tal-

Kriptoassi wieħed (1) jew aktar li jeffettwaw Tranżazzjonijiet

ta’ Skambju għal Utent Rapportabbli jew f’ismu.

4. "Servizz tal-Kriptoassi" tfisser servizz tal-kriptoassi

kif imfisser fl-Artikolu 3(1), il-punt (16), tar-Regolament (UE)

2023/1114 inkluż l-involviment u s-self.

Ċ.

Tranżazzjoni Rapportabbli

1. "Tranżazzjoni Rapportabbli" tfisser kwalunkwe

(a)

Tranżazzjoni ta’ Skambju; u

(b)

Trasferiment ta’ Kriptoassi Rapportabbli.

2. "Tranżazzjoni ta’ Skambju" tfisser kwalunkwe

(a) skambju bejn il-Kriptoassi Rapportabbli u l-

Muniti ta’ Kors Legali; u

(b) skambju bejn forma

ta’

Kriptoassi

Rapportabbli waħda (1) jew aktar.

3. "Tranżazzjoni ta’ Pagament bl-Imnut Rapportabbli"

tfisser Trasferiment ta’ Kriptoassi Rapportabbli b’korrispettiv

għal oġġetti jew servizzi ta’ valur li jaqbeż USD $50,000 jew l-

ammont ekwivalenti fi kwalunkwe munita oħra.

4. "Trasferiment" tfisser tranżazzjoni li ċċaqlaq

Kriptoassi Rapportabbli mill-indirizz jew mill-kont tal-

Kriptoassi ta’ Utent tal-Kriptoassi wieħed (1) jew lejh, għajr

dak miżmum mill-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’isem l-istess Utent tal-Kriptoassi, fejn, abbażi tal-

għarfien disponibbli għall-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti fil-ħin tat-tranżazzjoni, il-Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti ma jistax jiddetermina li t-tranżazzjoni

hija Tranżazzjoni ta’ Skambju.

5. "Munita ta’ Kors Legali" tfisser il-munita uffiċjali

ta’ ġurisdizzjoni, maħruġa minn ġurisdizzjoni jew mill-Bank

Ċentrali jew mill-awtorità monetarja maħtura minn

ġurisdizzjoni, kif rappreżentata minn karti tal-flus jew muniti

fiżiċi jew minn flus f’forom diġitali diversi, inkluż riżervi

bankarji jew Muniti Diġitali tal-Bank Ċentrali. It-terminu

jinkludi wkoll flus tal-banek kummerċjali u prodotti tal-flus

elettroniċi (Flus Elettroniċi).

D.

Utent Rapportabbli

1. "Utent Rapportabbli" tfisser Utent tal-Kriptoassi li

jkun Persuna Rapportabbli residenti fi Stat Membru.

2. "Utent tal-Kriptoassi" tfisser individwu jew Entità li

tkun klijent ta’ Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

għall-fini tat-twettiq ta’ Tranżazzjonijiet Rapportabbli.

Individwu jew Entità, għajr Istituzzjoni Finanzjarja jew Fornitur

ta’ Servizzi tal-Kriptoassi Rapportanti, li jaġixxu bħala Utent

tal-Kriptoassi għall-benefiċċju ta’, jew f’isem individwu ieħor

jew Entità oħra bħala aġent, kustodju, persuna nominata,

firmatarju, konsulent tal-investiment, jew intermedjarju, ma

jiġux trattati bħala Utent tal-Kriptoassi, u tali individwu ieħor

jew Entità oħra jiġu trattati bħala l-Utent tal-Kriptoassi. Fejn

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti jipprovdi

servizz ta’ Tranżazzjonijiet ta’ Pagament bl-Imnut Rapportabbli

għal negozjant jew f’ismu, il-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti għandu jittratta wkoll lill-klijent li huwa l-

kontroparti tan-negozjant għal tali Tranżazzjonijiet ta’

Pagament bl-Imnut Rapportabbli bħala l-Utent tal-Kriptoassi

fir-rigward ta’ tali Tranżazzjoni ta’ Pagament bl-Imnut

Rapportabbli, diment li l-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti jkun meħtieġ jivverifika l-identità ta’ tali klijent

bis-saħħa tat-Tranżazzjoni ta’ Pagament bl-Imnut Rapportabbli

skont ir-regoli domestiċi kontra l-ħasil tal-flus.

3. "Utent tal-Kriptoassi Individwali" tfisser Utent tal-

Kriptoassi li jkun individwu.

4. "Utent tal-Kriptoassi Individwali Preeżistenti"

tfisser Utent tal-Kriptoassi Individwali li jkun stabbilixxa

relazzjoni mal-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

mill-31 ta’ Diċembru 2025.

5. "Entità Utent tal-Kriptoassi’ tfisser Utent tal-

Kriptoassi li tkun Entità.

6. "Entità Utent tal-Kriptoassi Preeżistenti" tfisser

Entità Utent tal-Kriptoassi li tkun stabbilixxiet relazzjoni mal-

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti mill-31 ta’

Diċembru 2025.

7. "Persuna Rapportabbli" tfisser Persuna ta’ Stat

Membru għajr Persuna Eskluża.

