Malta Financial Services Authority Act (Cap. 330), article 4A

4A. The granting of a licence is a concession and a revocable privilege, and no holder thereof shall be deemed to have acquir ed any vested rights therein or thereunder. The burden of proving the licence holder’s qualifications t o hold a licence shall rest at all times on the licence holder. In t his sub-article, licence inclu des and applies to any licence and authorisation, however designated, issued by the Authority under any legislation for whose administration it is responsible. The Authority. Amended by: XV . 1989. 3; XIII.1994.8. Substituted by: XVII. 2002.106. Amended by: IV . 2003.16; VIII.2019.4.