S.L. 123.90 Art. 2Definitions. Cap. 123. Cap. 345.

In these regulations, unless the context otherwise requires -

"the Act" means the Income Tax Act;

"the Corporation" means the Malta Enterprise Corporation; "designated venture capital fund" means a collective investment scheme -

(a) which is a prescribed fund in terms of article 41A(b) of the Act; and

(b) where the securities issued by such scheme are securities listed on a stock exchange recognised under the Financial Markets Act; and

(c) which is named as such by the Corporation by means of a designation that has not been revoked; and

(d) in which the Corporation holds securities; and

(e) which was set up with the purpose of increasing the amount of private investment capital available for Malta-based companies in the seed or early stage of business development as well as to provide finance for innovative processes, ideas and techniques; and

(f) concerning which the Corporation has informed the Commissioner of the relevant details referred to in paragraphs (a), (b), (c), (d) and (e) hereof; "replacement certificate" means a certificate issued by the Commissioner in accordance with regulation 4; "tax credit certificate" means a certificate issued by the Commissioner in accordance with regulation 3, or a replacement certificate as the case may be.