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07/07/2020

Government Notices published in Govt. Gazette no 20,435 of 7 July 2020

 

No. 728

 

LEGAL NOTICES PUBLISHED IN THE SUPPLEMENT TO THE GOVERNMENT GAZETTE

 

IT is notified for general information that the following Legal Notices were published in the Supplement to the Government Gazette No. 20,430 of the 30th June, 2020, and No. 20,433 of the 3rd July, 2020, respectively.

 

L.N.278 of 2020: Public Health Act (Cap. 465); Moratorium on Credit Facilities in Exceptional Circumstances (Extension) Regulations, 2020.

 

L.N.279 of 2020: Public Health Act (Cap. 465); Period of Quarantine (Amendment No. 3) Order, 2020.

 

L.N.280 of 2020: Public Health Act (Cap. 465); Travel Ban (Extension to All Countries) (Amendment No. 3) Order, 2020.

 

L.N.281 of 2020: Social Care Standards Authority Act (Cap. 582); Social Regulatory Standards for Community-Based and Outreach Services Regulations, 2020.

 

7th July, 2020

 

 

 

No. 729

 

Health Care Professions Appeals Committee

 

IT is hereby notified for general information that in exercise of the powers conferred by Article 49 of the Health Care Professions Act, and for the purposes of that Act, the Deputy Prime Minister and Minister for Health has made the following appointments on the Health Care Professions Appeals Committee for a period of three years.

 

President

Dr Ivan Sammut

 

Member Ex-officio

Dr Mario John Vassallo

 

Member Ex-officio

Dr Charmaine Gauci

 

Members

Dr Isabelle Borg

Ms Karen Vella Sciberras

Ms Muriel Buttigieg

Mr Joseph Castillo

 

Secretary

Dr Anthony Gatt 

 

7th July, 2020

 

 

 

No. 730

 

Park Nazzjonali tal-Inwadar

 

Establishment of the Park Nazzjonali tal-Inwadar Regulations (S.L. 549.109)

 

Appointment of the Park Nazzjonali tal-Inwadar Management Board

 

IN terms of regulation 8 of the Establishment of the Park Nazzjonali tal-Inwadar Regulations (S.L. 549.109), the Minister for the Environment, Climate Change and Planning has approved the appointment of the following persons to serve on the Park Nazzjonali tal-Inwadar Management Board.

 

Chairperson

Mr Steve Borg

 

Members

Mr Mario Calleja

Ms Joyce Abela

Dr Kathleen Grima

Mr Remigio Schembri

Mr Jason Mangani

Mr Bryan Degabriele

 

The Minister for the Environment, Climate Change and Planning has also approved the appointment of Mr Matthew Chetcuti as Secretary to the said Board.

 

All appointments are effective from the 1st July, 2020, for a period of three (3) years.

 

7th July, 2020

 

 

No. 731

 

DIFFERENT CONDITIONS RELATING TO MANDATORY QUARANTINE

 

Period of Quarantine Order, 2020

 

The Superintendent of Public Health notifies that in accordance with article 2 (1) of the Period of Quarantine Order, 2020, the quarantine of the persons travelling from Mitiga, Libya on the 6th July, 2020, with scheduled arrival in Malta at 10.30hrs and departing from Malta to Mitiga, Libya, on the 6th July, 2020, with scheduled departure from Malta at 16.30hrs, shall be subject to those conditions of quarantine as communicated to them by the Superintendent.

 

7th July, 2020

 

 

 

No. 732

 

MINISTRY FOR THE FAMILY, CHILDREN'S RIGHTS AND SOCIAL SOLIDARITY

 

Additional Unemployment Benefit to Persons who Due to the Impact of Covid-19 Lose their Job in the Private Sector

 

IT is notified for general information that the Additional Unemployment Benefit, provided since 9th March, 2020, to persons who due to the Impact of Covid-19 lost their job in the private sector, is hereby being terminated with effect from the 4th July, 2020.

