S.L. 463.8 Art. 2Interpretation.

In these regulations unless the context otherwise requires -

"assisted loan" means a loan granted by a licensed commercial bank in terms of this Act and the repayment of which loan is partially guaranteed by the Corporation; "Corporation" means the Malta Enterprise Corporation established under the Malta Enterprise Act; "eligible enterprise" means an undertaking employing between one to fifty persons (including the employer) whose annual turnover does not exceed the sum of ten million euro (€10,000,000), and whose balance sheet total for the fiscal year preceding the date of application shall not exceed ten million euro (€10,000,000) or such other number of persons, net value of plant, machinery or equipment, or any other amount of annual turnover or balance sheet total as may be prescribed in the Guidelines: "family business" shall have the meaning assigned to it by the Family Business Act;

Provided that the undertaking is not linked to any undertaking operating in Malta that has already been assisted in terms of these regulations; "Guidelines" means such guidelines that may be published by the Corporation from time to time in accordance with these regulations; "Minister" means the Minister responsible for industry; "qualifying activity" means an economic activity consisting of a trade or business that may contribute to the economic development of Malta: Provided that an undertaking shall not qualify for the assistance provided by these regulations if such undertaking operates any of the following sectors:

(a) fisheries or agriculture;

(b) primary production of agriculture products;

(c) financial and insurance activities;

(d) gambling including online gambling; and

*see regulation 1(2) of these Regulations as originally promulgated. "undertaking" means any self-employed person or any commercial partnership constituted under the Companies Act, or any co-operative society duly registered as such under the Co-operative Societies Act.