Cap. 503 Art. 20Appointment of resident agent.

(1) The international registrant is required to appoint in writing prior to registration, a resident agent who -

(a) is habitually resident in Malta;

(b) is not interdicted or incapacitated or is an undischarged bankrupt;

(c) has not been convicted of any of the crimes affecting public trust or of theft or of fraud or money laundering or of knowingly receiving property obtained by theft or fraud; and

(d) has satisfied the Director General that he is a person capable of carrying out the functions stated under this Act.

(2) A resident agent shall be deemed to satisfy the Director General unless the Director General has made a declaration to the contrary; and the Director General may, before withdrawing such declaration, impose such conditions as he may deem fit in the circumstances.

(3) The international registrant shall ensure that it has a validly appointed resident agent at all times.

(4) Notices of the appointment, resignation or removal of the resident agent shall be filed with the Director General in the prescribed form, and where a notice of appointment is given it shall be accompanied by the acceptance in writing of the resident agent of such appointment.

(5) The Director General may at any time refuse or reject any notice of an appointment which he considers is not in compliance with this Act and in such case the international registrant shall immediately appoint another resident agent.