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Government Notices published in Govt. Gazette No. 19,382 of 13 February 2015
01/01/2015
No. 126
ACTING PRIME MINISTER
IT is notified for general information that, acting on the advice of the Prime Minister, the President of Malta has directed that the Hon. Louis Grech, BA, MA (Oxon), MP, Deputy Prime Minister and Minister for European Affairs and Implementation of the Electoral Manifesto, assumes the additional duties of the Prime Minister, on Thursday, 12th February, 2015, during the absence from Malta of the Hon. Joseph Muscat, KUOM, BCom, BA (Hons), MA (European Studies), PhD (Bristol), MP.
No. 127
APPOINTMENT OF ACTING ATTORNEY GENERAL
IN exercise of the powers conferred by Article 91 (1) and by Article 124 (5) (a) of the Constitution of Malta, the President of Malta, acting on the advice of the Prime Minister, has approved the appointment of Dr Donatella Frendo Dimech, LLD, Mag. Jur. (Int. Law), Deputy Attorney General, as Acting Attorney General, from the 29th to 31st January, 2015, both days included.
No. 128
THE CONSTITUTION OF MALTA
Delegation of Certain Powers Respecting the Public Service
BY the Honourable Dr Joseph Muscat, K.U.O.M., B.Com, B.A. (Hons), M.A. (European Studies), Ph.D. (Bristol), M.P., Prime Minister.
WHEREAS article 110 of the Constitution of Malta provides that power to remove and to exercise disciplinary control over persons holding or acting in public offices shall vest in the Prime Minister, acting on the recommendation of the Public Service Commission;
AND WHEREAS it is further provided in the same article that the Prime Minister, acting on the recommendation of the Public Service Commission, may delegate in writing any of the aforementioned powers to such public officer or other authority as may be specified in the Instrument of Delegation;
AND WHEREAS by Instrument of Delegation dated 18th June, 2014, the Prime Minister, acting on the recommendation of the Public Service Commission, delegated to a number of public officers or other authorities listed in the Schedule to the named Instrument the power to exercise disciplinary control in accordance with the provisions of the Disciplinary Procedure in the Public Service Commission (Disciplinary Procedure) Regulations to the extent listed in the said Schedule and subject to any special provisions set out therein;
AND WHEREAS the Public Service Commission has recommended that power to exercise disciplinary control over public officers, in accordance with the provisions of the Disciplinary Procedure in the Public Service Commission Regulations (S.L.Const.03), should also be exercisable without reference to the Commission by the public officers and other authorities listed in the Schedule to this Instrument, to the extent listed in the said Schedule and subject to any special provisions set out therein, provided that –
(i) the Public Service Commission may at any time recommend to the Prime Minister that this Instrument of Delegation be totally withdrawn or withdrawn in respect of particular public officers or other authorities; and
(ii) upon such a recommendation being made, and until the Prime Minister acts upon such a recommendation, the powers delegated by this Instrument shall be suspended totally or only in respect of particular public officers or authorities, as may be stipulated in the recommendation made by the Public Service Commission;
AND WHEREAS I agree with the said recommendation:
NOW, THEREFORE, I, JOSEPH MUSCAT, K.U.O.M., B.COM, B.A. (HONS), M.A. (EUROPEAN STUDIES), Ph.D. (BRISTOL), M.P., Prime Minister, in exercise of the powers conferred by article 110 of the Constitution, and saving the delegation of powers made on 18th June 2014, do hereby direct that as from the date hereof, the powers which the Public Service Commission has recommended should be exercisable by the public officers and other authorities listed in the Schedule to this Instrument shall be so exercisable by the said public officers and other authorities, to the extent listed in the said Schedule and subject to any special provisions set out therein, and in accordance with the provisions of the Disciplinary Procedure in the Public Service Commission Regulations.
