Banking Rule on Own Funds of Credit Institutions

Dr. Jean-Philippe Chetcuti | Published on 20 Jan 2011

Chetcuti Cauchi Advocates CCMalta default banner

The Malta Financial Services Authority has issued the amended Banking Rule BR/03 on Own Funds of Credit Institutions authorised under the Banking Act 1994 after consultation with credit institutions and other relevant stakeholders following a Note for consultation issued on the 30 October 2009.

BR/03 transposes the requirements of Chapter 2 – ‘Technical Instruments of Prudential Supervision  of EU Directive 2006/48/EC and CEBS Guidelines on Prudential Filters for Regulatory Capital dated 21 December 2004. The Rule shall come into force with immediate effect. The first official schedule submitted in line with the new Appendix 1 is to be dated 31 March 2010.


Request More Information

Please send me legal and other updates

Key Contacts

Dr Priscilla Mifsud Parker

Senior Partner, Corporate, Tax & Immigration

+356 22056122
pmp@ccmalta.com

Dr Charlene Mifsud

Partner, Corporate & Commercial

+356 2205 6298
ccmifsud@ccmalta.com

Related Industry Groups
Related Opportunities