S.L. 233.10 Art. 2Interpretation.

(1) In these regulations, unless the context otherwise requires -

(a) "applicable date" means -

(i) in respect of assets referred to in regulations 6(a) and 6(b), any date between 23 April, 2007 and 31 July, 2007; and

(ii) in respect of assets referred to in regulations 6(c), 6(d) and 6(e), 16 April, 2007;

(b) "eligible assets" means currency notes denominated in Maltese lira and euro, deposits denominated in Maltese lira and euro held with credit institutions licensed under the Banking Act, and securities denominated in Maltese lira and euro with a primary listing on the Malta Stock Exchange;

(c) "individuals" means physical persons;

(d) "relevant laws" means the Income Tax Acts, the Succession and Donation Duties Ordinance (Cap. 70 of the revised edition of the Laws of Malta, 1942), the Death and Donation Duty Act, the Duty on Documents Act and the Duty on Documents and Transfers Act.

(2) The words and expressions used in these regulations which are also used in the External Transactions Act or the Income Tax

Act shall, unless the context otherwise requires, have the same meaning as assigned to them in the said Acts.

(3) For the purposes of these regulations, any income arising from eligible assets which is received after 22 April, 2007 and re-invested before the date of registration, shall be deemed to constitute eligible assets existing on 22 April, 2007 and shall be eligible for registration under these regulations. set out in the Schedule.

(2) Eligible assets shall be registered under the Scheme by the individual who owns such assets on the applicable date or by the heir or legatee of such individual when such heir or legatee becomes the owner of eligible assets.