S.L. 386.10 Art. 19Appeals.

(1) Any person who is aggrieved by a decision of the competent authority -

(a) to refuse to issue an approval for a company to be constituted or formed as a cell company under regulation 5; or

(b) for an existing company to be converted into a cell company under regulation 5; or

(c) to refuse to issue an approval to a cell company to create one or more cells under regulation 8; or

(d) to refuse to issue a cell transfer approval under regulation 16, may appeal against the decision to the Financial Services Tribunal.

(2) The provisions of article 21 of the Malta Financial Services Authority Act and article 57 of the Insurance Business Act and article 50 of the Insurance Distribution Act shall apply mutatis as if the appeal has been made in terms of the Insurance mutandis, Business Act.