8. "Persuna ta’ Stat Membru" fir-rigward ta’ Malta

tfisser Entità jew individwu li huwa residenti fi kwalunkwe Stat

Membru ieħor skont il-liġijiet tat-taxxa ta’ dak l-Istat Membru,

jew patrimonju ta’ persuna deċeduta li kienet residenti ta’

kwalunkwe Stat Membru. Għal dan il-għan, Entità bħalma hija

sħubija, sħubija b’responsabbiltà limitata jew arranġament

legali simili, li ma għandhiex residenza għall-finijiet ta’ taxxa

għandha tiġi ttrattata bħala residenti fil-ġurisdizzjoni fejn tinsab

is-sede ta’ ġestjoni effettiva tagħha.

9. "Persuni Kontrollanti" tfisser il-persuni fiżiċi li

jeżerċitaw kontroll fuq Entità. Fil-każ ta’ trust, tali terminu

jfisser is-settlors, it-trustees, il-protetturi jekk ikun hemm, il-

benefiċjarji jew klassijiet ta’ benefiċjarji, u kwalunkwe persuna

fiżika oħra li teżerċita kontroll effettiv aħħari fuq it-trust, u fil-

każ ta’ arranġament ġuridiku għajr trust, dan it-terminu jfisser

persuni f’pożizzjonijiet ekwivalenti jew simili. It-terminu

"Persuni Kontrollanti" għandu jiġi interpretat b’mod konsistenti

mat-terminu "sid benefiċjarju" kif imfisser fir-regolament 2, kif

ukoll kif imfisser fir-regolament 2 tar-Regolamenti kontra

Money Laundering u Finanzjar ta’ Terroriżmu u l-livell ta’

kontroll għandu wkoll jiġi determinat f’konformità ma’ tali

tifsir sa fejn jirrigwarda l-Fornituri ta’ Servizzi tal-Kriptoassi.

10. "Entità Attiva" tfisser kwalunkwe Entità li tissodisfa

kwalunkwe mill-kriterji li ġejjin

(a) inqas minn ħamsin fil-mija (50%) tal-introjtu

gross tal-Entità għas-sena kalendarja preċedenti jew għal

perjodu ta’ rapportar xieraq ieħor huwa introjtu passiv u

inqas minn ħamsin fil-mija (50%) tal-assi miżmuma mill-

Entità matul is-sena kalendarja preċedenti jew għal

perjodu ta’ rapportar xieraq ieħor huma assi li jipproduċu

jew li jinżammu għall-produzzjoni ta’ introjtu passiv;

(b) l-attivitajiet kollha tal-Entità jikkonsistu

sostanzjalment fiż-żamma, totali jew parzjali, tal-istokk

pendenti ta’ sussidjarja waħda (1) jew aktar li jidħlu

f’kummerċ jew f’negozji għajr in-negozju ta’ Istituzzjoni

Finanzjarja, jew mill-għoti ta’ finanzjament u servizzi

lilhom, ħlief li Entità ma tikkwalifikax għal dan l-istatus

jekk l-Entità tiffunzjona, jew isservi, bħala fond ta’

investiment, bħal fond ta’ ekwità privata, fond ta’ kapital

ta’ riskju, fond ta’ akkwiżizzjoni maġġoritarja ingranata

(leveraged buyout fund), jew kwalunkwe strument ta’

investiment li l-għan tiegħu ikun li jakkwista jew li

jiffinanzja kumpaniji u mbagħad ikollu interessi f’dawk il-

kumpaniji bħala assi kapitali għall-finijiet ta’ investiment;

(ċ) l-Entità għadha ma hijiex qed topera negozju u

ma għandha l-ebda storja preċedenti ta’ operat, iżda

qiegħda tinvesti l-kapital f’assi bl-intenzjoni li topera

negozju għajr dak ta’ Istituzzjoni Finanzjarja, diment li l-

Entità ma tikkwalifikax għal din l-eċċezzjoni wara d-data

li tkun erbgħa u għoxrin (24) xahar wara d-data tal-

organizzazzjoni inizjali tal-Entità;

(d) l-Entità ma kinitx Istituzzjoni Finanzjarja

f’dawn l-aħħar ħames (5) snin u qiegħda fil-proċess li

tillikwida l-assi tagħha jew qiegħda torganizza mill-ġdid

bl-intenzjoni li tkompli jew li terġa’ tibda l-operat

f’negozju għajr dak ta’ Istituzzjoni Finanzjarja;

(e) l-Entità primarjament tinvolvi ruħha fil-

finanzjament u fi tranżazzjonijiet ta’ hedging ma’, jew

għal, Entitajiet Relatati li mhumiex Istituzzjonijiet

Finanzjarji, u ma tipprovdi finanzjament jew servizzi ta’

hedging lil ebda Entità li ma tkunx Entità Relatata, diment

li l-grupp ta’ tali Entitajiet Relatati jkun primarjament

involut f’negozju għajr dak ta’ Istituzzjoni Finanzjarja;

(f) l-Entità tissodisfa r-rekwiżiti kollha li ġejjin

(i) hija stabbilita u topera fil-ġurisdizzjoni

ta’ residenza tagħha esklużivament għal finijiet

reliġjużi, ta’ karità, xjentifiċi, artistiċi, kulturali,

atletiċi, jew edukattivi; jew hija stabbilita u topera

fil-ġurisdizzjoni ta’ residenza tagħha u hija

organizzazzjoni professjonali, league tan-negozju,

kamra tal-kummerċ, organizzazzjoni tax-xogħol,

organizzazzjoni agrikola jew ortikulturali, league

ċiviku

jew

organizzazzjoni

mħaddma

esklużivament għall-promozzjoni tal-benessri

soċjali;

