Cap. 204 чл. 60Power to issue regulations.

(1) The Minister may, by regulations, amend the Schedules to this Act.

(2) Without prejudice to the Treaties, the Statute and any legal acts issued thereunder and without prejudice to the ability of the

Bank to carry out its functions under this Act, the Treaty and the Statute, the Minister may, after consultation with the Bank, by regulations appoint the Bank to act as competent authority for the purposes of any regulation or other legal act issued under the Treaties or the Statute or when otherwise required as a result of Malta’s membership of the European Union or in order to carry out a function which is important for the stability or orderly functioning of the financial system. The Minister may further provide in such regulations for anything that is necessary for the carrying into effect of any of the provisions of any such regulation or other legal act, including to empower the Bank to issue and enforce sanctions and to grant competence to any court or tribunal in Malta to settle disputes arising under such regulations or other legal acts.