Cap. 529 Art. 16Appeals.

(1) In this article, the Financial Services Tribunal means the tribunal established under article 21 of the Malta Financial

Services Authority Act.

(2) Subject to the provisions of this Act, an appeal shall lie to the Financial Services Tribunal with respect to:

(a) any failure to inform an applicant or an authorised or registered person, as applicable, of the refusal of its application or of the cancellation of its authorisation or registration, as applicable, in terms of article 7;

(b) any administrative penalty imposed under article 9;

(c) any refusal of an application for an authorisation or registration, as applicable, or cancellation of authorisation or registration, as applicable, in accordance with articles 5 and 6;

(d) any directive given under article 11 or under article 16(2)(b) of the Malta Financial Services Authority Act;

(e) the variation of any condition or the imposition of any new condition in terms of article 7.

(3) The provisions of article 21 of the Malta Financial Services

Authority Act shall apply to appeals that may be mutatis mutandis brought before the Financial Services Tribunal in terms of this article.

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