(ii) hija eżenti mit-taxxa fuq l-introjtu fil-

ġurisdizzjoni ta’ residenza tagħha;

(iii) ma għandha l-ebda azzjonist jew

membru li għandu interess proprjetarju jew

benefiċjali fl-introjtu jew fl-assi tagħha;

(iv) il-liġijiet applikabbli tal-ġurisdizzjoni ta’

residenza tal-Entità jew id-dokumenti tal-

formazzjoni tal-Entità ma jippermettu l-ebda

introjtu jew assi tal-Entità li jitqassmu lil, jew jiġu

applikati għall-benefiċċju ta’ persuna privata jew

ta’ Entità mhux ta’ karità għajr skont l-aġir tal-

attivitajiet ta’ karità tal-Entità, jew bħala pagament

ta’ kumpens raġonevoli għal servizzi mogħtija, jew

bħala pagament li jirrappreżenta l-valur tas-suq

ġust ta’ proprjetà li tkun xtrat l-Entità; u

(v) il-liġijiet applikabbli tal-ġurisdizzjoni ta’

residenza tal-Entità jew id-dokumenti tal-

formazzjoni

tal-Entità

jeħtieġu

li,

mal-

likwidazzjoni jew ix-xoljiment tal-Entità, l-assi

kollha tagħha jitqassmu lil Entità Governattiva jew

lil organizzazzjoni oħra mingħajr skop ta’ qligħ,

jew jiġu ttrasferiti lill-gvern tal-ġurisdizzjoni ta’

residenza tal-Entità jew xi suddiviżjoni politika

tagħha.

Persuna Eskluża

1. "Persuna Eskluża" tfisser

(a) Entità li l-istokk tagħha jiġi nnegozjat b’mod

regolari f’suq tat-titoli stabbilit wieħed (1) jew aktar;

(b) kwalunkwe Entità li hija Entità Relatata ma’

Entità deskritta fil-punt (a);

(ċ)

Entità Governattiva;

(d)

Organizzazzjoni Internazzjonali;

(e)

Bank Ċentrali; jew

(f) Istituzzjoni Finanzjarja għajr Entità tal-

Investiment deskritta fis-subparagrafu E(5), il-punt (b).

2. "Istituzzjoni Finanzjarja’ tfisser Istituzzjoni ta’

Kustodja, Istituzzjoni Depożitorja, Entità ta’ Investiment, jew

Kumpanija tal-Assigurazzjoni Speċifikata.

3. "Istituzzjoni ta’ Kustodja" tfisser Entità li żżomm,

bħala porzjon sostanzjali tan-negozju tagħha, Assi Finanzjarji

għal oħrajn. Entità żżomm Assi Finanzjarji għal oħrajn bħala

porzjon sostanzjali tan-negozju tagħha jekk l-introjtu gross tal-

Entità attribwibbli għaż-żamma ta’ Assi Finanzjarji u servizzi

finanzjarji relatati jkun ugwali għal, jew jeċċedi l-għoxrin fil-

mija (20%) tal-introjtu gross tal-Entità matul l-iqsar wieħed

minn

(i) il-perjodu ta’ tliet (3) snin li jintemm fil-31

ta’ Diċembru, jew l-aħħar jum ta’ perjodu tal-kontabbiltà

ta’ sena mhux kalendarja, qabel is-sena li fiha ssir id-

determinazzjoni; jew

(ii) il-perjodu li matulu l-Entità tkun ilha teżisti.

4. "Istituzzjoni Depożitorja" tfisser kwalunkwe Entità

li

(a) taċċetta depożiti fix-xogħol normali ta’

negozju bankarju jew negozju simili; jew

(b) iżżomm Flus Elettroniċi jew Muniti Diġitali

ta’ Bank Ċentrali għall-benefiċċju tal-klijenti.

5. "Entità tal-Investiment" tfisser kwalunkwe Entità

(a) li primarjament twettaq bħala negozju waħda

(1) jew aktar mill-attivitajiet jew l-operati li ġejjin għal,

jew f’isem klijent

(i) negozjar ta’ strumenti tas-suq monetarju

(ċekkijiet, kambjali, ċertifikati tad-depożitu,

derivattivi, eċċ.); muniti barranin; strumenti tal-

kambju, tar-rati tal-imgħax u tal-indiċi; titoli

trasferibbli; jew negozju tal-futuri tal-komoditajiet;

(ii) ġestjoni ta’ portafolli individwali u

kollettivi; jew

(iii) xort’oħra tinvesti, tamministra, jew

timmaniġġja Assi Finanzjarji, flus, jew Kriptoassi

Rapportabbli f’isem persuni oħrajn; jew

(b) li l-introjtu gross tagħha jkun attribwibbli

primarjament għall-investiment, l-investiment mill-ġdid

jew in-negozjar ta’ Assi Finanzjarji jew ta’ Kriptoassi

Rapportabbli, jekk l-Entità tkun ġestita minn Entità oħra li

tkun Istituzzjoni Depożitorja, Istituzzjoni ta’ Kustodja,

Kumpanija tal-Assigurazzjoni Speċifikata, jew Entità tal-

Investiment kif deskritt fis-subparagrafu E(5), il-punt (a).