(Sgd) Joseph Muscat
GIVEN under my hand at the
Auberge de Castille, Valletta
This 2nd day of February, 2015
SCHEDULE TO THE INSTRUMENT OF DELEGATION
The public officers and other authorities listed hereunder shall have the power to exercise disciplinary control, in terms of the Disciplinary Procedure in the Public Service Commission Regulations (S.L.Const.03) and the Instrument of Delegation of which this Schedule forms part, without reference to the Public Service Commission, over public officers within their areas of jurisdiction, and subject to the special provisions applicable thereto:
Officer or authority | Area of jurisdiction | Special provisions |
Head (Operations) Detention Centres | Public officers performing duties at Detention Centres. | Subject to any instructions which may be issued by the responsible Permanent Secretary, within the parameters of this Schedule, vesting in any one officer power to exercise disciplinary control over particular categories of public officers. |
Chief Operations Officer, Karin Grech Rehabilitation Hospital | Public officers performing duties at Karin Grech Rehabilitation Hospital. | Subject to any instructions which may be issued by the responsible Permanent Secretary, within the parameters of this Schedule, vesting in any one officer power to exercise disciplinary control over particular categories of public officers. |
Chief Operations Officer, Mount Carmel Hospital | Public officers performing duties at Mount Carmel Hospital. | Subject to any instructions which may be issued by the responsible Permanent Secretary, within the parameters of this Schedule, vesting in any one officer power to exercise disciplinary control over particular categories of public officers. |
Chief Operations Officer, Sir Paul Boffa Hospital | Public officers performing duties at Sir Paul Boffa Hospital. | Subject to any instructions which may be issued by the responsible Permanent Secretary, within the parameters of this Schedule, vesting in any one officer power to exercise disciplinary control over particular categories of public officers. |
No. 129
APPOINTMENT OF ACTING DIRECTOR (INDUSTRIAL AND EMPLOYMENT RELATIONS)
THE Permanent Secretary in the Ministry for Social Dialogue, Consumer Affairs and Civil Liberties has approved the following acting appointment:–
NAMEPOSTDEPARTMENTDATE
Mr Anthony AzzopardiDirectorIndustrial and Employment Relations
12-19.02.2015
No. 130
VOLUNTARY ORGANISATIONS ACT
CAP. 492
Appointment on the Council for the Voluntary Sector
IT is hereby notified that, in exercise of the powers conferred by Article 35 of the Voluntary Organisations Act, the Minister for Social Dialogue, Consumer Affairs and Civil Liberties has appointed Mr Robert Farrugia as member of the Council for the Voluntary Sector. This appointment is valid until 30th June, 2016.
No. 131
ADOPTION ADMINISTRATION ACT
Cap. 495
Board of Appeal
IT is hereby notified for general information that in exercise of the powers conferred by article 16 of the Adoption Administration Act, and for the purpose of that Act, the Minister for the Family and Social Solidarity has appointed Ms Doriette Scicluna, BSc (Hons.) Nutritional Therapy, as member on the Board of Appeal instead of Mr Manuel Mangani, BA, CQSW. This appointment is for a period of three years with effect from 4th February, 2015.
No. 132
CULTURAL HERITAGE ACT
CAP. 445
Heritage Malta Board
Amendment
IT is hereby notified that Mr Anthony Scicluna is to substitute Mr Mario Tabone Vassallo as Deputy Chairperson of Heritage Malta Board. This appointment is valid up till 14th May, 2016.
