* (Cap. 345)

Contents

1. Art. 1 Short title.
2. Art. 2 Interpretation and scope.
3. Art. 2A Competent authority shall carry out its functions under this Act.
4. PART II
5. Art. 3 Minister’s power to make regulations.
6. Art. 4 Application for authorisation.
7. Art. 4A Applicable law when Malta is the home Member State.
8. Art. 4B Significant influence over the management of a regulated market.
9. Art. 4C Regulated market bye-laws and arrangements.
10. Art. 4D Rights of a market operator.
11. Art. 4E Limitation on market operators.
12. Art. 4F System resilience, circuit breakers and electronic trading.
13. Art. 4G Tick sizes.
14. Art. 5 Financial Market Rules.
15. Art. 6 Non-application or modification of Financial Market Rules.
16. Art. 7 Supervision.
17. Art. 8 Revocation of an authorisation.
18. Art. 9 Notice of directive or revocation.
19. Art. 10 Notification of intended action.
20. Art. 10A Clearing and settlement of transactions.
21. Art. 10B Competent authority to draw up list when it is the home Member State of a regulated market.
22. PART III
23. Art. 11 Functions and powers of the competent authority.
24. Art. 11A Further functions of the Listing Authority.
25. Art. 12 Approval of prospectus and admissibility to listing.
26. Art. 12A Exemptions.
27. Art. 12B Registration of sponsors and transitory provision.
28. Art. 12C Power of the competent authority to register or refuse an application for registration of a sponsor.
29. Art. 12D Power of competent authority to cancel or suspend registration of a sponsor.
30. Art. 13 Capital Markets Rules.
31. Art. 14A Minister’s power to make regulations.
32. Art. 15 Listing.
33. Art. 15A Approval of prospectus.
34. Art. 15B Responsibility attaching to the prospectus.
35. Art. 16 Notification of decision.
36. Art. 17 Discontinuation or suspension.
37. Art. 18 Notice of discontinuation or suspension.
38. Art. 19 Penalty in respect of contraventions.
39. Art. 19A Administrative penalties.
40. Art. 19B Sanctions on members of administrative, management or supervisory bodies of the legal entity.
41. Art. 19C Suspension of exercise of voting rights.
42. Art. 19D Relevant circumstances.
43. Art. 20 Notice of penalty.
44. Art. 20A Power to issue directives.
45. Art. 21 Regulatory and investigatory powers of the Listing Authority.
46. Art. 21A Cooperation with other European regulatory authorities.
47. Art. 21B Reference of cases to ESMA.
48. Art. 21C Obligation of professional secrecy.
49. Art. 21D Notification to ESMA.
50. Art. 21E Accessibility of information on ESAP.
51. Art. 22 Delegation of powers.
52. Art. 23 Non-liability for acts done in good faith.
53. PART IV
54. Art. 24 Authorisation requirement.
55. Art. 24A Designation of the competent authority.
56. Art. 25 Determination of an application.
57. Art. 26 Functions of a central securities depository.
58. Art. 27 Revocation of an authorisation.
59. Art. 29 Application of other articles.
60. Art. 30 Powers of the Minister to make regulations.
61. Art. 31 Financial Market Rules.
62. Art. 31A CSDR to prevail in case of any inconsistency.
63. Art. 31B Functions and powers of the competent authority.
64. Art. 31C Covered Bonds Rules.
65. Art. 31D Requirement of a covered bond programme.
66. Art. 31E Approval of the covered bond programme.
67. Art. 31F Changes in information.
68. Art. 31G Registration of transactions in relation to the covered bond programme.
69. Art. 31H Power to make regulations.
70. Art. 31I Claims and privileged claims.
71. PART V
72. Art. 32 Power to require information.
73. Art. 33 Appointment of inspectors.
74. Art. 34 Right of entry.
75. Art. 34A Grounds for decision.
76. Art. 35 No enquiries to be made into the affairs of any person trading on regulated market.
77. Art. 36 Report on market abuse.
78. Art. 37 Co-operation with European regulatory authorities.
79. Art. 37A Co-operation in supervisory functions, onsite verifications or investigations.
80. Art. 37B Refusal to co- operate.
81. Art. 37C Co-operation with overseasregulatory authorities.
82. Art. 37D Binding mediation.
83. Art. 37E Co-operation obligations in relation to covered bond public supervision.
84. Art. 38 Confidentiality of information.
85. Art. 39 Powers of the Court to make certain orders.
86. Art. 39A Administrative penalties and other measures.
87. Art. 39B Administrative penalties and other measures for breachesrelating transparency obligations.
88. Art. 39C Administrative penalties and other measures for breaches of the Prospectus Regulation .
89. Art. 39CA Administrative penalties and other administrative measures in relation to covered bonds.
90. Art. 39D Administrative penalties and other measuresinrespect of members of a legal entity.
91. Art. 39E Relevant circumstances.
92. Art. 39F Notice of administrative penalties.
93. Art. 39FA Notice of administrative penalties and measures in relation to covered bonds.
94. Art. 39G Publication of decisions.
95. Art. 39GA Publication of administrative penalties and administrative measures in relation to covered bonds.
96. Art. 39H Suspension and removal of listed financial instruments from trading on an authorized regulated market.
97. Art. 39I Suspension and removal of financial instruments from trading on an MTF or an OTF.
98. Art. 39J Notice of suspension or removal of listed financial instruments.
99. Art. 39K Power to issue directives.
100. Art. 39L Appointment of a special administrator.
101. Art. 40 Offences.
102. Art. 41 Criminal proceedings.
103. Art. 41A Issue of public statement.
104. Art. 41B Appeal against decision of the Listing Authority.
105. PART VI
106. Art. 42 Appeals to the Tribunal.
107. Art. 43 Operation of a decision.
108. Art. 44 Applicability of article 21 of the Malta Financial Services Authority Act.
109. PART VII
110. Art. 45 Trading outside regulated markets.
111. Art. 46 Transfer of financial instruments.
112. Art. 46A Powers of the Resolution Committee.
113. Art. 47 Civil Code.
114. Art. 48 Temporary suspension of listed financial instruments from listing and, or trading on an authorized regulated market.
115. Art. 49 Power to make regulations.
116. Art. 50 Exemptions from duty on documents.
117. Art. 51 Executive title.
118. Art. 54 Transitional measures.
119. Art. 155 Transitory provisions.