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S.L. 465.40 · Moratorium On Credit Facilities In (S.L. 465.40)

S.L. 465.40 Art. 2Interpretation. Cap. 465. Cap. 371. Cap. 204. Cap. 330. Cap. 376.

In KraftAmtlicher Text

In these regulations, unless the context otherwise requires –

"Act" means the Public Health Act;

"bank" or "credit institution" shall have the same meaning assigned to it in the Banking Act and includes any branch, agency or office in Malta of a bank or credit institution not incorporated in Malta;

"Central Bank" means the Central Bank of Malta as defined by the Central Bank of Malta Act;

"credit facility" means the lending of a sum of money by way of an advance, overdraft, or loan, or any other line of credit including discounting of bills of exchange and promissory notes, guarantees, indemnities, acceptances and bills of exchange endorsed pour aval. Credit cards are excluded from these regulations;

"competent authority" means the Malta Financial Services Authority established by the Malta Financial Services Authority Act;

"financial institution" shall have the same meaning assigned to it in the Financial Institutions Act;

"Minister" means the Minister responsible for public health;

"moratorium" means deferral of payments of capital and interest from credit facilities granted by credit and financial institutions.