Malta Financial Services Authority Act (Cap. 330)

Malta Financial Services Authority Act (Cap. 330), article 3

Official PDF on legislation.mt

3. (1) There shall be an authority, to be called the Malta Financial Services Authority. (2) The Authority shall be a body corporate having a distinct legal personality and capable of entering into contracts, of acquiring and disposing of property of any kind for the purpose s of its functions under this Act or any other law, of suing and of being sued, and of doing all such things and entering into all transa ctions as are incidental to or conduciv e to the exercise or performanc e of its functions aforesaid. (3) Save as expressly provided for in this Act or in any other Act administered by the Authority, in the exercise of its funct ions and powers the Authority, including its decision making bodies, sha ll be autonomous and shall act objectively and independently, and sha ll not seek or take instructions from, nor be subject to any interfere nce by any other authority, body or person. Cap. 601. (4) The provisions of article 77 of the Public Finance Management Act shall not apply to the Authority. Functions of the Authority. Amended by: XIII.1994.6. Substituted by: XVII. 2002.106. Amended by: XX. 2007.4; XIX. 2010.4; XX. 2013.20; XXI. 2015.4; VIII.2019.3; XVII.2019.80; LXII.2020.2; XLVI.2021.4.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.