S.L. 575.4 ст. 5Policy and the financing remit.

(1) Annually, by not later than end of January, the

Accountant General shall publish the annual borrowing plan for an entire financial year (January - December), stating among other things the maximum amount of cash that can be raised through debt securities and debt instruments including conventional and floating rate Malta Government Stocks. The Accountant General shall publish:

(a) an indicative number of issuances;

(b) indicative intervals within which the Stocks shall be issued; and

(c) indicative maturity band of Malta Government Stocks.

The indicative issuance calendar shall be updated as provided for under article 18(5) of the Act.

(2) The annual borrowing plan may be varied during the year in the light of any substantial changes from the original or the updated Annual Borrowing Plan. Any such variations to the issuance programme shall be announced in an updated annual borrowing plan to be published in terms of article 18(6) of the Act.