Cap. 330 Art. 2Interpretation.

In this Act unless the context otherwise requires:

''Authority'' means the Malta Financial Services Authority established by article 3;

"Audit Committee" means the Committee established by article

12A;

''Board of Governors'' means the Board of Governors of the

Authority established by article 6;

"the BRRD" means Directive 2014/59/EU of the European

Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and

Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No. 1093/2010 and (EU) No. 648/2012, of the European Parliament and of the Council, as amended from time to time, and includes any implementing measures, implementing technical standards, regulatory technical standards, guidelines and similar measures that have been or may be issued thereunder; "Chief Executive Officer" means the Officer responsible for the overall performance of the Authority and the implementation of its objectives, strategy, and of policies as set by the Board of Governors. The Chief Executive Officer shall be appointed by the Board of Governors. The Chief Executive Officer shall be a non-voting member of the Board of Governors; "Chief Officer" means the Officer responsible for a Directorate; "Directorate" means a section of the Authority, established by the Board of Governors in terms of article 5, made up of a number of units and functions; "Disclosure Regulation" means Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector, as amended from time to time, and includes any binding legal instruments, guidelines and other measures that have been or may be issued thereunder; "Executive Committee" means the Committee appointed in terms of article 9; "Enforcement Decisions Committee" means the sub-committee of the Executive Committee established by article 11; ''financial year'' means a period of twelve months beginning on the 1st day of January and ending on the 31st day of December of each year;

''financial services'' means the business of credit and financial institutions, the business of insurance and the activities of insurance intermediaries, the provision of investment services and collective investment schemes, pensions and retirement funds, regulated markets, central securities depositories and such other areas of activity or services as may be placed under the supervisory and regulatory competence of the Authority by the Minister or by any other law;

"General Counsel" means the Officer leading the Directorate for Legal and International Relations;

"institution" means a credit institution or an investment firm; "internal audit" means an independent, objective assurance and consulting activity designed to add value and improve the operations of the Authority; "local regulated market" means a regulated market authorized under the Financial Markets Act; "MiFID" means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder; "Minister" means the Minister responsible for the regulation of Financial Services; ''person'' includes any entity corporate or unincorporated which may hold a licence or other authorisation issued by the Authority or which falls within the supervisory or regulatory authority of the Authority; ''prescribed'' means prescribed under this Act, or any regulations or Rules issued thereunder; "Taxonomy Regulation" means Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088, as amended from time to time, and includes any binding legal instruments, guidelines and other measures that have been or may be issued thereunder.