Entità titqies li tkun primarjament qed tmexxi bħala

negozju waħda (1) jew aktar mill-attivitajiet deskritti fis-

subparagrafu E(5), il-punt (a), jew l-introjtu gross ta’

Entità jiġi primarjament attribwibbli għal investiment,

investiment mill-ġdid, jew negozju f’Assi Finanzjarji jew

Kriptoassi Rapportabbli għall-finijiet tas-subparagrafu

E(5), il-punt (b), jekk l-introjtu gross tal-Entità attribwibbli

għall-attivitajiet rilevanti jkun ugwali għal, jew jaqbeż il-

ħamsin fil-mija (50%) tal-introjtu gross tal-Entità matul l-

iqsar wieħed minn

(i) il-perjodu ta’ tliet (3) snin li jintemm fil-31

ta’ Diċembru tas-sena ta’ qabel is-sena li fiha ssir id-

determinazzjoni; jew

(ii) il-perjodu li matulu l-Entità tkun ilha

teżisti.

Għall-finijiet tas-subparagrafu E(5), il-punt (a)(iii),

it-terminu "l-investiment, l-amministrazzjoni, jew il-

ġestjoni ta’ Assi Finanzjarji, flus, jew Kriptoassi

Rapportabbli b’xi mod ieħor f’isem persuni oħrajn" ma

jinkludix

il-forniment

ta’

servizzi

li

jwettqu

Tranżazzjonijiet ta’ Skambju għall-klijenti jew f’isimhom.

It-terminu "Entità tal-Investiment" ma jinkludix Entità li

tkun Entità Attiva għaliex tissodisfa xi wieħed mill-kriterji

fis-subparagrafu D(10), il-punti (b) sa (e).

Dan is-subparagrafu għandu jkun interpretat b’mod

li jkun konsistenti ma’ lingwaġġ simili stipulat fit-tifsira

ta’ "istituzzjoni finanzjarja" fl-Artikolu 3, il-punt (2), tad-

Direttiva (UE) 2015/849.

6. "Kumpanija tal-Assigurazzjoni Speċifikata" tfisser

Entità li tkun kumpanija tal-assigurazzjoni, jew il-kumpanija

azzjonarja ta’ kumpanija tal-assigurazzjoni, li toħroġ, jew li

tkun obbligata tagħmel pagamenti fir-rigward ta’ Kuntratt tal-

Assigurazzjoni b’Valur fi Flus jew Kuntratt ta’ Annwalità.

7. "Entità

Governattiva"

tfisser

il-gvern

ta’

ġurisdizzjoni,

kwalunkwe

suddiviżjoni

politika

ta’

ġurisdizzjoni, li sabiex jiġi evitat id-dubju, tinkludi Stat,

provinċja, kontea, jew muniċipalità, jew kwalunkwe aġenzija

jew strument li jkunu kompletament proprjetà ta’ ġurisdizzjoni

jew ta’ xi waħda jew aktar minn dawn ta’ hawn fuq. Din il-

kategorija hija magħmula mill-partijiet integrali, mill-entitajiet

ikkontrollati, u mis-suddiviżjonijiet politiċi ta’ ġurisdizzjoni.

(a) "Parti integrali" ta’ ġurisdizzjoni tfisser

kwalunkwe persuna, organizzazzjoni, aġenzija, bureau,

fond, strument, jew korp ieħor, jissemma kif jissemma, li

jikkostitwixxi awtorità governattiva ta’ ġurisdizzjoni. Il-

qligħ nett tal-awtorità governattiva għandu jiġi kkreditat

lill-kont proprju jew lil kontijiet oħrajn tal-ġurisdizzjoni,

filwaqt li l-ebda sehem ma jkun għall-benefiċċju ta’ xi

persuna privata. Parti integrali ma tinkludi l-ebda

individwu li jkun sovran, uffiċjal, jew amministratur li

jaġixxi f’kapaċità privata jew personali.

(b) "Entità kkontrollata" tfisser Entità li tkun

separata fil-forma mill-ġurisdizzjoni jew li b’xi mod ieħor

tikkostitwixxi entità ġuridika separata, diment li

(i) l-Entità tkun totalment proprjetà ta’, u

tkun ikkontrollata direttament minn Entità

Governattiva waħda jew aktar, jew permezz ta’

entità kkontrollata waħda jew aktar;

(ii)

il-qligħ nett tal-Entità jkun ikkreditat

fil-kont proprju jew fil-kontijiet ta’ Entità

Governattiva waħda (1) jew iktar, filwaqt li l-ebda

sehem tal-introjtu tagħha ma għandu jkun għall-

benefiċċju ta’ xi persuna privata; u

(iii) max-xoljiment, l-assi tal-Entità jiġu

vestiti f’Entità Governattiva waħda (1) jew aktar.

