S.L. 123.90 Art. 3Delivery of tax credit certificate.

(1) Notwithstanding any obligation to secrecy or confidentiality, or any other restriction relating to the disclosure of information imposed by any enactment -

(a) when a designated venture capital fund issues securities to investors, it shall inform the Commissioner of such issue; and

(b) a designated venture capital fund shall, upon any request, give the Commissioner all the information necessary for the purpose of the requirements of these regulations.

(2) When the Commissioner receives a notice by a designated venture capital fund of purchase of securities by investors, and he is satisfied that such securities have been actually fully paid for, he shall issue and deliver a tax credit certificate to each person acquiring the securities.

(3) Each tax credit certificate shall be dated and consecutively numbered and shall indicate:

(a) the name of the designated venture capital fund;

(b) details identifying the securities purchased;

(c) the total nominal value of the securities purchased;

(d) a declaration that the certificate gives the right to a tax credit as provided for in these regulations;

(e) the name of the person to whom the tax credit certificated is issued and, if he is an individual, his legally valid identification document or passport number or, if it is a company incorporated in Malta, its company registration number or, in any other case, such details as the Commissioner may consider sufficient to properly identify that person or company.