Cap. 161 Art. 4BRaising and lending of money in terms of the Loan Facility Agreement with the Single Resolution Board.

(1) The Minister responsible for finance may represent the Republic of Malta when entering into the Loan Facility Agreement with the Single Resolution Board in pursuance of Regulation (EU)

No. 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No. 1093/2010.

(2) The Minister responsible for finance may, in terms of the Loan Facility Agreement between the Republic of Malta and the Single Resolution Board referred to in sub-article (1), raise a sum of money by way of loan for the purpose of lending to the Single Resolution Board an unsecured loan facility of up to sixty-six million Euro (€66,000,000).

(3) For the purposes of sub-articles (1) and (2) the Minister responsible for finance is hereby authorised to borrow sums of