No. 133
COMMISSIONER FOR OATHS ORDINANCE
CAP. 79
It is hereby notified in terms of Article 6 of the Commissioners for Oaths Ordinance that the following Officers of the Attorney General have been designated as ex officio Commissioners for Oaths:
Dr Victoria Buttigieg,Assistant Attorney General
Dr Philip Galea Farrugia, Assistant Attorney General
Dr Susan Sciberras, Senior Lawyer
Dr Roma D’Alessandro, Senior Lawyer
Dr Lara Lanfranco, Senior Lawyer
Dr Andria Buhagiar, Senior Lawyer
Dr Sarah Portelli, Senior Lawyer
Dr Christian Falzon Scerri, Lawyer
Dr Maurizio Cordina, Lawyer
Dr Elaine Mercieca Rizzo, Lawyer
Dr Giannella Busuttil, Lawyer
Dr Nadya Fiott, Lawyer
Dr Fiorella Fenech Vella, Lawyer
Dr Nadia Attard,Lawyer
Dr Abigail Caruana, Lawyer
Dr Mireille Sacco, Lawyer
Dr Kevin Valletta, Lawyer
Dr Vincienne Vella, Lawyer
Dr Stephanie Borg, Lawyer
Dr Anthony Vella, Lawyer
Dr Ariana Rowela Falzon, Lawyer
Dr Anne Marie Cutajar, Lawyer
Dr Kristina Debattista, Lawyer
Dr Graziella Tanti, Lawyer
Ms Heidi Testa, Legal Procurator
Ms Vanessa Magro, Legal Procurator
Ms Caroline Zerafa, Legal Procurator
Ms Francesca Scerri, Legal Procurator
Dr Peter Grech
Attorney General
No. 134
COMMISSIONER FOR OATHS ORDINANCE
Cap. 79
It is notified that, in exercise of such powers as provided by Article 3 of the Commissioners for Oaths Ordinance,the Minister for Justice appointed as Commissioners for Oaths, whilst performing such functions and as long as they continue in that capacity, and/or for the period indicated in the same appointment, whichever is the earlier, the undermentioned:
Mr Matthew Agius, LP
Ms Melissa Anastasi, LP
Mr Daniel Aquilina, LP
Ms Doreen Aquilina, LP
Ms Christine Caruana Aquilina, LP
Ms Nicholette Aquilina, LP
Ms Josette Attard, LP
Ms Francesca Balzan, LP
Ms Marie Claire Bartolo, LP
Ms Carmen Bellia
Mr Emanuel A. Bianco
Mr Gerald Bonello
Ms Lucy Bonello
Mr Victor J. Bugeja
Ms Liliana Buhagiar
Mr Jean-Pierre Busuttil
Mr Jeremy Buttigieg
Mr Mario Buttigieg
Mr Francesco Catania
Mr Joseph Catania
Mr George Cremona
Ms Joanna Dingli
Ms Rita Drago
Ms Hilda Ellul Mercer
Ms Nadine Farrugia
Ms Catherine Fenech
Ms Maria Dolores Fenech
Ms Eunice Maria Fiorini
Ms Christina Fiorini Lowell
Ms Madeleine Firman
Mr John Galea
Ms Mary Galea Debono
Mr Joseph Gatt
Ms Anita Giordimaina
Ms Vanessa Grech
Ms Rowena Grima
Ms Sacha Guillaumier
Ms Sarah Jacobsen
Ms Vera Lungaro Mifsud
Mr Paul Magro
Ms Vanessa Magro
Ms Pauline Mallia
Ms Antoinette Micallef
Mr Mario Mifsud Bonnici
Ms Sandra Mifsud Bonnici
Mr Edgar Montanaro
Ms Joeline Pace Ciscaldi
Mr Gordon Pisani
Ms Denise Portelli
Ms Veronica Rossignaud
Chev. Paul Saliba
Mr Peter Paul Sammut
Ms Michelle Sant
Ms Francesca Scerri
Mr Noel Scerri
Mr Alan Scicluna
Mr Anthony Stellini
Ms Davina Sullivan
Mr Quintin Tanti
Ms Heidi Testa
Mr Anthony Theuma
Ms Louisa Tufigno
Ms Helen Valenzia
Ms Sylvana Vella
Ms Alison Wadge
Mr Joseph Zammit
Mr Peter Paul Zammit
Ms Katrina Zammit Cuomo
Ms Caroline Zerafa
This notice substitutes Government Notice No. 124 published on the Government Gazette dated 9th February, 2015.
