MT
APPOINTMENT OF THE COMPETENT AUTHORITY (INVESTMENT FIRMS REGULATION AND INVESTMENT FIRMS DIRECTIVE) REGULATIONS *
Statutory Text (4 Articles)
APPOINTMENT OF THE COMPETENT AUTHORITY
(INVESTMENT FIRMS REGULATION AND
INVESTMENT FIRMS DIRECTIVE)
SUBSIDIARY LEGISLATION 370.45
APPOINTMENT OF THE COMPETENT AUTHORITY
(INVESTMENT FIRMS REGULATION AND
INVESTMENT FIRMS DIRECTIVE) REGULATIONS *
23rd July, 2021
LEGAL NOTICE 309 of 2021.
(1)
The title of these regulations is the Appointment
of the Competent Authority (Investment Firms Regulation and
Investment Firms Directive) Regulations.
(2)
The purpose of these regulations is to implement point
(7) of Article 4(1) of the Investment Firms Regulation and transpose
point (5) of Article 3(1) and Article 4(1) of the Investment Firms
Directive.
(1)
In these regulations, unless the context otherwise
requires -
"the Act" means the Investment Services Act;
"competent authority" means the Malta Financial
Services Authority established by article 3 of the Malta
Financial Services Authority Act;
"Investment Firms Directive" means Directive 2019/
2034 of the European Parliament and of the Council of 27
November 2019 on the prudential supervision of investment
firms and amending Directives 2002/87/EC, 2009/65/EC, 2011/
61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU, as amended
from time to time, and includes any binding legal instruments,
guidelines and other measures that have been or may be issued
thereunder;
"Investment Firms Regulation" means Regulation 2019/
2033 of the European Parliament and of the Council of 27
November 2019 on the prudential requirements of investment
firms and amending Regulations (EU) No 1093/2010, (EU) No
575/2013, (EU) No 600/2014 and (EU) No 806/2014, as
amended from time to time, and includes any binding legal
instruments, guidelines and other measures that have been or
may be issued thereunder;
(2)
Words and expressions used in these regulations shall
have the same meaning assigned to them in the Act.
*These regulations has been repealed by Legal Notice 229 of 2022.
APPOINTMENT OF THE COMPETENT AUTHORITY
(INVESTMENT FIRMS REGULATION AND
INVESTMENT FIRMS DIRECTIVE)
The Malta Financial Services Authority shall be the
designated competent authority in Malta for the purposes of the
Investment Firms Regulation and the Investment Firms Directive and
shall carry out the functions and duties as competent authority for all
purposes of the Investment Firms Regulation and the Investment Firms
Directive, and the Commission of the European Union, ESMA, the
EBA and European regulatory authorities shall be informed
accordingly.