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Suppliment tal-Gazzetta tal-Gvern ta’
 Malta Nru. 20,171, 16 ta’ April, 2019
Taqsima
 
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L.N. 76 of 2019
BANKING ACT 
(CAP. 371)
Banking Act (Supervisory Review) (Amendment) Regulations, 2019
IN EXERCISE of the powers conferred by article 3 of the
Banking Act, the Minister responsible for the regulation of Financial
Services, acting on the advice of the Malta Financial ServicesAuthority, has made the following regulations:-
Citation. 
S.L. 371.16.1. The title of these regulations is the Banking Act
(Supervisory Review) (Amendment) Regulations, 2019 and these
regulations shall be read and construed as one with the Banking  Act
(Supervisory Review) Regulations, hereinafter referred to as '' the
principal regulations''.
Amends 
regulation 2 of the principal regulations.2. Sub-regulation (1) of regulation 2 of the principal
regulations shall be amended as follows:
(a) immediately after the definition ''the CRR'' thereof,
there shall be added the following new definition: 
'' ''EU parent institution'' means the same as that
meaning assigned to it in point (29) of Article 4(1) of the
CRR;''; and
(b) immediately after the def inition ''internal approach''
thereof, there shall be added the following new definition: 
'' ''parent institution in Malta" means an institution
in Malta which has an institution or a financial institution
as a subsidiary or which holds a participation in such an
institution or financial institution, and which is not itself
a subsidiary of another instit ution authorised in Malta, or
of a financial holding company or mixed financial
holding company set up in Malta;''.
Amends 
regulation 18 of 
the principal 
regulations.3. Regulation 18 of the principal regulations shall be
amended as follows:
(a) in paragraph (b) of sub-regulation (2) thereof, for the
words, " the number of parent institutions”, there shall be
substituted the words, "the number of parent institutions in Malta
and EU parent institutions"; 
VERŻJONI ELETTRONIKA
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(b) in sub-regulation (3) thereof:
(i) in paragraph (b), for the words, " the number of
parent institutions'', there shall be substituted the words,
"the number of parent institut ions in Malta and EU parent
institutions"; 
(ii) in sub-paragraph (i)  of paragraph (c) for the
words, " own funds  of parent institutions'', there shall be
substituted the words, "own funds of parent institutions inMalta and EU parent institutions";
(iii) in sub-paragraph (ii) of paragraph (c), for the
words, "own funds of parent institutions'', there shall besubstituted the words, "own funds of parent institutions in
Malta and EU parent institutions"; and
(iv) in sub-paragraph (iii) of paragraph (c), for the
words, "own funds required under Article 92 of the CRR ofparent institutions'', there shall be substituted the words,
"own funds required under Article 92 of the CRR of parentinstitutions in Malta and EU parent institutions".
VERŻJONI ELETTRONIKA