S.L. 386.14 Art. 26Appeals. Cap. 330.

(1) Any person who feels aggrieved by a decision of the competent authority -

(a) to refuse to issue an approval for a company to be formed or constituted as an incorporated cell company;

(b) to refuse to issue an approval to an incorporated cell company to establish incorporated cells;

(c) to refuse to issue an approval for a non-cellular company carrying on the activity of a collective investment scheme to transform itself into an incorporated cell company;

(d) to refuse to issue an approval for a segregated multi-fund company to be divided into an incorporated cell company and incorporated cells;

(e) to refuse to issue an approval for an incorporated cell to transform itself into a non-cellular company carrying on the activity of a collective investment scheme;

(f) to refuse to issue an approval for an incorporated cell to relocate from one incorporated cell company to another incorporated cell company; and

(g) to refuse to issue an approval for a non-cellular company carrying on the activity of a collective investment scheme to transform itself into an incorporated cell, may appeal against the decision to the Financial Services Tribunal.

(2) The provisions of article 21 of the Malta Financial Services Authority Act shall apply to appeals that may be mutatis mutandis brought before the Tribunal under this regulation.