S.L. 386.32 Art. 2Interpretation. Cap. 386.  Cap. 518.  Cap. 16. Cap. 406.

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

"Act" means the Companies Act;

"governing entity" means the Malta Business Registry;

"member" means a shareholder in and administrator of the youth enterprise;

"mentor" means a natural person who:

(a) has attained the age of twenty-five (25) years;

(b) is resident in Malta;

(c) has at least five (5) years working experience in a commercial area, which includes but is not limited to finance, sales, management, corporate, management and legal;

(d) is not registered in the register established under the Protection of Minors (Registration) Act; and

(e) receives approval to act as a mentor by the governing entity upon being registered in the register of mentors;

"register of mentors" means a register of approved mentors held by the governing entity;

"Registrar" means the Registrar of Companies in accordance with article 2(1) of the Act;

"resident" means any natural person regardless of nationality who is ordinarily resident in Malta;

"tutor" means a person appointed by the court in accordance with article 158 of the Civil Code to any minor, whose parents have died or have forfeited parental authority;

"VAT Act" means the Value Added Tax Act;

"youth enterprise" means a private limited liability company registered in accordance with the Act and these regulations.

(2) Unless the context otherwise requires, words and phrases used in these regulations which are not defined herein, shall have the same meaning as assigned to them in the Act.