(ċ) L-introjtu ma jkunx għall-benefiċċju ta’

persuni privati jekk tali persuni jkunu l-benefiċjarji

intenzjonati ta’ programm governattiv, u l-attivitajiet tal-

programm jitwettqu għall-pubbliku inġenerali fir-rigward

tal-benesseri komuni jew ikunu relatati mal-

amministrazzjoni ta’ xi fażi tal-gvern. Madankollu,

minkejja dak hawn fuq stipulat, l-introjtu jitqies li jkun

għall-benefiċċju ta’ persuni privati jekk l-introjtu jkun

idderivat mill-użu ta’ entità governattiva għat-tmexxija ta’

negozju kummerċjali, bħal negozju bankarju kummerċjali,

li jipprovdi servizzi finanzjarji lil persuni privati.

8. "Organizzazzjoni Internazzjonali’ tfisser kwalunkwe

organizzazzjoni internazzjonali jew aġenzija li tkun totalment

proprjetà ta’, jew strument tagħha. Din il-kategorija tinkludi

kwalunkwe

organizzazzjoni

intergovernattiva,

inkluż

organizzazzjoni supranazzjonali

(a)

li

tkun

primarjament

magħmula

minn

gvernijiet;

(b) li fil-fatt ikollha kwartieri ġenerali jew ftehim

sostanzjalment simili mal-ġuriżdizzjoni; u

(ċ) li l-introjtu tagħha ma jkunx għall-benefiċċju

ta’ persuni privati.

9. "Assi Finanzjarju" tinkludi titolu, pereżempju,

sehem ta’ stokk f’korporazzjoni; sħubija jew interess fuq sjieda

benefiċjarja fi sħubija jew trust b’parteċipazzjoni wiesgħa jew

innegozjata

pubblikament;

kambjala,

bond,

titolu

obbligazzjonarju, jew evidenza oħra ta’ dejn, interess fi sħubija,

komodità, swap, pereżempju, swaps tar-rati tal-imgħax, swaps

ta’ munita, swaps varjabbli, limiti fuq ir-rati tal-imgħax, rati tal-

imgħax minimi (interest rate floors), swaps ta’ komoditajiet,

swaps ta’ ekwità, swaps tal-indiċi ta’ ekwità, u ftehimiet simili,

Kuntratt tal-Assigurazzjoni jew Kuntratt ta’ Annwalità, jew

kwalunkwe interess, inkluż kuntratt jew opzjoni tal-futuri jew

forward, f’titolu, fi Kriptoassi Rapportabbli, interess ta’ sħubija,

f’komodità, fi swap, f’Kuntratt tal-Assigurazzjoni, jew

f’Kuntratt ta’ Annwalità. It-terminu "Assi Finanzjarju" ma

jinkludix interess dirett mingħajr dejn fi proprjetà immobbli.

10. "Interess ta’ Ekwità" tfisser, fil-każ ta’ sħubija li

tkun Istituzzjoni Finanzjarja, interess fuq kapital jew fuq il-

qligħ fis-sħubija. Fil-każ ta’ trust li tkun Istituzzjoni

Finanzjarja, Interess ta’ Ekwità hu meqjus li jkun miżmum minn

kwalunkwe persuna li titqies bħala settlor jew benefiċjarju tat-

trust kollha jew ta’ porzjon minnha, jew kwalunkwe persuna

fiżika oħra li teżerċita kontroll effettiv aħħari fuq it-trust.

Persuna Rapportabbli titqies bħala benefiċjarju ta’ trust jekk tali

Persuna Rapportabbli jkollha d-dritt li tirċievi direttament jew

indirettament, pereżempju, permezz ta’ persuna nominata,

distribuzzjoni mandatorja jew tista’ tirċievi, direttament jew

indirettament, distribuzzjoni diskrezzjonarja mit-trust.

11. "Kuntratt ta’ Assigurazzjoni" tfisser kuntratt, għajr

Kuntratt ta’ Annwalità, li bih l-emittent jaqbel li jħallas ammont

mal-okkorrenza ta’ kontinġenza speċifikata li tinvolvi mortalità,

morbożità, inċident, responsabbiltà, jew riskju tal-proprjetà.

12. "Kuntratt ta’ Annwalità" tfisser kuntratt li bih l-

emittent jaqbel li jagħmel pagamenti għal perjodu ta’ żmien

totalment jew parzjalment determinat b’referenza għall-

istennija tal-ħajja ta’ individwu wieħed (1) jew aktar. It-terminu

jinkludi wkoll kuntratt li jitqies bħala Kuntratt ta’ Annwalità

f’konformità mal-liġi, mar-regolamenti, jew mal-prattiki tal-

Istat Membru jew ġurisdizzjoni oħra li fiha inħareġ il-kuntratt ,

u li taħtu l-emittent jaċċetta li jagħmel pagamenti għal terminu

ta’ snin.

13. "Kuntratt tal-Assigurazzjoni b’Valur fi Flus" tfisser

Kuntratt tal-Assigurazzjoni, għajr kuntratt tar-riassigurazzjoni

ta’ indennizz bejn żewġ (2) kumpaniji tal-assigurazzjoni, li

għandu Valur fi Flus.

