Cap. 575 ст. 10Raising and lending of money in terms of the Loan Facility Agreement with the Single Resolution Board. 575. 7

(1) The Minister may represent the Republic of

Malta when entering into the Loan Facility Agreement with the

Single Resolution Board in pursuance of Regulation (EU) No. 806/

2014 of the European Parliament and of the Council of 15 July 2014

establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No. 1093/2010.

(2) The Minister may, in terms of the Loan Facility Agreement between the Republic of Malta and the Single Resolution Board referred to in sub-article (1), raise a sum of money by way of loan for the purpose of lending to the Single Resolution Board an unsecured loan facility of up to sixty-six million euro (€66,000,000).

(3) For the purposes of sub-articles (1) and (2), the Minister responsible for finance is hereby authorised to borrow sums of money on such terms and subject to such conditions as the said Minister may approve under the provisions of this Act for an amount which in total does not exceed sixty-six million euro (€66,000,000).