S.L. 345.6 Art. 2Interpretation.

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

"Act" means the Financial Markets Act and the words and expressions used shall have the same meaning as is given to them in the said Act; "branch" means a place of business which is a part of the European investment firm, and which has no legal personality and which provides the services for which the European investment firm has been authorised all the places of business set up in the same Member State or EEA State by a European investment firm with headquarters in another Member State or EEA State shall be regarded as a single branch; "competent authority" means the Malta Financial Services Authority appointed under article 2 of the Act; "Directive 2013/36/EU" means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as amended from time to time, and includes any implementing measures that may have been or may be issued thereunder;

"home Member State or EEA State" means:

(a) where the European investment firm is a natural person, the Member State or EEA State in which the head office of that person is situated;

(b) where the European investment firm is a legal person, the Member State or EEA State in which its registered office is situated; or

(c) if the European investment firm has, under its national law, no registered office, the Member State or EEA State in which its head office is situated; "MiFID" means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments as amended from time to time, and includes any implementing measures that may have been or may be issued thereunder.

(2) For the purposes of these regulations, "persons licensed under the Investment Services Act" shall mean persons licensed to execute orders on behalf of other persons and, or to deal on own account in terms of the Schedule to the Investment Services Act.