 

7th July, 2020

 

 

 

No. 733

 

MINISTRY FOR THE FAMILY, CHILDREN'S RIGHTS AND SOCIAL SOLIDARITY

 

A Benefit for Employed Parents with Children Under 16 who Due to the Impact of Covid-19 Cannot Go to Work to Take Care of their Children

 

IT is notified for general information that the Parent Benefit, provided since 9th March, 2020, to parents employed in the private sector, with children under 16 years of age, who were not able to work from home and who, due to the impact of COVID-19, were not able to go to work to take care of their children, is hereby being terminated with effect from the 4th July, 2020.

 

7th July, 2020

 

 

 

No. 734

 

ORDER OF THE PARLIAMENT MINISTER FOR Justice, Equality and Governance

 

In exercise of the powers conferred by Article 113 of the Civil Code (Cap. 16), the Minister for Justice, Equality and Governance has made this Order whereby the Adoption Order dated 13th September, 2019, issued from the Court of Addl. District Judge, Barpeta, in India, is being specified as an intercountry adoption of the person therein mentioned for the purposes of Articles 113, 130 and 130A of the Civil Code.

 

(Sgd) Dr Edward Zammit Lewis

Minister for Justice, Equality and Governance

 

7th July, 2020

 

 

 

No. 735        

 

LOCAL COUNCIL DEPUTY EXECUTIVE SECRETARY

 

IT is hereby notified for general information that the following person has been appointed Deputy Executive Secretary of that Local Council with effect from 1st July, 2020:

 

 

Local Council             Deputy Executive Secretary

 

Fontana                                   Neville Galea

 

7th July, 2020

 

 

 

No. 736     

 

LOCAL COUNCIL EXECUTIVE SECRETARY

 

IT is hereby notified for general information that the following person has been appointed Executive Secretary of that Local Council with effect from 1st July, 2020:

 

Local Council             Executive Secretary

 

Munxar                                   Ryan Debrincat

 

7th July, 2020

 

 

 

No. 737        

 

LOCAL COUNCIL ACTING EXECUTIVE SECRETARY

 

IT is hereby notified for general information that the following person has been appointed Acting Executive Secretary of that Local Council with effect from 27th May, 2020:

 

Local Council             Acting Executive Secretary

 

Floriana                       Kevin Borg

 

7th July, 2020

 

 

 

No. 738

 

PUBLIC ADMINISTRATION ACT (CAP. 497)

 

IT is notified for general information for the purpose of Article 4 of Legal Notice 64 of 2016, Legal Aid Agency (Procedures) Order 2016, that with effect from 3rd July, 2020, the address of the Agency for Legal Aid Malta is:  188-189, Triq l-Ifran, Valletta VLT 1455.

 

Today 3rd July, 2020

 

 

 

No. 739

 

RELEASE OF LAND

 

Declaration by the LANDS AUTHORITY

 

Whereas by the Declaration of the Governor General of the 3rd November, 1973, published in the Government Gazette of the 9th November, 1973, under Government Notice No. 783, the Governor General  had declared that land which consists of a premises No. 40, Sqaq il-Mandraġġ, Ħal Għaxaq, was required by the competent Government for a public purpose in accordance with the provisions of the Land Acquisition (Public Purposes) Ordinance (Cap. 88), and whereas part of this land is no longer so required, I hereby declare for all intents and purposes of law that the undermentioned land is no longer required by the competent authority for a public purpose and also according to the Government Lands Act (Cap. 573) of the Laws of Malta.

 

7th July, 2020

 

Description of the Land

 

The following land in Ħal Għaxaq:

 

1. Part of the premises No. 40, Sqaq il-Mandraġġ, of the area of about 157 square metres in the respective two levels, consisting in the following: in the ground floor level, five rooms, a passage and yard with stairs and staircase and another part of a yard and on the first floor level, two rooms, a yard and a terrace.

 

The abovementioned land is shown marked with the colour blue and shown as plot 4B on plan L.D..229/73/1, which may be viewed on demand at the Lands Authority, Auberge de Baviere, Valletta.