14. "Valur fi Flus" tfisser l-ikbar minn

(i)

l-ammont li d-detentur tal-polza jkun intitolat

li jirċievi meta jseħħ ċediment jew terminazzjoni tal-

kuntratt, iddeterminat mingħajr tnaqqis għal ebda ħlas

għaċ-ċediment jew self għall-polza; u

(ii) l-ammont li d-detentur tal-polza jista’ jissellef

skont il-kuntratt jew fir-rigward tiegħu. Minkejja dak hawn

fuq indikat, it-terminu "Valur fi Flus" ma jinkludix

ammont pagabbli skont Kuntratt tal-Assigurazzjoni

(a) unikament minħabba l-mewt ta’ individwu

assigurat skont kuntratt tal-assigurazzjoni fuq il-

ħajja;

(b) bħala benefiċċju għal korriment personali jew

għall-mard, jew benefiċċju ieħor li jipprovdi

indennizz ta’ telf ekonomiku li jiġġarrab malli jseħħ

l-avveniment kopert mill-assigurazzjoni;

(ċ) bħala rifużjoni ta’ premium li jkun tħallas

qabel,

bit-tnaqqis

tal-kost

tal-imposti

tal-

assigurazzjoni kemm jekk realment imposti jew

xort’oħra, skont Kuntratt tal-Assigurazzjoni, għajr

kuntratt tal-assigurazzjoni fuq il-ħajja marbut ma’

investiment jew kuntratt ta’ annwalità, minħabba

kanċellazzjoni jew terminazzjoni tal-kuntratt, tnaqqis

fl-espożizzjoni tar-riskju matul il-perjodu effettiv tal-

kuntratt, jew b’riżultat tal-korrezzjoni ta’

kollokament jew żball simili rigward il-premium

għall-kuntratt;

(d) bħala dividend ta’ detentur tal-polza, għajr

dividend tat-terminazzjoni, diment li d-dividend ikun

relatat ma’ Kuntratt tal-Assigurazzjoni li taħtu l-

uniċi benefiċċji pagabbli huma deskritti fil-punt (b);

jew

(e) bħala dħul ta’ premium bil-quddiem jew

depożitu

tal-premium

għal

Kuntratt

tal-

Assigurazzjoni li għalih il-premium huwa pagabbli

mill-inqas annwalment jekk l-ammont tal-premium

bil-quddiem jew id-depożitu tal-premium ma jaqbiżx

il-premium annwali li jmiss li jkun pagabbli skont il-

kuntratt.

Mixxellanji

1. "Proċeduri ta’ Diliġenza Dovuta tal-Klijenti" tfisser

il-proċeduri ta’ diliġenza dovuta tal-klijenti ta’ Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti skont id-Direttiva (UE)

2015/849 jew rekwiżiti simili li għalihom huwa soġġett tali

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti.

2. "Entità" tfisser persuna ġuridika jew arranġament

ġuridiku, bħal korporazzjoni, sħubija, trust jew fondazzjoni.

3. Entità tkun "Entità Relatata" ta’ Entità oħra jekk

waħda mill-Entitajiet tikkontrolla lill-Entità l-oħra, jew iż-żewġ

(2) Entitajiet jkunu taħt kontroll komuni. Għal dan l-għan, il-

kontroll jinkludi sjieda diretta jew indiretta ta’ aktar minn

ħamsin fil-mija (50%) tal-vot u l-valur f’Entità.

4. "Fergħa" tfisser unità, negozju jew uffiċċju ta’

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti li jitqies bħala

fergħa skont ir-reġim regolatorju ta’ ġurisdizzjoni jew li

xort’oħra jkun regolat skont il-liġijiet ta’ ġurisdizzjoni bħala

separat minn uffiċċji, unitajiet jew fergħat oħrajn tal-Fornitur ta’

Servizzi tal-Kriptoassi Rapportanti. L-unitajiet, in-negozji, jew

l-uffiċċji kollha ta’ Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’ġurisdizzjoni waħda għandhom jitqiesu bħala

fergħa waħda.

5. "Ftehim bejn l-Awtoritajiet Kompetenti Kwalifikanti

Effettiv" tfisser ftehim bejn l-awtoritajiet kompetenti ta’ Stat

Membru u ġurisdizzjoni mhux tal-Unjoni li jirrikjedi l-iskambju

awtomatiku tal-informazzjoni li tikkorrispondi ma’ dik

speċifikata fit-Taqsima II, il-paragrafu B, ta’ dan l-Anness kif

determinat minn att ta’ implimentazzjoni f’konformità mal-

Artikolu 8ad(11) tad-Direttiva (UE) dwar il-Kooperazzjoni

Amministrattiva.

6. "Ġurisdizzjoni Kwalifikata Mhux tal-Unjoni" tfisser

ġurisdizzjoni mhux tal-Unjoni li jkollha fis-seħħ Ftehim bejn l-

Awtoritajiet Kompetenti Kwalifikanti Effettiv mal-awtoritajiet

kompetenti tal-Istati Membri kollha li jkunu identifikati bħala

ġurisdizzjonijiet rapportabbli f’lista ppubblikata mill-

ġurisdizzjoni mhux tal-Unjoni.

7. "NIT" tfisser in-Numru ta’ Identifikazzjoni tal-

Kontribwent jew l-ekwivalenti funzjonali, fin-nuqqas ta’ Numru

ta’ Identifikazzjoni tal-Kontribwent. In-NIT huwa kwalunkwe

numru jew kodiċi li awtorità kompetenti tuża sabiex tidentifika

kontribwent.

