S.L. 330.9 Art. 58Temporary public ownership tool.

(1) The Ministry responsible for Finance may take an institution or an entity referred to in paragraphs (b), (c) or (d) of the definition "entity" in regulation 2(1) into temporary public ownership.

(2) For that purpose one or more share transfer orders may be made in which the transferee is:

(a) a nominee of the Government of Malta; or

(b) a company wholly owned by the Government of Malta.

(3) Institutions or entities referred to in paragraphs (b), (c) or

(d) of the definition "entity" in regulation 2(1) subject to the temporary public ownership tool in accordance with this regulation shall be managed on a commercial and professional basis and shall be transferred to the private sector as soon as commercial and financial circumstances allow.