No. 135
WARRANT BY THE MINISTER FOR JUSTICE, culture and local government
IT is notified that, in exercise of such powers as provided by Article (3) of the Commissioners for Oaths Ordinance (Cap. 79) the Minister for Justice, Culture and Local Government appointed as Commissioners for Oaths, whilst performing such functions and as long as they continue in that capacity, and/or for the period indicated in the same appointment, whichever is the earlier, the undermentioned:
Identity Malta Agency
Mr Jonathan Cardona
Mr Joe Vella Bonnici
Mr Ryan Spagnol
By Authority
Owen bonnici
Minister for Justice,
Culture and Local Government
No. 136
PROSPECTUS
ISSUE OF AN AGGREGATE OF EURO 120,000,000 MALTA GOVERNMENT STOCKS Subject to an Over-Allotment Option of Euro 60,000,000 in the event of over-subscription
Authorised under the Local Loans (Registered Stock and Securities) Ordinance, Cap. 161
1. ISSUANCE OF STOCK
The Accountant General is offering an aggregate Euro 120,000,000 of Malta Government Stocks which are being offered and made available in any one or any combination of the following Stocks:
(i) 2% Malta Government Stock 2020 (V) Fungibility Issue, and
(ii) 3% Malta Government Stock 2040 (I).
2. APPLICATIONS
a) Applications open at 8.30 a.m. on Monday 23rd February, 2015 and close on the time and dates as hereunder, or earlier at the discretion of the Accountant General:
(i) at 5.00 p.m. on Wednesday 25th February, 2015 for applications by any single and/or joint applicants which in the aggregate do not exceed €100,000 per person, and
(ii) at noon on Monday 2nd March, 2015 for applications in the form of sealed bids (auction) under paragraphs 2(e) and 2(f).
b) All applications are to be made in multiples of €100 on the prescribed form.
c) Application forms may be downloaded from Treasury’s website (www.treasury.gov.mt) or obtained from, and lodged at, all Members of the Malta Stock Exchange and other authorised Investment Service Providers.
d) Applications by any single and/or joint applicants, which in the aggregate must not exceed €100,000 per person in any or each of the two Stocks, shall be at a price to be established for each Stock. Such Offer Price for each Stock will be announced to the Malta Stock Exchange and published in daily local newspapers three (3) days prior to opening of the applications. Applicants under this category are precluded from bidding also under paragraphs (e) and (f) below.
e) Applications by any single applicant, which in the aggregate are over €100,000, but do not exceed €500,000 in any or each of the two Stocks, shall be in the form of sealed bids for a minimum of €100,100 each. Applicants under this category are precluded from applying also under paragraphs (d) and (f).
f) Applications by any single applicant, which in the aggregate exceed €500,000 in any or each of the two Stocks, shall be in the form of sealed bids for a minimum and multiples of €500,000 each. Applicants under this category are precluded from applying also under paragraphs (d) and (e).
g) Bids on the prescribed forms are to be deposited at the Treasury Tender Box - Floriana or transmitted by fax on 2596 7210 or by e-mail at the e-mail addresses indicated on the application forms.
h) Applications by minors will only be accepted if signed by a legal guardian.
i) Applications in the name of ‘Nominee a/c’ and/or ‘Clients a/c’ will only be accepted if accompanied by a list showing the identity card number, or in case of a body corporate, the relevant identification number of their respective clients.The amount applied for by any single person, and/or two or more persons as joint applicants, listed under the ‘Nominee a/c’ and/or ‘Clients a/c’ must not exceed €100,000 per person in any or each of the two Stocks.
j) All applications will be irrevocable after closing time.
