S.L. 459.1 ст. 1Citation.

(1) The title of these regulations is the Financial Collateral Arrangements Regulations.

(2) The purpose of these regulations is, in part, to implement the provisions of Directive 2002/47/EC on financial collateral arrangements and Directive 2009/44/ EC of the European Parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC, as currently in force and as may be amended from time to time, including any implementing measures that have been issued or may be issued thereunder and to provide for other matters relating to financial collateral arrangements and they shall be interpreted and applied accordingly.

(3) In the event of a conflict between any of these regulations and the provisions of any of the Directives mentioned in sub-regulation (2), the provisions of the Directives shall prevail.

(4) The provisions of these regulations shall be without prejudice to:

(a) Directive 2008/48/EC of the European Parliament and the Council of 23 April 2008 on credit agreements for consumers, as amended from time to time, and the Consumer Credit Regulations; and

(b) the BRRD, the CCP RRR, the relevant provisions of the Malta Financial Services Authority Act and Financial Markets Act transposing the CCP RRR, and the Recovery and Resolution Regulations..