S.L. 465.40 Art. 8Administrative penalties, other administrative measures and appeals. Cap. 204. Cap. 204.

(1) Where any credit or financial institution falling within the scope of these regulations fails to comply with any provisions of such regulations, or to any directive issued thereunder, the Central Bank may, by notice in writing and without recourse to a court hearing, impose on such credit or financial institution an administrative penalty and other administrative measures in accordance with the provisions of the Central Bank of Malta Act.

(2) A right of appeal to the Financial Services Tribunal shall lie from the decisions which the Central Bank shall take under these regulations and the provisions of articles 56 and 57 of the Central

Bank of Malta Act shall apply mutatis mutandis.