Malta Financial Services Authority Act (Cap. 330), article 7B

7B. (1) The Board of Governors shall also act as the Resolution Authority, which shall be the authority appointed fo r the purposes of Article 3 of the BRRD . (2) The Resolution Authority sha ll appoint a Resolution Committee which shall have all the powers assigned to the Resolution Auth ority under the BRRD . The composition, powers and functions of the Resolution Committee shall be governed by the provisions set ou t in the First Schedule and in terms of any regulations made hereunder. The Resolution Authority and the Resolution Committe e shall be operationally independent and shall act independently of each other and of the Executive Comm ittee. Recovery and Resolution Rules. Added by: XXI. 2015.5.