S.L. 370.35 Art. 4Provisions regarding CCPs, clearing and settlement arrangements in respect of EU or EEA investment firms, market operatorsoperating an MTF, and regulated markets.

(1) The competent authority shall not prevent investment firms, market operators operating an MTF and regulated markets from Member States or EEA States other than Malta from entering into appropriate arrangements with a CCP or clearing house and a settlement system in Malta with a view to providing for the clearing and, or settlement of some or all trades concluded by the members or participants under their systems.

(2) The European regulatory authority shall take into account system already exercised by the Central Bank of Malta and other central banks as overseers of clearing and settlement systems in order to avoid undue duplication of control.