S.L. 370.14 Art. 4Appointment of tied agents established in Malta.

(1) An investment services licence holder or a European investment firm wishing to appoint a tied agent established in

Malta to carry out business in Malta or elsewhere shall apply to the competent authority for the registration of such tied agent.

(2) An investment services licence holder or a European investment firm may appoint a tied agent established in Malta in terms of subregulation (1) only if such tied agent has been registered by the competent authority in the public register kept in terms of regulation 9.

(3) Tied agents established in Malta and registered in terms of regulation 9 shall be exempt from the provisions of article 3 of the Act.