Cap. 592 Art. 2Interpretation.   Cap. 591. Cap. 592.         Cap. 590. Cap. 591.       Cap. 281.

(1) Unless the context otherwise requires, terms and phrases not defined in this Act shall have the same meaning as the said terms and phrases are given in the Malta Digital Innovation

Authority Act.

(2) In this Act, unless the context otherwise requires -

"this Act" means the Innovative Technology Arrangements and Services Act, and includes any regulations made, and rules and guidelines issued thereunder unless the context otherwise requires;

*This Act is repealed by Act XIX of 2024. See article 56. ARRANGEMENTS AND SERVICES

"administrator" means an officer or any person who is appointed to carry out representative and fiduciary functions in the control and administration of a legal organisation, and any person who carries out such functions even if under another name, but shall not include a technical administrator or a resident agent under this

Act or a VFA agent under the Virtual Financial Assets Act, and the term "board of administrators" shall be construed accordingly;

"auditor" means a systems auditor of innovative technology arrangements and related smart contracts recognised under this Act;

"Authority" means the Malta Digital Innovation Authority established by the MDIA Act and any reference to the Authority shall, unless the context otherwise requires, be construed as including a reference to any person authorised by the Authority to act for or on its behalf;

"innovative technology arrangement" means an arrangement listed in the First Schedule;

"innovative technology service" means a service listed in the Second Schedule, and "innovative technology service provider" shall be construed accordingly;

"the MDIA Act" means the Malta Digital Innovation Authority Act, and includes any regulations made, and rules and guidelines issued thereunder, unless the context otherwise requires;

"Minister" means the Minister responsible for Digital Economy;

"national competent authorities" are authorities, departments, agencies or divisions of the Government or government entities which carry out supervision, regulatory or assessment functions of persons applying for any form of recognition under applicable law as are listed in the First Schedule to the MDIA Act;

"systems auditor" means a person who, upon a written engagement accepts to review and, or audit innovative technology arrangements and smart contracts or parts thereof who may not necessarily be an accountant or auditor with a practicing certificate under the Accountancy Profession Act;

"technical administrator" means the person who, upon a written engagement accepts to carry out specific functions relating to the operation, of the whole or a designated part, of an innovative technology arrangement as are established in this Act, in guidelines issued by the Authority, as the same may be supplemented by the conditions applicable to the certification of the particular certified innovative technology arrangement.