 

(Sgd) Judge Emeritus C. Farrugia Sacco

Chairman Lands Authority

 

16th June, 2020

 

 

 

 

Lands Reg Gozo Gaz 7.7.pdf

 

 

 

 

No. 741

 

CONDOMINIUM ACT (CAP. 398)

 

Notice is hereby given that I have received an application for the registration of and/or amendment to rules regulating the following condominia:

 

Condominium NumberAddress of CondominiumRemarksDate of Registration
240Antonin Court, Triq ta' Xaman, Ta' Sannat, GħawdexRegistration of Rules18/05/2020

 

Dr Marlin Vella, LLD

f/Land Registrar

 

7th July, 2020

 

 

 

No. 742

 

PROSPECTUS

 

62+ Malta Government Savings Bond – Issue 2020

 

Summary of the main terms of 62+ Malta Government Savings Bond - Issue 2020:

 

The following summary must be read as an introduction to this prospectus and any decision to acquire this Bond should be based on consideration of the prospectus as a whole by the investor.

 

Name of issuer: Government of Malta;

 

Title of the Bond: 62+ Malta Government Savings Bond (MGSB) – Issue 2020;

 

ISIN: MT4000010051;

 

Amount on issue: €60,000,000;

 

Over-allotment Option: additional amount of up to a maximum of €35,000,000;

 

Type: Fixed rate Bond;

 

Term: 5 Years;

 

Interest rate (coupon): The rate of interest of the 62+ Malta Government Savings Bond - Issue 2020 is 3% p.a.;

 

Issue Price: The Bond is denominated and issued at par (100%) in units of €100 where the amount paid is equal to the principal amount invested;

 

Who can invest? Individuals born in 1958 or before;

 

Amount that can be invested: An eligible individual can invest a minimum amount of €500 up to a maximum amount of €10,000 in this Bond;

 

Non-Transferable and non-negotiable debt Instrument: The 62+ Malta Government Savings Bond – Issue 2020 cannot be negotiated, assigned or transferred onto any other individual or legal person and cannot be pledged;

 

When is the interest paid? The interest is payable semi-annually in arrears on 21st January and 21st July during the tenor of the Bond (unless withdrawn before) in the bank account nominated by the holder;

 

Tax: Resident individual holders can opt to receive the interest net of tax or gross and declare the investment income (interest) received in the income tax return;

 

How can one invest in the 62+ Malta Government Savings Bond – Issue 2020?

 

Category 'A' applicants: New eligible applicants in the 62+ Malta Government Savings Bond – Issue 2020 made up of (i) individuals born in the year 1958 and (ii) individuals born before 1st January 1958 who were eligible to apply in any of the past issuances of the 62+ Malta Government Savings Bond but for any reason did not apply, may obtain and lodge the application form (Form 'A') at one of the Authorised Financial Institutions and Authorised Investment Service Providers;

 

Category 'B' applicants: Existing holders of the 62+ Malta Government Savings Bonds issued in the past three years and whose name appeared on the register at close of business of Friday 5th June 2020, shall receive by post an application form (Form 'B') which can be lodged at one of the Authorised Financial Institutions and Authorised Investment Service Providers;

 

Public Offer Period - Dates and Time: Applications for both Category 'A' and Category 'B' applicants shall open at 8:30 a.m. on Wednesday, 15th July 2020 and close at 5:00 p.m. on Thursday, 16th July 2020, or earlier at the discretion of the Accountant General;

 

Maturity: The 62+ Malta Government Savings Bond – Issue 2020 will be repaid at par on 21st July 2025;

 

Allocation Policy: Preference will be given to new eligible applicants made up of (i) individuals born in 1958, therefore they could not have applied in previous issuances of the 62+ MGSB and (ii) individuals born before 1st January 1958 who were eligible to apply in the past issuances but did not participate. After the bonds are allotted to these new applicants, the remaining portion available for allocation will be allocated among the existing holders of the 62+ Malta Government Savings at the discretion of the Accountant General in accordance with the allocation policy to be announced by the Accountant General after the closure of the issue;

 

What happens at the end of the investment term? The Malta Government Savings Bond – Issue 2020 is a special issue and therefore there is no guarantee that another bond issue will be available when the Bond is repaid.

 

Terms and Conditions

 

1. Application and Interpretation

 

(a) The 62+ Malta Government Savings Bond - Issue 2020 is a retail debt instrument offered by the Accountant General under the Government Borrowing and Management of Public Debt Act (Cap. 575 of the Laws of Malta) and is subject to the Malta Government Retail Savings Bonds Regulations (the Regulations) as amended or re-enacted from time to time.

