MT
PROMOTION OF GENDER BALANCE AMONG DIRECTORS OF LISTED COMPANIES REGULATIONS
Statutory Text (4 Articles)
PROMOTION OF GENDER BALANCE AMONG
DIRECTORS OF LISTED COMPANIES
SUBSIDIARY LEGISLATION 456.04
PROMOTION OF GENDER BALANCE AMONG
DIRECTORS OF LISTED COMPANIES
REGULATIONS
28th December, 2024
LEGAL NOTICE 376 of 2024.
(1)
The title of these regulations is the Promotion of
Gender Balance among Directors of Listed Companies Regulations.
(2)
These regulations shall come into force on such date as
the Minister responsible for equality, may by notice in the Gazette
establish and different dates may be so established for different
provisions and, or purposes of these regulations.
(3)
The scope of these regulations is to transpose Article 10
of the Directive (EU) 2022/2381 of the European Parliament and of the
Council of 23 November 2022 on improving the gender balance
among directors of listed companies and related measures.
In these regulations, unless the context otherwise
requires
"Act" means the Equality for Men and Women Act;
"Authority" shall have the same meaning as assigned to it
in article 2 of the Malta Financial Services Authority Act;
"Commission" means the National Commission for the
Promotion of Equality for Men and Women appointed in
accordance with article 11 of the Act and includes any officer
of the Commission duly authorised by it to act on its behalf for
any specific purpose under the Act;
"Directive" means Directive (EU) 2022/2381 of the
European Parliament and of the Council of 23 November 2022
on improving the gender balance among directors of listed
companies and related measures;
"listed company" shall have the same meaning as
assigned to it in article 2(1) of the Financial Markets Act.
(1)
The Commission shall promote, analyse, monitor
and support gender balance on boards of listed companies in order to
compile a yearly report on the implementation of the Directive.
(2)
The Commission shall, in order to carry out its functions
in accordance with this regulation, insofar as required, be provided by
PROMOTION OF GENDER BALANCE AMONG
DIRECTORS OF LISTED COMPANIES
the Authority with information about the gender representation on the
boards of listed companies and with information regarding the
measures taken with a view to achieving the applicable objectives for
the purposes of gender balance on boards of listed companies, in
accordance with the Directive.