S.L. 233.10 Art. 12Registered assets to be deposited in special account.

(1) All eligible assets registered under the Scheme in terms of regulations 6(a) and 6(b) shall be deposited by the appointed registration agent in a special term deposit account with a credit institution licensed under the Banking Act or at the Central Bank of Malta by not later than one business day after registration date.

(3) The special deposit account shall be opened for a period of one year bearing no interest.

(4) All registered eligible assets placed in special term deposit accounts with credit institutions licensed in Malta under the Banking Act shall be re-deposited at the Central Bank of Malta in a special designated account.

(5) The deposits in respect of eligible assets registered under the Scheme in terms of regulation 6(a) shall be denominated in Maltese lira and shall be withdrawn on maturity in the official currency prevailing in Malta as at the date of maturity at the applicable official conversion rate.

(6) The deposits in respect of eligible assets registered under the Scheme in terms of regulation 6(b) shall be denominated in euro and shall be withdrawn on maturity in euro.