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S.L. 403.15 · Insurance Business (Reorganisation And (S.L. 403.15)

S.L. 403.15 Art. 2Interpretation.

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(1) In these regulations, unless the context otherwise requires -

"the Act" means the Insurance Business Act; "administrator" means:

(a) in Malta, any person or body appointed by the relevant authorities for the purpose of administering reorganisation measures; or

(b) in another Member State or EEA State, any person or body appointed by the foreign administrative or judicial authorities or by the governing bodies of an insurance undertaking authorised in that Member State or EEA State for the purposes of administering reorganisation measures;

"branch" means any permanent presence of an insurance undertaking in the territory of a Member State or an EEA State other than the home Member State which carries on business of insurance; "the competent authority" means the Malta Financial Services Authority established by the Malta Financial Services Authority

Act; "court" means the Civil Court, in its contentious jurisdiction in its role as the judicial authority competent for the purposes of the reorganisation measures or winding-up proceedings in terms of

Wijzigingsgeschiedenis
  • Amended by L.N. 403 of 2015