S.L. 575.1 · Malta Government Retail Savings Bonds (S.L. 575.1)
S.L. 575.1 ст. 5Individualsentitled to purchase and hold the Retail Savings Bonds. Cap. 12.
(1) The Retail Savings Bonds can be, purchased and held by an eligible investor:
(a) in his own name only; or
(b) jointly with another eligible investor, as the Accountant General decides and specifies in the terms and conditions governing the issuance of the Retail Savings Bonds.
(2) In the case that Retail Savings Bonds are purchased jointly between two individuals, all correspondence will be sent to the individual named first on the application form.
(3) Except in the case provided for in sub-regulation (4), Retail Savings Bonds must be held directly in the name of the eligible investor and may not be held by a person on behalf of any other eligible investor.
(4) Retail Savings Bonds may be purchased on behalf of and held in the name of an eligible investor who lacks the capacity or is interdicted by the Court in accordance to the provisions of Title IV of the Code of Organization and Civil Procedure by the eligible investor’s curator appointed by the Court. In the case where Retail Savings Bonds are purchased in this way, the bonds shall be deemed to be purchased by the eligible investor.