MORATORIUM ON CREDIT FACILITIES IN EXCEPTIONAL CIRCUMSTANCES (EXTENSION) REGULATIONS

MORATORIUM ON CREDIT FACILITIES IN

EXCEPTIONAL CIRCUMSTANCES (EXTENSION)

SUBSIDIARY LEGISLATION 465.46

MORATORIUM ON CREDIT FACILITIES IN

EXCEPTIONAL CIRCUMSTANCES

(EXTENSION) REGULATIONS

30th June, 2020

LEGAL NOTICE 278 of 2020.

The title of these regulations is the Moratorium on Credit

Facilities in Exceptional Circumstances (Extension) Regulations.

(1)

In furtherance to sub-regulations (2) and (3) of

regulation 5 of the Moratorium on Credit Facilities in Exceptional

Circumstances Regulations, the Minister responsible for public health,

after consultation with the Minister for Finance and Financial

Services, is hereby extending -

(a)

the six-month (6) moratorium for a further period

of six (6) months; and

the period for applications from 30 th June, 2020,

(b)

th

to 30 September, 2020

Provided that the extension referred to in paragraph (a)

above shall require submission of an application for extension,

with the period for applications ending on 30 th September 2020,

and shall be applicable only to borrowers who have been

granted a moratorium on credit facilities between 1 st March,

2020 and 30 th June, 2020.

(2)

The six-month (6) extension referred to in paragraph (a)

above shall apply from the day following that on which the first six-

month (6) period would have expired.