S.L. 330.7 Art. 3Object.

(1) The object of these regulations is to implement the provisions of Directive 2002/65/EC of the European Parliament and of the Council of 23 September 2002 concerning the distance marketing of consumer financial services and amending Council Directive 90/619/EEC and Directives 97/7/EC and 98/27/EC, and shall be interpreted and applied accordingly.

(2) Regulations 15 to 23 implement the provisions of Directive 98/27/EC of the European Parliament and of the Council of 19th May 1998 on injunctions for the protection of consumer interests, as applicable to the distance marketing of consumer financial services and shall be interpreted and applied accordingly.

(3) In relation to the Distance Marketing Directive, the Malta Financial Services Authority shall be the competent authority for all the purposes of Regulation (EC) No 2006/2004 of the European Parliament and of the Council of 27 October 2004 on cooperation between national authorities responsible for the enforcement of consumer protection laws.