REVOCATION OF RESTRICTIONS REGULATIONS

REVOCATION OF RESTRICTIONS

SUBSIDIARY LEGISLATION 233.06

REVOCATION OF RESTRICTIONS REGULATIONS

19th April, 2004

LEGAL NOTICE 382 of 2004, as amended by L.N. 336 of 2005.

The title of these regulations is the Revocation of

Restrictions Regulations.

In these regulations, unless the context otherwise requires -

"EEA State" means a State which is a contracting party to the

agreement on the European Economic Area signed at Oporto on the

2nd May, 1992, as amended by the Protocol signed at Brussels on

the 17th March, 1993 and as amended from time to time.

Applications by residents of a non-EEA State for the issue,

acquisition, sale and redemption of securities not listed on the

Malta Stock Exchange in local companies established or to be

established in Malta have to be cleared by the Registrar of

Companies at the Malta Financial Services Authority. Such

procedure does not apply to international trading companies as

defined in article 2 of the Income Tax Act and to companies which

own a vessel registered under the Merchant Shipping Act, and

where the resident participation does not exceed 20 per cent.