Cap. 591 Art. 3Promotion and developmentof the Authority’s interests. 

The Government shall, through the establishment of the

Authority in Malta, seek the progress of the innovative technology sector in Malta and the fostering of innovative technology development in or from Malta through the recognition and regulation of relevant innovative technology and related services, the issuing and promotion of initiatives and incentives aimed at the innovative technology sector and the adoption of standards that add trust in innovative technology. This shall be done:

(a) in full respect of the importance of not hindering innovation and the efforts and potential of small and medium-sized enterprises and the start-up sector in this area of activity;

(b) while considering that the approach to recognition and regulation may be moderated by the pace of changes and developments taking place in this sector;

(c) in a manner ensuring that there are standards in place for the protection of users, the integrity of the market, and the public interest in general;

(d) in a manner that incentivises innovation and innovative technology development in or from Malta;

(e) in a manner that is consistent with European and international laws applicable to Malta; and

(f) in line with the values outlined in the strategy of the Authority or similar document, as may be updated from time to time.