EXTENSION OF THE MEANING OF CERTAIN EXPRESSIONS [ S.L.330.03 1
SUBSIDIARY LEGISLATION 330.03
EXTENSION OF THE MEANING OF CERTAIN 
EXPRESSIONS REGULATIONS
14th June, 1991
LEGAL NOTICE 88 of 1991.
Citation. 
Meaning of Certain Expressions Regulations. 
Interpretation.
Cap. 330.
2. (1) In these regulations, unless the context otherwise
requires, words and expressions used have the same meaning as is
assigned to them in the Malta Financial Services Authority Act,
hereinafter referred to as "the Act".
(2) "Trust company" means a company whose business
includes fiduciary, trust or similar business.
Extension of the 
meaning of 
offshore company.
3.  A trading offshore company which is a subsidiary of a
bank or of a banking institution or of an insurance company or of
an insurance broking company or of a trust company or of a holding
company of which a bank, institution or company as aforesaid is
also a subsidiary, is hereby prescribed as an additional class of
trading offshore company for the purposes of article 22(8) of the
Act.
Extension of the 
meaning of 
offshore activity.
4.  Pursuant to the first proviso of the interpretation of
"offshore activity", in article 2(1) of the Act, it is hereby prescribed
that an offshore oversee company or a trading offshore company
which is a subsidiary of a bank or of a banking institution or of an
insurance company or of an insurance broking company or of a
trust company or of a holding company of which a bank, institution
or company as aforesaid is also a subsidiary and is a company
acceptable to the Authority for the purposes of this regulation, shall
be a company that may carry on the business of managing or
servicing another offshore company.
