Cap. 487 Art. 50Appeals.

(1)(a) For the purposes of any appeal made to the Tribunal under this Act, the provisions of the proviso to article

57(1) of the Insurance Business Act shall apply.

(b) For the purposes of any such appeal, the provisions of article 21 of the Malta Financial Services Authority

Act shall also apply.

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

(a) any refusal to register or to enrol an applicant under article 13, 41 or 43I;

(b) any condition imposed on, or subsequent to, registration and enrolment under article 13, 37 or 43E;

(c) any suspension or striking off of the name of a person from the Agents Register, Managers Register or Brokers Register or the name of an enrolled person off the Agents List, Managers List or Brokers List under article 16;

(d) any refusal to restore the name of a person to the Agents Register, Managers Register or Brokers Register or the name of an enrolled person to the Agents List, Managers List or Brokers List under article 18(2);

(e) any one or more measures taken under article 19;

(f) any refusal to register an underwriting agreement under article 32;

(g) any striking off of the name of a person from the Tied Insurance Intermediaries List under article 40(3)(b);

(h) any requirement on an authorised undertaking to strike the name of a person off the Tied Insurance Intermediaries Company Register under article 41;

(ha) any striking off of the name of a person from the Ancillary Insurance Intermediaries List under article 43H(3)(b);

(hb) any requirement on an authorised undertaking or an enrolled insurance broker to strike the name of a person off the Ancillary Insurance Intermediaries Company Register under article 43I;

(i) any notice issued or any order made under article 44A; infringements as may be prescribed under article 3.

(3) The Financial Services Tribunal shall have exclusive competence to hear appeals on the matters listed in sub-article (2).