B 2661
Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 20,698, 10 ta’ Settembru, 2021
Taqsima  B
____________________________________________________________________B 2661
L.N. 359 of 2021
MALTA FINANCIAL SERVICES AUTHORITY ACT
(CAP. 330)
Financial Conglomerates (Amendment) Regulations, 2021
IN EXERCISE of the powers conferred by article 20C of the
Malta Financial Services Authority Act, the Minister responsible for
the regulation of financial services, acting on the advice of the Malta
Financial Services Authority, has made the following regulation s:
Title and scope.
S.L. 330.06.1. (1) The title of these regulations is the Financial
Conglomerates (Amendment) Regulations, 2021, and these regulations
shall be read and construed as one with the Financial Conglomerates
Regulations, hereinafter referred to as "the principal regulati ons".
(2) The scope of these regulations is to transpose Article 59 of
Directive (EU) 2019/2034 of the European Parliament and of theCouncil of 27 November 2019 on the prudential supervision ofinvestment firms and amending Directives 2002/87/EC, 2009/65/EC ,
2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU.
Amends 
regulation 2 of the principal 
regulations. 2. Regulation 2 of the principal regulations shall be amended
as follows:
(a) immediately after the definition "balance sheet total",
there shall be added the following new definition:
""binding legal instruments" means any directly
applicable measures, including, but not limited to, any
implementing technical standards, regulatory technical
standards or similar measures, issued under European
Union legislation;"; and
(b) the definition "sectoral rules" shall be substituted by
the following:
" "sectoral rules" means:
(a) European Union legislation relating to the
prudential supervision of regulated entities, inparticular the provisions of:
(i) Regulation (EU) No 575/2013 of the
European Parliament and of the Council of 26June 2013 on prudential requirements for credit
VERŻJONI ELETTRONIKA
B 2662
B 2662
institutions and amending Regulation (EU) No
648/2012, as may be amended from time to
time, and includes any binding legalinstruments, guidelines and other measures that
have been or may be issued thereunder;
(ii) Regulation (EU) 2019/2033 of the
European Parliament and of the Council of 27
November 2019 on the prudential requirements of
investment firms and amending Regulations (EU) No
1093/2010, (EU) No 575/2013, (EU) No 600/2014
and (EU) No 806/2014, as may be amended fromtime to time, and includes any binding legal
instruments, guidelines and other measures that have
been or may be issued thereunder;
 (iii) Directive 2009/138/EC of the European
Parliament and of the Council of 25 November 2009on the taking-up and pursuit of the business ofInsurance and Reinsurance (Solvency II), as amended
from time to time, and includes any binding legalinstruments, guidelines and other measures that havebeen or may be issued under the said Directive;
 (iv) Directive 2013/36/EU of the European
Parliament and of the Council of 26 June 2013 onaccess to the activity of credit institutions and the
prudential supervision of credit institutions,
amending Directive 2002/87/EC and repealingDirectives 2006/48/EC and 2006/49/EC, as amended
from time to time, and includes any binding legal
instruments, guidelines and other measures that havebeen or may be issued under the said Directive 2013/
36/EU;
(v) MiFID;
(vi) Directive (EU) 2019/2034 of the
European Parliament and of the Council of 27
November 2019 on the prudential supervision ofinvestment firms and amending Directives 2002/87/
EC, 2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/
EU and 2014/65/EU, as amended from time to time,and includes any binding legal instruments,
guidelines and other measures that have been or may
be issued under the said Directive (EU) 2019/2034;
and
VERŻJONI ELETTRONIKA
B 2663
B 2663
(b) any applicable Acts administered by the
Authority, including any re gulations and rules issued
thereunder, in relation to any regulated entity;".
VERŻJONI ELETTRONIKA
B 2664
________________________________________________________________________________________________________________________
Ippubblikat mid-Dipartiment tal-Informazzjoni (doi.gov.mt) — Valletta — Published by the Department of Information (doi.gov.mt) — Valletta
Mitbugħ fl-Istamperija tal-Gvern fuq karta FSC — Printed at the Government Printing Press on FSC certified paper
Prezz /Price
€0.18
VERŻJONI ELETTRONIKA