S.L. 16.18 Art. 3Applicability of these regulations.

(1) Subject to the exclusions stated in sub-regulation

(2), these regulations shall apply to all foundations whether established for a private interest, benefit or purpose or for the achievement of a social and, or public benefit or other lawful purpose, and this, irrespective of whether they are registered or not with the Registrar for Legal Persons in terms of the Second Schedule or applicable regulations and shall include voluntary organisations in the form of foundations.

(2) These regulations shall not apply to:

(a) a foundation which is established and controlled, directly or indirectly, by the Government of Malta where "controlled by the Government" means that the Government enjoys the power to appoint or remove a majority of the administrators of the foundation;

(b) a foundation which constitutes a pious foundation or an ecclesiastical entity in the form of a foundation in terms of the Second Schedule or is a marriage legacy governed by the Marriage Legacies Law; and (REGISTER OF BENEFICIAL OWNERS – FOUNDATIONS)

(c) any other type of foundation not referred to above which the Minister, in consultation with the Minister responsible for finance, may by notice designate.

(3) The Registrar may, from time to time, issue guidelines to further define terms and to establish any restrictions and applicable conditions relating to the manner in which the exclusions referred to in sub-regulation (2)(b) shall apply.