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L.N. 167 of 2022
CONSUMER AFFAIRS ACT
(CAP. 378)
Credit Agreements for Consumers relating to Residential 
Immovable Property (Amendment) Regulations, 2022
IN EXERCISE of the powers conferred upon him by article
7(1A) of the Consumer Affairs Act, the Minister for Inclusion,
V oluntary Organisations and Consumer Rights, acting on the advi ce of
the Malta Financial Services Authority and the Consumer AffairsCouncil, has made the following regulations:-
Citation and 
scope.
S.L. 378.10.1. (1) The title of these regulations is the Credit
Agreements for Consumers relating to Residential Immovable
Property (Amendment) Regulations, 2022 and these regulations sh all
be read and construed as one with the Credit Agreements for
Consumers relating to Residential Immovable Property Regulations,
hereinafter referred to as "the principal regulations".
(2) The scope of these regulations is to partially transpose
Articles 32(3), 33(2) and 38(2) of Directive 2014/17/EU of theEuropean Parliament and of the Council of 4 February 2014 on cr edit
agreements for consumers relating to residential immovable prop erty
and amending Directives 2008/48/EC and 2013/36/EU and Regulatio n
(EU) No 1093/2010.
Amends 
regulation 18E 
of the principal regulations.2. In sub-regulation (3) of regulation 18E of the principal
regulations, the words "notify the Director General" shall be
substituted by the words "notify the MFSA".
Amends 
regulation 18F 
of the principal regulations.3. Regulation 18F of the principal regulations, shall be
amended as follows:
(a) sub-regulation (3) thereof shall be substituted by the
VERŻJONI ELETTRONIKA
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following new sub-regulation: 
(b) in sub-regulation (4) thereof, the words "whose
admission has been withdrawn." shall be substituted by the
words "whose admission has automatically ceased to have effector has been withdrawn.".
Amends 
regulation 23A 
of the principal regulations.4. Regulation 23A of the principal regulations shall be
amended as follows:
(a) the marginal note thereof shall be substituted by the
words "Administrative penalties - powers of the MFSA."; 
(b) the words "administrative fine", wherever they occur,
shall be substituted by the words "administrative penalty";
(c) in sub-regulation (2) thereof, the words "the fine is
being imposed" shall be substituted by the words "the
administrative penalty is being imposed"; and
(d) in the Maltese version of paragraph (a) of sub-
regulation (3) thereof, the words "l-ammont tal-multa" shall be
substituted by the words "l-ammont tal-penali amministrattiva".
Amends 
regulation 23C 
of the principal 
regulations.5. Regulation 23C of the principal regulations shall be
amended as follows:
(a) the marginal note thereof shall be substituted by the
words "Publication of administrative penalties."; and 
(b) sub-regulation (1) thereof shall be substituted by the"(3) Where Malta is the home Member State and
where the admission of a credit intermediary
automatically ceases to hav e effect in accordance with
sub-regulation (1) or is withdrawn by the MFSA inaccordance with sub-regulation (2), the MFSA shallimmediately notify the European regulatory authority of
the relevant host Member States of such automatic
cessation of admission or of such withdrawal as soon as
possible and at the latest within fourteen (14) days from
the date on which the admission automatically ceases tohave effect or from the date of the withdrawal, by any
appropriate means."; and
VERŻJONI ELETTRONIKA
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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
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following new sub-regulation:
"(1) The MFSA may publish, on its official
website and, or in any other media as it considers
appropriate, any administrative penalties imposed under
the provisions of these regulations. Such publications
shall include information on the type and nature of thebreach and the identity of the person on whom the
administrative penalty is imposed, without undue delay
after that person is informed of those penalties:
Provided that the MFSA shall not publish any
administrative penalties im posed under the provisions of
these regulations where such publication would seriouslyjeopardise the financial markets or cause disproportionatedamage to the parties involved:
Provided further that in cases where an
administrative penalty or penalties imposed under the
provisions of these regulations have been published in
terms of this sub-regulation and an appeal has been filedby the person on whom such administrative penalty or
penalties have been imposed, the MFSA shall, without
undue delay, also publish on its official website and inany other media as it consid ers appropriate, information
on the status of the appeal and the outcome thereof.".
VERŻJONI ELETTRONIKA