S.L. 590.1 Art. 5Exemption from the requirement of article 29.

The provisions of article 29 of the Act shall not apply to:

(a) any advertisement issued or caused to be issued by:

(i) the Government of Malta; or

(ii) the Central Bank of Malta; or

(iii) any international organization the members of which include Malta;

(b) any advertisement issued or caused to be issued by any person who is under these regulations exempt from the requirement of a licence, provided that the advertisement strictly relates to matters in respect of which such person is exempt;

(c) any advertisement issued or caused to be issued solely to:

(i) licence holders; or

(ii) a person whose ordinary business involves the acquisition and disposal of virtual financial assets; or

(iii) a person who is acting under an exemption from the requirement of a licence under these regulations provided that the advertisement relates to matters in respect of which such person is exempt;

(d) any advertisement contained in a publication published and circulated principally outside Malta, or in a sound or television broadcast transmitted principally for reception outside Malta, or any other communication using any other medium, originating outside Malta, unless the advertisement is directed to persons in Malta, or is otherwise intended to be made available to persons in Malta not being persons falling within the scope of paragraph (b) of this regulation:

Provided that the exemption described in this regulation shall not apply where the advertisement is issued, broadcast or transmitted by:

(i) a licence holder; or

(ii) a licence holder in exercise of a European right within the meaning of article 2, and subject to the provisions of article 60 of the Act. Part III Fees