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S.L. 403.2 · Insurance Business (Custodian Of Assets) (S.L. 403.2)

S.L. 403.2 Art. 2Interpretation. Cap. 403. Cap. 330. Cap. 204.

In KraftAmtlicher Text

(1) In these regulations, unless the context otherwise requires -"the Act" means the Insurance Business Act;

"assets", in relation to a custodian, shall be construed in accordance with the provisions of the Schedule;

"Authority" means the Malta Financial Services Authority established by article 3 of the Malta Financial Services Authority Act and appointed under article 3 of the Act to be the competent authority for the purposes of the Act; "Central Bank of Malta" or "Central Bank" means the bank established by article 3 of the Central Bank of Malta Act; "custodian of assets" or "custodian", in relation to assets held or required to be held in custody for a company’s account by virtue of any provision of the Act, shall be construed in accordance with the provisions of regulation 4 and the Schedule.

(2) Words and expressions which are also used in the Act have the same meanings as in the Act.