S.L. 330.9 Art. 93Agreements with third countries.

The Resolution Committee may enter into bilateral agreements with third countries with regard to the following situations:

(a) in cases where a third country parent undertaking has subsidiary institutions or branches authorised in Malta, where such branches are regarded as significant in two or more Member States;

(b) in cases where a parent undertaking established in Malta and which has a subsidiary or a significant branch in at least one other Member State, also has one or more third country subsidiary institutions;

(c) in cases where an institution established in Malta and which has a parent undertaking, a subsidiary or a significant branch in at least one other Member State has one or more branches in one or more third countries: Provided that such bilateral agreements shall seek to ensure the establishment of processes and arrangements between the Resolution Committee and the relevant third country authorities for cooperation in carrying out some or all of the tasks and exercising some or all of the powers indicated in regulation 97: Provided further that such bilateral agreements with a third country shall remain in force only until the entry into force of an agreement referred to in Article 93(1) of the BRRD with the relevant third country to the extent that such bilateral agreements are not inconsistent with Title VI of the BRRD.