Cap. 403 Art. 58Appeals.

(1) Subject to the provisions of this article, an appeal shall lie to the Financial Services Tribunal with respect to -

(a) any failure to inform an applicant within the term provided in sub-article (9) or (10) of article 7;

(b) any refusal to issue an authorisation under articles 7 or 21;

(c) any condition imposed in an authorisation issued or held under articles 7 or 21;

(d) any suspension or revocation of an authorisation under article 26, or under any regulation made under this Act;

(e) any one or more measures taken under article 28;

(f) any directive given under article 31A;

(g) any refusal of an application for transfer of general business under article 33;

(h) any notice issued or any order made under articles 38, 38A and 38C;

(i) any administrative penalty imposed in respect of infringements as may be prescribed under article 67.

(1A) The Financial Services Tribunal shall have exclusive competence to hear appeals on the matters listed in sub-article (1).

(2) The provisions of article 21 of the Malta Financial Services

Authority Act shall apply mutatis mutandis to appeals that may be brought before the Tribunal under this article.