Cap. 383 Art. 2Definitions.

In this Act, unless the context otherwise requires -

"Central Bank" means the Central Bank of Malta established by the Central Bank of Malta Act;

"competent authority" means the body appointed as the competent authority under and for the purposes of the Banking Act; "controlled asset" means and includes a bank or other credit institution, property, partnership, firm or other business in respect of which the Minister, in terms of article 18 of the Banking Act*, or the competent authority in terms of article 29 of the Banking Act, has appointed a person or persons to assume control of the same; "Controller" means a person appointed by the Minister in terms † of article 18 of the Banking Act or by the competent authority of Malta in terms of article 29 of the Banking Act;

"Minister" means the Minister responsible for finance.