8. "Servizz ta’ Identifikazzjoni" tfisser proċess elettroniku

magħmul disponibbli mingħajr ħlas minn Stat Membru jew l-Unjoni

lil Operatur ta’ Servizzi tal-Kriptoassi Rapportanti għall-finijiet li tiġi

aċċertata l-identità u r-residenza tat-taxxa ta’ Utent tal-Kriptoassi.

TAQSIMA V

IMPLIMENTAZZJONI EFFETTIVA

A.

Regoli għall-infurzar tar-rekwiżiti tal-ġbir u tal-verifika

stabbiliti fit-Taqsima III

1. Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta għandhom jinfurzaw ir-rekwiżiti tal-ġbir u tal-verifika

skont it-Taqsima III fir-rigward tal-Utenti tal-Kriptoassi

tagħhom.

2. Fejn Utent tal-Kriptoassi ma jipprovdix l-

informazzjoni meħtieġa skont it-Taqsima III wara żewġ (2)

tfakkiriet wara t-talba inizjali mill-Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta, iżda mhux qabel l-iskadenza ta’

sittin (60) jum, il-Fornitur ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta għandu jipprevjeni lill-Utent tal-Kriptoassi

milli jwettaq Tranżazzjonijiet Rapportabbli.

B. Regoli li jeħtieġu li l-Fornituri ta’ Servizzi tal-Kriptoassi

Rapportanti f’Malta jżommu r-records tal-passi li ttieħdu u ta’

kwalunkwe informazzjoni li bbażaw ruħhom fuqha għat-twettiq tar-

rekwiżiti tar-rapportar u tal-proċeduri ta’ diliġenza dovuta, u l-miżuri

xierqa sabiex jinkisbu dawk ir-records.

1. Il-Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta għandhom iżommu r-records tal-passi li jkunu ttieħdu u

ta’ kwalunkwe informazzjoni li jkunu użaw għat-twettiq tal-

proċeduri tar-rekwiżiti tar-rapportar u tad-diliġenza dovuta

stipulati fit-Taqsimiet II u III, rispettivament. Tali records

għandhom jibqgħu disponibbli għal perjodu twil biżżejjed u fi

kwalunkwe każ għal perjodu ta’ mhux inqas minn ħames (5)

snin iżda mhux aktar minn għaxar (10) snin wara tmiem il-

perjodu li fih il-Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta huwa meħtieġ jirrapporta l-informazzjoni jekk l-

informazzjoni hija rapportabbli skont it-Taqsima II.

2. Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta għandhom jiżguraw li l-informazzjoni kollha neċessarja

tiġi rrapportata lill-Kummissarju sabiex l-awtorità kompetenti

tkun tista’ tissodisfa l-obbligu li tikkomunika l-informazzjoni

skont ir-regolament 13(13)(ċ).

Ċ. Proċeduri amministrattivi sabiex tiġi vverifikata l-

konformità tal-Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta mar-rekwiżiti ta’ rapportar u mal-proċeduri ta’ diliġenza

dovuta

Għandhom jiġu stabbiliti proċeduri amministrattivi sabiex

jivverifikaw il-konformità tal-Fornituri ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta mar-rekwiżiti ta’ rapportar u

mal-proċeduri ta’ diliġenza dovuta stipulati fit-Taqsimiet II u

III, rispettivament.

D. Proċeduri amministrattivi għas-segwitu mal-Fornituri ta’

Servizzi tal-Kriptoassi Rapportanti f’Malta fejn tiġi rrapportata

informazzjoni mhux kompluta jew mhux preċiża

Għandhom jiġu stabbiliti proċeduri biex ikun hemm

segwitu mal-Fornituri ta’ Servizzi tal-Kriptoassi Rapportanti

f’Malta meta l-informazzjoni rrapportata ma tkunx kompluta

jew preċiża.

E. Proċedura amministrattiva għall-awtorizzazzjoni

ta’

Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

L-Awtorità għas-Servizzi Finanzjarji ta’ Malta, li hi l-

awtorità kompetenti f’Malta li tipprovdi l-awtorizzazzjoni lill-

Fornituri ta’ Servizzi tal-Kriptoassi f’konformità mar-

Regolament (UE) 2023/1114 u mal-Att dwar is-Swieq fil- Kap. 647.

Kriptoassi għandha tikkomunika fuq bażi regolari u mhux aktar

tard mill-31 ta’ Diċembru tas-sena kalendarja rilevanti jew

perjodu xieraq ieħor lill-awtorità kompetenti ta’ Malta lista tal-

Fornituri ta’ Servizzi tal-Kriptoassi awtorizzati kollha.

F. Proċedura amministrattiva għal reġistrazzjoni unika ta’

Operatur tal-Kriptoassi

1. Operatur tal-Kriptoassi li jkun Fornitur ta’ Servizzi tal-

Kriptoassi Rapportanti f’Malta li jirrapporta kif imfisser fit-Taqsima

IV, is-subparagrafu B(3), għandu jirreġistra, skont ir-regolament

13(13)(e), mal-Kummissarju kif determinat skont it-Taqsima I, is-

subparagrafu A(2), il-punt (a), (b), (ċ) jew (d), jew il-paragrafu B,

qabel tmiem il-perjodu li fih tali Operatur tal-Kriptoassi għandu

jirrapporta l-informazzjoni stipulata fit-Taqsima II, il-paragrafu B.

