S.L. 514.8 Art. 36Interpretation.

For the purposes of regulation 35 and regulations 37 to

43:

"European IORP" means an institution for occupational retirement provision or IORP in terms of the Occupational Pensions Directive authorised by a European regulatory authority, transferring all or part of its liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof, to a Maltese IORP; AND CROSS-BORDER TRANSFERS)

"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, receiving from a European IORP, all or part of the European IORP’s liabilities, technical provisions, and other obligations and rights, as well as corresponding assets or cash equivalent thereof.