 

(b) This prospectus is being published in accordance with article 25 (3) of the Government Borrowing and Management of Public Debt Act and regulation 4 of the Regulations. This prospectus in conjunction with the Government Borrowing and Management of Public Debt Act and Malta Government Retail Savings Bonds Regulations shall govern this issuance of this bond.

 

2. Definitions:

 

In these terms and conditions:

 

(a) “Accountant General" means the Accountant General of the Government of Malta who heads the Treasury Department;

 

(b) “Bond" the term Bond used in this prospectus means the 62+ Malta Government Savings Bond – Issue 2020;

 

(c) “Bondholder" or “Holder" means any individual in whose name the Bond is entered in the register;

 

(d) “Business day" means a day other than a Saturday, a national or public holiday listed in articles 2 and 5(1) of the National Holidays and other Public Holidays Act, a bank holiday as declared under article 3(2)(b) of the Banking Act, or a day when the Trans-European Automated Real-time Gross settlement Express Transfer System (TARGET), owned and operated by the Eurosystem, is closed for business as may be published on the European Central Bank's website; (www.ecb.europa.eu);

 

(e) “Category 'A' applicants" for the purpose of this prospectus means (i) individuals born in the year 1958 and (ii) individuals born before 1st January 1958 who were eligible to apply in the past issuances of the 62+ Malta Government Savings Bond but for any reason did not apply, hereinafter called new eligible applicants;

(f) “Category 'B' applicants" for the purpose of this prospectus means all individuals who participated in any of the previous issuances of the 62+ Malta Government Savings Bond held in the past years and whose name appeared on the register at the close of business of Friday 5th June 2020 (the Cut-Off Date), hereinafter called existing holders;

 

(g) “Claims" in respect of the 62+ Malta Government Savings Bond - Issue 2020 include both the principal repayment and the interest due if any on the said 62+ Malta Government Savings Bond – Issue 2020;

 

(h) “Eligible individual" means a natural person born in the year 1958 or before who is eligible to purchase and hold this Bond;

 

(i) “Individual" means a natural person;

 

(j) “Maturity date" is the date when the Bond falls due for repayment;

 

(k) “Registration Manager" means (i) the financial institution appointed by the Accountant General in terms of Article 24(2) the Government Borrowing and Management of Public Debt Act (Cap. 575 of the Laws of Malta) to manage the sale of the 62+ Malta Government Savings Bond on behalf of the Treasury.

 

(l) “Regulations" the word regulations in this prospectus means the Malta Government Retail Savings Bonds Regulations.

 

3. Issuance Amount

 

The Accountant General is offering €60,000,000 of the 62+ Malta Government Savings Bond – Issue 2020 which may be increased by an additional maximum amount of €35,000,000 in the event demand exceeds the amount on issue.

 

4. Investment Terms

 

The 62+ Malta Government Savings Bond – Issue 2020 earns interest at a fixed rate of 3% per annum for the whole five-year term of the Bond. The term of the Bond starts on the date of issuance which is 21st July 2020 up to the last day which immediately precedes the date of the maturity of the Bond set for the 21st July 2025.

 

5. Who may Purchase the Bond?

 

(1) There are two categories of applicants who can participate in this issue:

 

(a) Category 'A': - New eligible applicants made up of (i) individuals born in the year 1958 and (ii) individuals born before 1st January 1958 who were eligible to apply in the past issuances of the 62+ Malta Government Savings Bond but did not apply. These applicants must also satisfy the conditions for eligibility listed in paragraph 5 (2) below;

 

(b) Category 'B': – Applicants who participated in any of the previous issuances of the 62+ Malta Government Savings Bond and whose name appeared on the register at the close of business of Friday 5th June 2020, (the cut-off date). These applicants, if applicable, are also subject to satisfying the conditions of eligibility in paragraph 5 (2) (c), (d) (e) and (f).

 

(2) Other conditions for eligibility:

 

(a) The Bond cannot be held jointly with another individual.

 

(b) Except for para 5 (2)(c), the Bond is to be held in the applicant's own name.

 

(c) Curators appointed by court can purchase and hold the Bond on behalf of eligible individuals who lack capacity including individuals interdicted by court.

(d) An individual or a legal person may purchase the Bond in the name of another eligible individual where acting under a valid Power of Attorney.

