S.L. 330.9 Art. 32BInsolvency proceedings in respect of institutions and entities that are not subject to resolution action.

Where an institution or entity referred to in paragraphs (b), (c)

or (d) of the definition "entity" in regulation 2(1), in relation to which the Resolution Committee considers that the conditions in paragraphs

(a) and (b) of regulation 32(1) are met, but that a resolution action would not be in the public interest in accordance with paragraph (c) of regulation 32(1), the said institution or entity shall be wound up in an orderly manner in accordance with Maltese law.