S.L. 370.42 Art. 4Appointment of tied agents established in Malta.

(1) A Maltese investment firm or a European investment firm exercising a European right, 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) A Maltese investment firm or a European investment firm, exercising a European right, may appoint a tied agent established in Malta in terms of sub-regulation (1) only if such tied agent has been registered by the competent authority in the public register kept in terms of regulation 8.

(3) Tied agents established in Malta and registered in terms of regulation 8 shall be exempt from the provisions of article 3 of the Act.