INVESTMENT SERVICES ACT (INVESTMENT
ADVERTISEMENTS AND PROSPECTUS EXEMPTION) g S.L.370.08 1
SUBSIDIARY LEGISLATION 370.08
INVESTMENT SERVICES ACT
(INVESTMENT ADVERTISEMENTS AND 
PROSPECTUS EXEMPTION) REGULATIONS
2nd December, 2002
LEGAL NOTICE 355 of 2002.
Citation.
Act (Investment Advertisements and Prospectus Exemption)
Regulations.
Interpretation.
Cap. 370.
"competent authority" means the competent authority under the
Act;
"investment advertisement" has the same meaning assigned to it
in article 2 of the Act;
"prospectus" has the same meaning assigned to it in article 2 of
the Act.
Exempt investment 
advertisements and 
prospectus.
3. The provisions of article 11 of the Act shall not apply to:
( a ) any investment advertisement or prospectus issued or
caused to be issued by:
(i) the Government of Malta; or
(ii) the Central Bank of Malta; or
(iii) any international organization the members of
which include Malta; or
( b ) any investment advertisement issued or caused to be
issued by any person who by regulations made under
the Act is exempt from the requirement of an
investment services licence provided that the
investment advertisement relates to matters in respect
of which he is exempt;
( c ) any investment advertisement issued or caused to be
issued solely to:
(i) licence holders; or
(ii) a person whose ordinary business involves the
acquisition and disposal of instruments of the
same kind as the instruments to which the
investment advertisement relates; or
(iii) a person whose ordinary business involves the
acquisition and disposal of property of the same
kind as the property, or a substantial part of the
property, to which the collective investment
scheme in the investment advertisement relates;
or
2 g S.L.370.08
INVESTMENT SERVICES ACT (INVESTMENT
ADVERTISEMENTS AND PROSPECTUS EXEMPTION)
(iv) a person who by regulation under the Act is
exempt from the requirement of an investment
services licence provided that the investment
advertisement relates to matters in respect of
which he is exempt.
Other exempt 
investment 
advertisements.
4. The provisions of article 11 of the Act shall not apply to
investment advertisements contained in a publication published and
circulated principally outside Malta, or in a sound or television
broadcast transmitted principally for reception outside Malta,
unless the investment advertisement is directed to persons in Malta,
or is otherwise intended to be made available to persons in Malta
not being persons falling within the scope of regulation 3( b ).
