S.L. 371.10 Art. 2Interpretation.

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

''the Act'' means the Banking Act;

"branch-level deposits" means deposits of a branch established in Malta by a European credit institution or a third-country credit institution, excluding the deposits which were received from the head office of such branch; "deposits" means the sum of deposits reported to the competent authority in the balance sheet statement for liabilities as at the end of the preceding calendar year;

"European credit institution" means a credit institution as defined in point (1) of Article 4(1) of the CRR which is authorised as such by a European regulatory authority;

"European regulatory authority" means a body that is in a Member State other than Malta and is empowered by law to supervise credit institutions; "institution-level deposits" means deposits at the highest level of prudential consolidation in Malta; "third-country credit institution" means a credit institution as defined in point (1) of Article 4(1) of the CRR which has its head office in a state other than in a Member State.

(2) Words and expressions which are also used in the Act shall have the same meaning as in the Act.