Cap. 505 Art. 3Authority to participate in the EuropeanFinancial Stability Facility.

(1) Subject to the provisions of this Act, the Government of Malta may participate in the European Financial Stability

Facility as a shareholder in the subscribed share capital and authorized share capital, and as a director on the board of directors, in accordance with the terms and conditions set out in the memorandum and articles of association, for the purpose identified under sub-article (2), and as approved by the House of Representatives.

(2) The European Financial Stability Facility shall facilitate or

*See article 1(2) of the Act as originally enacted, and Legal Notice 377 of 2010.