Trusts and Trustees Act (Cap. 331), article 46

46. The Authority may at any time cancel or suspend an authorisation in acco rdance with the provi sions of this Act: (a) if it considers that the holder thereof is not or is no longer an approved person to act as a trustee; or (b) if it considers that the holder thereof does not fulfil the requirements of, or has contravened, any of the provisions of this Act or of any rules or regulations made thereunder, or has failed to satisfy or comply with any obligation or condition to which he or the authorisation is subject by virtue of or under this Act; or (c) if the Authority has been furnished by or on behalf of the authorised trustee with information which is false, inaccurate or misleading; or (d) if the authorised trustee does not commence activities pursuant to its authorisation within twelve months of its issue or within such other period as may be specified in the authorisation or has ceased to provide such service; or (e) if it considers it desirable to cancel or suspend the authorisation for the protection of the general public or the reputation of Malta tak ing into account Malta’s international commitments; or (f) at the request of the authorised trustee; or (g) in any other circumstances under which the Authority would have been precluded from issuing an authorisation under this Act or where it would have been entitled to refuse the grant of such authorisation: Provided that the provisions of this article shall also apply, mutatis mutandis , with respect to a registration applied for in accordance with article 43B and granted in accordance with article 45. 50 CAP. 331.] TRUSTS AND TRUSTEES Notification of proposed refusal, variation, cancellation or suspension of an authorisation. Added by: XX. 1994.4. Substituted by: XIII. 2004.29. Amended by: XXIX.2025.5.