Jekk tali Operatur tal-Kriptoassi jissodisfa l-kundizzjonijiet fit-

Taqsima I, is-subparagrafu A(2), il-punt (a), (b), (ċ) jew (d), jew il-

paragrafu B, rispettivament, f’aktar minn Stat Membru wieħed, huwa

għandu jirreġistra mal-awtorità kompetenti ta’ wieħed minn dawk l-

Istati Membri, qabel tmiem il-perjodu li fih l-Operatur tal-Kriptoassi

jrid jirrapporta l-informazzjoni stipulata fit-Taqsima II, il-paragrafu

B.

Minkejja s-subparagrafu F(1), l-ewwel subparagrafu, Operatur

tal-Kriptoassi li huwa Fornitur ta’ Servizzi tal-Kriptoassi Rapportanti

kif imfisser fit-Taqsima IV, is-subparagrafu B(3), ma għandux

jirreġistra mal-awtorità kompetenti ta’ Stat Membru li fih tali

Operatur tal-Kriptoassi ma jkunx meħtieġ jikkompleta r-rekwiżiti ta’

rapportar u ta’ diliġenza dovuta stabbiliti fit-Taqsimiet II u III,

rispettivament, skont it-Taqsima I, il-paragrafu Ċ, D, E, F, G jew H,

peress li tali rekwiżiti jitlestew minn tali Operatur tal-Kriptoassi fi

kwalunkwe Stat Membru ieħor.

2. Jekk Malta tkun l-Istat Membru magħżul għall-finijiet ta’

reġistrazzjoni unika, determinata skont is- subparagrafu F (1), mar-

reġistrazzjoni, l-Operatur tal- Kriptoassi għandu jikkomunika lill-

Kummissarju l- informazzjoni li ġejja

(a)

l-isem;

(b)

l-indirizz postali;

(ċ)

l-indirizzi elettroniċi, inkluż is-siti web;

(d) kwalunkwe

NIT

maħruġ

lill-Operaturi

tal-

Kriptoassi;

(e)

l-Istati Membri li fihom l-Utenti Rapportabbli huma

residenti skont it-tifsira tat-Taqsima III, il-paragrafi A u B;

(f)

kwalunkwe Ġurisdizzjoni Kwalifikata Mhux tal-

Unjoni kif imsemmi fit-Taqsima I, il-paragrafi Ċ, D, E, F jew H.

3. L-Operatur tal-Kriptoassi għandu jinnotifika lill-

Kummissarju dwar kwalunkwe tibdil li tista’ ssir fl-informazzjoni

pprovduta skont is-subparagrafu F(2).

4. Għandu jiġi allokat numru ta’ identifikazzjoni individwali

lill-Operatur tal-Kriptoassi u l-awtorità kompetenti f’Malta għandha

tinnotifikah lill-awtoritajiet kompetenti tal-Istati Membri kollha

permezz ta’ mezzi elettroniċi.

5. Jekk Malta tkun l-Istat Membru uniku ta’ reġistrazzjoni ,

il-Kummissarju għandu jkun jista’ jneħħi Operatur tal-Kriptoassi mir-

reġistru tal-Operaturi tal-Kriptoassi fil-każijiet li ġejjin

(a)

l-Operatur

tal-Kriptoassi

jinnotifika

lill-

Kummissarju li ma għadx għandu Utenti Rapportabbli fl-

Unjoni;

(b) fin-nuqqas ta’ notifika skont il-punt (a), ikun hemm

raġunijiet sabiex wieħed jassumi li l-attività ta’ Operatur tal-

Kriptoassi tkun waqfet;

(ċ)

l-Operatur tal-Kriptoassi ma għadux jissodisfa l-

kundizzjonijiet stabbiliti fit-Taqsima IV, is-subparagrafu B(2);

(d) il-Kummissarju rrevoka r-reġistrazzjoni skont is-

subparagrafu F(7).

6. L-awtorità kompetenti ta’ Malta għandha tinnotifika

minnufih lill-Kummissaerju dwar kwalunkwe Operatur tal-Kriptoassi

skont it-tifsira tat-Taqsima IV, is-subparagrafu B(2), li jkollu Utenti

Rapportabbli residenti fl-Unjoni filwaqt li jonqos milli jirreġistra lilu

nnifsu skont dan il-paragrafu.

7. Fejn Operatur tal-Kriptoassi ma jikkonformax mal-

obbligu li jirrapporta skont it-Taqsima II, il-paragrafu B, ta’ dan l-

Anness wara żewġ (2) tfakkiriet mill-Kummissarju, jekk Malta tkun

l-Istat Membru uniku ta’ reġistrazzjoni, il-Kummissarju għandu, bla

ħsara għar-regolament 53, jirrevoka r-reġistrazzjoni tal-Operatur tal-

Kriptoassi li tkun saret skont r-regolament 13(13)(e). Ir-reġistrazzjoni

għandha tiġi revokata sa mhux aktar tard mill-iskadenza ta’ disgħin

(90) jum iżda mhux qabel l-iskadenza ta’ tletin (30) jum wara t-tieni

tfakkira.".