Retirement Pensions (Control Of Assets) (S.L. 514.3)

Sommaire

1. Art. 1 Citation.
2. Art. 2 Interpretation.
3. Art. 3 Non-applicability. Cap. 331.
4. Art. 4 Assets held under control constitute distinct patrimony. Cap. 16. Cap. 16.
5. Art. 5 Customer enjoys right of ownership in assets.
6. Art. 6 Assets held under control not subject to the rights of creditors of the subject person. Cap. 12.
7. Art. 7 Applicabilityofthe Duty on Documents and Transfers Act and the Income Tax Act. Cap. 364. Cap.123.
8. Art. 8 Functions and duties of subject persons.
9. Art. 9 Liability of the subject person.
10. Art. 10 Subject person may delegate functions and duties or entrust assets to another subject person.
11. Art. 11 Use of clearing, settlement and de- materialised systems and settlement risk.
12. Art. 12 Subject person’s fees.
13. Art. 13 Termination of the control of assets.
14. Art. 14 Applicability.
15. Art. 15 Persons acting as custodians.
16. Art. 16 Custody of assets of a retirement scheme or retirement fund.
17. Art. 17 Functions and duties of the custodian.
18. Art. 18 Independence of the custodian from management.
19. Art. 19 Administrationand management of investment manager and custodian.
20. Art. 20 Liability of the custodian.
21. Art. 20A Prohibition of the free disposal of assets held by a custodian located in Malta.
22. Art. 21 Custodian may delegate functions and duties or entrust assets to another person.
23. Art. 22 Termination of custody.