Cap. 647 Art. 49 Appeals.  Cap. 330.       Cap. 330.            Cap. 330.   Cap. 330.

(1) For the purposes of this article, Tribunal means the

Financial Services the Tribunal established by article 21 of the Malta

Financial Services Authority Act.

(2) Any person who feels aggrieved by a decision of the competent authority in terms of this Act, or in any regulations made thereunder, or the Rules issued thereunder, may appeal against such decision to the Tribunal within such period and under such conditions as etablished in article 21 of the Malta Financial Services Authority

Act.

(3) Without prejudice to the provisions of sub-article (2), any person who feels aggrieved by the competent authority’s failure to take a decision in respect of an application for authorisation which contains all the information required in accordance with the MiCA Regulation and this Act within six (6) months from the date of submission of the complete application, may appeal against such failure to decide to the

Tribunal within such period and under such conditions as established in article 21 of the Malta Financial Services Authority Act.

(4) An appeal against a decision of the competent authority shall not suspend the operation of such decision:

Provided that a decision of the competent authority to withdraw an authorisation granted in accordance with the MiCA Regulation and this Act shall not become operative until the expiration of the period within which an appeal is filed in accordance with this article and, in the case that an appeal is filed within such period, the decision shall become operative on the date of the decision of the Tribunal dismissing the appeal, or on the date on which the appeal is abandoned, whichever is the earliest.

(5) Subject to the provisions of this article, the provisions of article 21 of the Malta Financial Services Authority Act shall apply, to appeals that may be brought before the Tribunal mutatis mutandis, in accordance with this article.