S.L. 371.9 Art. 37Branches of credit institutions established in third countries.

(1) The Scheme shall check that a branch established in

Malta by a credit institution which has its head office outside the

European Union has protection equivalent to that prescribed in these regulations and, in particular, shall check that depositors of that branch benefit from the same coverage level and scope of protection as provided for in these regulations.

(2) Each branch established in Malta by a credit institution which has its head office outside the European Union and which is not a member of the Scheme shall provide to actual or intending depositors at that branch all relevant information concerning the existence or otherwise of guarantee arrangements for deposits held in that branch.

(3) The information referred to in sub-regulation (2) shall be made available in the language that was agreed by the depositor and the credit institution when the account was opened or in an official language of Malta and shall be clear and comprehensible.