S.L. 514.8 Art. 27Interpretation.

For the purposes of regulation 26 and regulations 28 to 34:

"European IORP" means an institution for occupational AND CROSS-BORDER TRANSFERS)

retirement provision or IORP in terms of the Occupational Pensions Directive authorised by a European regulatory authority, receiving from a Maltese IORP, all or a part of the Maltese IORP’s liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof;

"Maltese IORP" means an occupational retirement scheme as defined in article 2 of the Act, licensed by the competent authority in terms of the Act, and which qualifies as an institution for occupational retirement provision or IORP for the purposes of the Occupational Pensions Directive, transferring all or a part of its liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof, to a European IORP.