S.L. 637.1 Art. 2Interpretation. Cap. 637.  Cap. 330.

(1) In these regulations, unless the context otherwise requires:-

"the Act" means the Crowdfunding Service Providers Act;

"competent authority" means the Malta Financial

Services Authority established by the Malta Financial Services Authority Act;

"crowdfunding service" shall have the same meaning as assigned to it in paragraph (a) of Article 2(1) of the ECSP Regulation;

"ECSP Regulation" means Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937, as may be amended from time to time, and includes any implementing measures, implementing technical standards, regulatory technical standards, guidelines and similar measures that have been or may be issued thereunder;

"net revenue" means the gross revenue indicated in the annual audited financial statements for the preceding year which is derived from the provision of crowdfunding services, less any commissions which have been paid or are to be paid to third parties in connection with the provision of such services.

(2) Words and expressions used in these regulations which are also used in the Act, but which are not herein defined, shall have the same meaning as assigned to them in the Act.