 

(e) In the case of a Bond purchased as per (c) and (d) above, the Bond shall be deemed to be held by the eligible individual on whose behalf it was purchased.

 

(f) Only EU citizens residing in an EU country and UK nationals residing in the United Kingdom or in an EU country are eligible to purchase this Bond.

 

6. General Limitations

 

 The following individuals are not eligible to invest in the Bond:

 

(i) In respect of Category 'A' applicants, where the applications have been submitted under the nominee or clients account system. Category 'B' applicants have already satisfied this condition; and

 

(ii) Individuals born in the year 1958 or before who lack capacity including individuals interdicted by Court unless the application is made in accordance with paragraph 5 (2) (c).

 

7. Non- Transferability

 

The Bond or any interest thereon may not be transferred or assigned to any other individual or legal person or pledged, in whole or in part. There is no secondary trading market for the Bond.

 

8. Appointment of Registration Manager

 

The Malta Stock Exchange p.l.c having its registered office at Garrison Chapel Castille Place Valletta (C.42525) has been appointed as the Registration Manager to manage the sale of the 62+ MGSB on behalf of the Treasury.

 

9. Date of Issuance, applications and holding limits

 

(a) Applications open at 8.30 a.m. on Wednesday, 15th July 2020 and close at 5.00 p.m. on Thursday, 16th July 2020 or earlier at the discretion of the Accountant General.

 

(b) (i) The application form (Form 'A') for Category 'A' applicants (new applicants) may be downloaded from Treasury's website (www.treasury.gov.mt) or obtained from and lodged at one of the authorised financial institutions and authorised investment service providers.

 

(ii) The application form (Form 'B') for Category 'B' applicants (existing holders of any of the 62+ Malta Government Savings Bonds) shall be sent by post and can be lodged at one of the authorised Financial Institutions and authorised Investment Service Providers.

 

(c) All applications will be irrevocable after closing time.

 

(d) The minimum amount of the Bond that may be purchased is €500 and each eligible individual can invest up to a maximum of €10,000.

 

(e) Applications are to be made in multiplies of €100 on the prescribed application form.

 

(f) The Accountant General acting through the Registration Manager has the right to reject the applications if (i) the applicant has failed to comply in a material manner with the terms and conditions contained in this prospectus or (ii) on any grounds whatsoever.

10. Evidence of identity

 

In respect of Category 'A' applicants, the Accountant General acting through the Registration Manager reserves the right to conduct the necessary verification to confirm the identity, age and address of the applicant. In accepting the terms and conditions the eligible applicant confirm that s/he is aware that her/his identity, age and address can be checked.

 

11. Over-allotment option

 

In the event that the original sum on issue of €60,000,000 is oversubscribed, the Accountant General reserves the right to exercise the over-allotment option and allocate an additional amount up to a maximum of €35,000,000 for a total aggregate amount not exceeding €95,000,000.

 

12. Allotment Policy

 

(a) The Accountant General will be giving preference to new eligible applicants (Category 'A') such that their application will be satisfied in full provided that the amount on issue or the aggregate amount that can be issued is not exceeded.

 

(b) In the case that notwithstanding the exercise of the over-allotment option there still remains applications from Category 'A' applicants (new eligible applicants) which are unsatisfied, then the Accountant General will scale down applications in accordance with an allocation policy to be determined by the Accountant General at his sole discretion. In such event there shall not be any amounts left to be allocated to Category 'B' applicants.

 

(c) In the event that where Category 'A' applicants are satisfied in full there remains amounts to be allocated, such unutilized amount shall be allotted among Category 'B' applicants in accordance with an allocation policy to be determined by the Accountant General at his sole discretion.

 

(d) Refund of amounts in respect of applications which are not wholly allotted will be effected before the issue of the relevant Registration Advice. No interest is due on any unallocated amounts until such amounts are refunded.

 

13. Interest payments and interest payment dates

 

(a) The interest is paid semi-annually in arrears on the 21st January and 21st July in every year during the tenor of the Bond at the rate of 1.5% calculated on the Face Value (nominal) of the Bond.

 

(b) The first semi-annual interest payment at the rate of 1.5% covering the period from 21st July 2020 (issue date) up to 20th January 2021 (both dates inclusive) shall be paid on 21st January 2021.