3. CLEARING FACILITIeS
a) MaltaClear
Clearing and settlement of transactions in Malta Government Stocks traded on the Malta Stock Exchange Trading System are effected through MaltaClear in accordance with Chapter 7 of the Malta Stock Exchange Bye-Laws.
b) Clearing (FOP) through Clearstream – MSE Access Link
(i) Applicants under paragraphs 2 (e) and (f) above, may also avail of free-of-payment (FOP) clearing facility provided through the Malta Stock Exchange plc (MSE) – Clearstream Banking AG – Frankfurt (CBF) Access Linkas direct customers of CBF or Clearstream Banking SA, Luxembourg (CBL), or indirectly by being capable of clearing through CBF/CBL via another central securities depository or international central securities depository (‘other CS/ICSD’) linked to CBF/CBL.
(ii) It is the settled subscriber’s responsibility to ensure that a relevant Receive Free message for free receipt of the subscribed Stocks is raised in due time in the appropriate format of the Society of Worldwide Interbank Financial Telecommunication (SWIFT). Where for any reason, the FOP delivery over the MSE-CBF Link of the allotted Malta Government Stocks fails or remains outstanding for a period of time set at the MSE’s discretion, the same Stocks may be transferred off-market, in favour of a securities account opened in the name of the settled subscriber, without charge at the MSE’s Central Securities Depository (hereinafter the CSD), until the CSD receives further authenticated instructions. The supplied International Bank Account Number (IBAN) will be availed for the payment of any interests or other payments that may subsequently become due to the settled subscriber during such time that the Stocks remain credited in the said CSD account, on the relevant record date.
4. ALLOTMENT POLICY OF STOCK
Allocation of Stock will be made in the following order:
a) applications by auction will be considered after applications at the Offer Price per €100 nominal are exhausted.
b) In the event that the original sum on issue is over-subscribed, the Treasury reserves the right to:
(i) exercise the over-allotment option at paragraph (5) by issuing further stocks; and
(ii) first allocate and satisfy the applications to applicants falling under paragraph (2) (d).
c) In case that notwithstanding the exercise of the over-allotment option there still remains applications which are unsatisfied, then the Treasury will scale down applications as deemed appropriate.
d) Bids at the last rate accepted for each Stock by more than one applicant will be allotted in proportion to the amount of the bids for each respective Stock. The allotment results of each Stock to applicants whose applications are in the form of sealed bids (auction) will be determined and announced two hours immediately after the closing time of applications by auction.
e) Any amount allotted to the Government Funds will be at the cut-off rate.
5. OVER-ALLOTMENT OPTION
The Accountant General reserves the right to exercise an over-allotment option for an additional amount of €60,000,000.
Refunds of applications, which are not wholly allotted, will be effected before the issue of the relevant Registration Advices. Such refunds will be paid by credit transfer through the Single Euro Payments Area (SEPA) scheme in the International Bank Account Number (IBAN) indicated in the respective application form for the payment of interest.
6. UNDERISSUANCE
The Accountant General reserves the right to accept bids for the full amount or any part thereof and to reject any bid or part thereof on any grounds whatsoever, notwithstanding that the aggregate amount on issue has not been taken up.
7. PAYMENT OF INTEREST
Interest is payable half yearly in arrears on the:
a) (i) 26th day of March and the 26th day of September during the tenor of the 2% Malta Government Stock 2020 (V); and
(ii) 11th day of June and the 11th day of December during the tenor of the 3% Malta Government Stock 2040 (I).
