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The Banking Unit is currently in the process of converting its Banking Directives into Banking Rules. Accordingly, in future, all Banking Directives will be designated as Banking Rules and the current directory on ‘Directives’ on the MFSA site will be replaced by ‘Rules’. This revision was felt necessary so as to avoid possible confusion arising from the increased use of the concept of “directives” following EU accession. At the same time, amendments are currently being prepared to local legislation so that in the near future local legislation shall complete in full the transposition of the provisions of EC Directives 2006/48/EC and 2006/49/EC. The provisions of EC Directive 2006/48/EC shall hopefully be brought into force in the coming weeks partly by way of amendments to the Banking Act 1994, and new requirements shall be issued through new Banking Rules. These Banking Rules are already being published in order to allow credit institutions to anticipate the coming changes and to start preparing accordingly. At this stage credit institutions may, in line with the transitional period envisage in Article 152 (8) of EC Directive 2006/48/EC adopt the new requirements laid down in the said Directive at any time during 2007. In view of this, until formal adoption of the new requirements by credit institutions during 2007 (or at the latest, until 1 January 2008), institutions will continue to implement Banking Directives BD/02 and BD/04 for the purposes of large exposures and capital requirements, respectively. The conditions applicable to credit institutions availing themselves of the transitional period have been included in Banking Directive BD/02 as article 61 and BD/04 as article 16-17. Accordingly, until 1 January 2008, both Banking Directives BD/02 and BD/04 and Banking Rules BR/02 and BR/04 shall remain available on the MFSA website.



Banking Directives
  
A Summary Introduction to the Banking Directives  
  
BD/01/2002
  
Application Procedures and Requirements for Authorisation of Licences for Banking Activities under the Banking Act 1994  
  
BD/02/2002
  
Large Exposures of Credit Institutions Authorised under the Banking Act 1994  
  
BD/03/2002
  
Own Funds of Credit Institutions Authorised under the Banking Act 1994  
  
BD/04/2002
  
Solvency Ratio of Credit Institutions Authorised under the Banking Act 1994  
  
BD/05/2002
  
Liquidity Requirements of Credit Institutions Authorised under the Banking Act 1994  
  
BD/06/2005
  
Statutory Financial Information to be submitted by Credit Institutions under the Banking Act 1994  
  
BD/07/2002
  
Publication of Audited Financial Statements of Credit Institutions Authorised under the Banking Act 1994  
  
BD/08/2002
  
Capital Adequacy of Credit Institutions Authorised under the Banking Act 1994  
  
BD/09/2002
  
Credit and Country Risk Provisioning of Credit Institutions Licenced under the Banking Act 1994  
  
BD/10/2002
  
Supervision on a Consolidated Basis of Credit Institutions Authorised under the Banking Act 1994  
  
BD/11/2002
  
Extension of the Applicability of the "Arms Length" Principle by Credit Institutions authorised under the Banking Act 1994  
  


Banking Directives A Summary Introduction to the Banking Directives
Introduction to Banking Directives
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BD/01/2002 Application Procedures and Requirements for Authorisation of Licences for Banking Activities under the Banking Act 1994
Application Procedures and Requirements for Authorisation of Licences for Banking Activities under the Banking Act 1994
Personal Questionnaire
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BD/02/2002 Large Exposures of Credit Institutions Authorised under the Banking Act 1994
Large Exposures of Credit Institutions
Appendix 1
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BD/03/2002 Own Funds of Credit Institutions Authorised under the Banking Act 1994
Own Funds of Credit Institutions
Appendix 2
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BD/04/2002 Solvency Ratio of Credit Institutions Authorised under the Banking Act 1994
Solvency Ratio of Credit Institutions
Capital Adequacy Summary Return
Summary Schedule
Own Funds - Appendix 2
Other Capital and Non-Capital Liabilities
Assets
Off-Balance Sheet Items
Int and For Exchange Rate Related Contracts
Asset Items Collaterilised
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BD/05/2002 Liquidity Requirements of Credit Institutions Authorised under the Banking Act 1994
Liquidity Requirements
Annex 2
Annex 2 Explanatory Notes
Annex 3 & 4
Annex 5
Annex 5 Explanatory Notes
Annex 6
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BD/06/2005 Statutory Financial Information to be submitted by Credit Institutions under the Banking Act 1994
Statutory Financial Information Directive
Instructions to the Schedules Appendices 1-11
Specimen Schedules Appendix 12
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BD/07/2002 Publication of Audited Financial Statements of Credit Institutions Authorised under the Banking Act 1994
Publication of Audited Financial Statements
Appendix D1, D2, D3 & D4
Appendix D5 & D6
Appendix D7, D8 & D9
Appendix D10 & D11
Appendix D12, D13 & D14
Appendix D15 & D16
Appendix D17 & D18
Appendix D19, D20 & D21
Appendix D22
Appendix D23
Appendix D24 & D25
Appendix D26 & D27
Appendix D28
Appendix D29
Appendix D30
Appendix D31
Appendix D32
Appendix D33
Appendix D34 & D35
Appendix D36
Appendix D37
Appendix D38
Appendix D39
Appendix D40
Appendix D41, D42 & D43
Appendix D44
Appendix D45
Appendix D46
Appendix D47
Appendix D48
Appendix D49, D50 & D51
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BD/08/2002 Capital Adequacy of Credit Institutions Authorised under the Banking Act 1994
Capital Adequacy
Appendix F
Appendix G Summary Schedule
Annex 1
Appendix l-C (C-i)
Appendix l-C (C-ii) & (C-iii)
Appendix l-C (C-iv)
(C-v) & (C-vi) and Appendix l-D
Appendix l-E
Appendix l-F
Annex ll and Appendix ll-A
Annex lll
Appendix lll - A
Appendix lll - B
Appendix lll - C
App lll - D App lll - E and App lll - F
Appendix lll - G General Risk
Appendix lll - G Specific Risk
Appendix lll - H
Annex lV and Annex V
Appendix V - A Annex Vl and Appendix Vl A
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BD/09/2002 Credit and Country Risk Provisioning of Credit Institutions Licenced under the Banking Act 1994
Credit and Country Risk Provisioning of Credit Institutions Licenced under the Banking Act 1994
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BD/10/2002 Supervision on a Consolidated Basis of Credit Institutions Authorised under the Banking Act 1994
Supervision on a Consolidated Basis of Credit Institutions Authorised under the Banking Act 1994
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BD/11/2002 Extension of the Applicability of the "Arm's Length" Principle by Credit Institutions authorised under the Banking Act 1994
Extension of the Applicability of the "Arm's Length" Principle by Credit Institutions authorised under the Banking Act 1994
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Last Updated: 08/10/2007