 

(c) If an interest payment date falls on a non-business day, payment will be made on the succeeding business day without payment of additional interest.

 

14. Method of payments

 

(a)  All payments in respect of this Bond must be made in Euro and to Euro denominated bank accounts for which the Accountant General has been supplied with a valid International Bank Account Number (IBAN).

 

(b)  The settlement of all types of payments linked to this Bond, including:

 

(i) semi-annual interest payments;

 

(ii) refunds of unallocated monies;

(iii) early repayment of principal; and

 

(iv) redemption of the Bond on its maturity date,

 

shall be made by credit transfer through the Single Euro Payments Area (SEPA) scheme in the IBAN indicated in the respective application form or the latest bank account number (IBAN) held in the register.

(c) The Treasury does not charge for sending payments, however the beneficiary's bank could charge a fee to receive the funds when these exceed certain amounts. The Accountant General shall not be responsible for any bank charges arising in connection with any payment in respect of this Bond.

 

15. Tax

 

The interest earned from the 62+ Malta Government Savings Bond - Issue 2020 is taxed in accordance with the investment income provisions of the Income Tax Act (Cap. 123 of the Laws of Malta). As stated in the information summary, resident individual holders can opt to receive the interest payment gross and declare the investment income earned in their income tax returns or net of tax (withholding tax).

 

Every year, the Accountant General will render (i) an account to the Maltese Commissioner for Revenue of all amounts of interest paid and tax deducted as well as the identity of the recipient and (ii) will inform the Maltese Commissioner for Revenue of all interest paid gross and of the identity of all such recipients.

 

 Any tax election made by the resident Bondholder at the time of subscription may be subsequently changed by giving notice in writing to the Registrar. Such election or revocation will be effective within the time limit set out in the Income Tax Act.

 

16. Early redemptions and cancellation

 

(a) Bondholders may withdraw the whole amount invested in the 62+ Malta Government Savings Bond - Issue 2020 before the maturity date of the Bond subject to the payment of a penalty for early redemption in terms of paragraph 17. No application for a partial withdrawal from individual's holding will be entertained during the life of the Bond.

 

(b) Applications for early redemptions shall be made on the prescribed form which can be downloaded from the Treasury's website and sent to the Treasury Department. The Accountant General will normally initiate the electronic transfer of funds within 30 days. Typically, the early redemptions are payable on the 5th day of the month.

 

(c) Bondholders' requests for early redemptions are irrevocable and cannot be withdrawn after they are submitted to and received by the Accountant General.

 

(d) The Bonds which are redeemed before the maturity date of the Bond as specified in this paragraph will be cancelled.

 

17. Calculation of accrued interest on early redemption

 

Where the holder withdraws the principal before the first interest payment date, the holder shall be entitled to interest from the issue date of the Bond up to the last day which immediately precedes the repayment date.

 

Where a holder withdraws the principal before the maturity date but after the first interest payment date, the holder shall be entitled to interest from the last interest payment date up to the last day which immediately precedes the early repayment date.

 

In the case of inheritance occurring during the term of the Bond, upon the notification of the death of a Bondholder, the account is put on hold. The principal together with (i) withheld interest payments and (ii) accrued interest from the last interest payment date up to the last day which immediately precedes the repayment date of the Bond will be paid to the beneficiaries of the deceased Bondholder through the transmission Causa Mortis procedure. The Bond held by the deceased is not transferable onto the beneficiaries of the deceased Bondholder.

 

On payment of principal to the beneficiaries of the deceased bondholder through the transmission causa mortis procedure, the bond will be cancelled.

 

18. Penalty for early redemption

 

(a) Except where paragraph (c) below applies, a penalty equivalent to three (3) months gross interest on the principal withdrawn, at the interest rate the Bond is earning, i.e. 3% per annum, will be deducted from the repayment. The formula for calculation and application of the penalty is as follows:

 

Penalty Amount = P x R x 3

                                   12

 

Where: P is the principal amount withdrawn; and

 

R the annual interest rate of 3% the Bond is earning.

 

By way of example, a Bondholder who invested the maximum permissible amount of €10,000 who opts for early redemption of the Bond will incur a penalty of €75.00.

 

(b) If there is insufficient interest due in the current interest period to meet the early redemption charge, an adjustment to the principal being repaid will be made to meet the penalty. If a Bondholder cashes in the Bond within the first three months of its commencement, the Bondholder will get back less than originally invested.

 

(c) No penalty will be charged where the Bond is repaid before maturity to the beneficiaries of the deceased Bondholder through the causa mortis procedure.

 

19. Redemption of the 62+ Malta Government Savings Bond - Issue 2020

 

The 62+ Malta Government Savings Bond Issue - 2020 shall be redeemed at par on 21st July 2025.

 

20. Cut-off date for amendments in the register

 

The register shall be closed for a period of ten (10) days immediately preceding each date upon which the semi-annual interest on the bond falls due and no amendments such as, change of (i) address, (ii) tax option and (iii) bank accounts details, shall be made during that period.

 

21. Security

 

The principal and the interest payments thereon of the 62+ Malta Government Savings Bond – Issue 2020 will be a charge on the consolidated fund and other public funds of the Government of Malta.

 

22. Registration advice and other statements

 

On registration, the 62+ Malta Government Savings Bond - Issue 2020 Bondholders will receive a registration advice from the Malta Stock Exchange (MSE) through normal post or through the MSE's internal electronic system managed by the MSE.

As soon as the holders receive the registration advice from the MSE they should examine it carefully and report any errors or omissions to the Accountant General as soon as possible. It is the responsibility of the Bondholder to ensure that the registration advice and other correspondence received in connection with 62+ Malta Government Savings Bond – Issue 2020 are kept safely.

 

23. Prescription

 

Claims in respect of 62+ Malta Government Savings Bond – Issue 2020 issued under this prospectus will become prescribed unless presented for payment within six years from the maturity date of the Bond.

 

24. Data protection clauses

 

The Accountant General guarantees that any personal data the holder may provide in the Application form will be processed in accordance with the requirements of the Data Protection Act (Cap. 586 of the Laws of Malta) and the EU legislation on Data Protection - GDPR (Regulation (EU) 2016/679) in force at the time of data processing.

 

Personal data collected in the application form will be retained by the Accountant General for six years after the maturity date of the 62+ Malta Government Savings Bond – Issue 2020. However, data required to satisfy judicial or administrative authorities will be held for the period stipulated in the respective Acts and other relevant legislation.

 

Moreover, the personal data of a holder as submitted in the application form will be passed on to the Registration Manager appointed by the Accountant General to manage the sale of the 62+MGSB on his behalf as well as to the Registrar authorised to maintain the register on his behalf. The personal data will be subject to the Registration Manager's and the Registrar's data protection policy.

 

25. Governing Law

 

The relevant legislation under which this Bond is being issued are (a) The Budget Measures Implementation Act (Cap. 608 of the Laws of Malta); (b) The Government Borrowing and Management of Public Debt Act (Cap. 575 of the Laws of Malta); and (c) the Malta Government Retail Savings Bonds Regulations.

 

26. Jurisdiction

 

Exclusive place of jurisdiction for any legal proceedings arising under the 62+ Malta Government Savings Bond – Issue 2020 is Malta.

 

27. Contact Details

 

Investors can obtain further information on the 62+ Malta Government Savings Bond – Issue 2020 and on other Government Securities by contacting the Treasury Department through one of the below listed contact details:

 

Address: Treasury Department, Development House, Level 2-3, Triq Sant'Anna, Floriana.

 

Telephone: 25967125

E-mail: treasury.malta@gov.mt

Website: www.treasury.gov.mt

 

7th July, 2020

 

 

 

 

Door numbering Gaz 7.7.pdf

 

 

 

No. 746

 

GOLDSMITHS AND SILVERSMITHS ACT (CAP. 46)

 

THE Commissioner of Inland Revenue notifies that, on the date shown hereunder, the price of gold and silver on which valuations made by the Consul for Goldsmiths and Silversmiths are based has been fixed for the purposes of article 14 of the said Act as follows:

 

                                    Date                              Pure Gold                    Pure Silver

                                                                             Grams                           Grams

                                       

                                    7.7.2020                      €51.287                                   €0.547

 

7th July, 2020