b) (i) In the case of accepted applications submitted by members of the public under paragraph 2 (d) in respect of the 2% Malta Government Stock 2020 (V) F.I., the first pro rata interest payment covering the period from the 2nd March, 2015 (the issue date) to the 25th March, 2015 (both dates inclusive) will be made at the rate of 0.132597 per cent on the 26th March, 2015;
(ii)in the case of accepted bids/applications submitted by institutional investors under paragraphs 2 (e) and (f) in respect of the 2% Malta Government Stock 2020 (V) F.I., the first pro rata interest payment covering the period from the 4th March, 2015 (the issue date) to the 25th March, 2015 (both dates inclusive) will be made at the rate of 0.121547 per cent on the 26th March, 2015;
(iii) in the case of accepted applications submitted by members of the public under paragraph 2 (d) in respect of the 3% Malta Government Stock 2040 (I), the first interest payment covering the period from the 2nd March,2015 (the issue date) to the 10th June, 2015 (both dates inclusive) will be made at the rate of 0.832418 per cent on the 11th June, 2015;
(iv)in the case of accepted bids/applications submitted by institutional investors under paragraphs 2 (e) and (f) in respect of the 3% Malta Government Stock 2040 (I), the first pro rata interest payment covering the period from the 4th March, 2015 (the issue date) to the 10th June, 2015 (both dates inclusive) will be made at the rate of 0.815934 per cent on the 11th June, 2015.
c) (i) Payment of interest of each stock will be made by credit transfer through the Single Euro Payments Area (SEPA) scheme in the International Bank Account Number (IBAN) as advised on the application form.
(ii) If the interest date falls on a day other than a business day, interest payment will be made on the immediately following business day. A “business day” means a day other than a Saturday,a national or public holiday listed in sections 2 and 5 (1) of the National Holidays and other Public Holidays Act (Cap. 252 of the Laws of Malta), a bank holiday as declared under section 3 (2) (b) of the Banking Act (Cap. 371 of the Laws of Malta) or a day when the Trans-European Automated Real-time Gross settlement Express Transfersystem (TARGET), owned and operated by the Eurosystem, is closed for business as may be published on European Central Bank’s website (www.ecb.europa.eu).
8. FUNGIBILITY
The Accountant General reserves the right to issue, in future, additional amounts of each of the present Stock in further tranches. In the event of such further issues these will be integrated with the respective existing Stock.
9. REDEMPTION OF STOCK
(i) The 2% Malta Government Stock 2020 (V) shall be redeemed at par on the 26th September, 2020.
(ii) The 3% Malta Government Stock 2040 (I) shall be redeemed at par on the 11th June, 2040.
10. SECURITY
The Stock and interest thereon will be a charge on the General Revenue and Assets of the Government of Malta.
11.TRADING ON THE MALTA STOCK EXCHANGE
a)Pursuant to the Financial Markets Act, Cap. 345, an application has been submitted to the Listing Authority for the bonds to be admissible to listing and to the Malta Stock Exchange for the bonds to be admitted to its Official List.
b) On the 26th March, 2015, after the payment of the first interest as indicated in paragraphs 7 (b) (i) and 7 (b) (ii), any amount allotted under the 2% Malta Government Stock 2020 (V) F.I. shall be integrated with the existing issue of this Stock and thereafter shall be deemed to be one Stock.
c)On the 11th June, 2015, after the payment of the first interest as indicated in paragraphs 7 (b) (iii) and 7 (b) (iv), any amount allotted under the 3% Malta Government Stock 2040 (I) shall be integrated and thereafter both shall be deemed to be one Stock.
12. COLLECTIVE ACTION CLAUSES (CACs)
(a)Pursuant to the decision of the European Council of 24-25th March 2011, and in accordance with Paragraph 3 of Article 12 of the European Stability Mechanism (ESM) Treaty, the model Collective Action Clauses (CAC) became mandatory in all new euro area government securities with maturity above one year issued on or after 1st January 2013.
(i) Pursuant to the provisions contained in the CACs, the Accountant General may, at any time, convene a meeting of stockholders to consider and approve any modifications of the borrowing terms and conditions of the Stock on issue.
(ii) The modifications that may be carried out are of two types: (1) A ‘reserved matter’ modification, involving the modification of the most important terms and conditions of this Stock, such as a reduction in the principal or interest payable on this Stock, or changes in the dates when interest is payable or Stock is redeemable, or change the definition of a ‘reserved matter’; and (2) A ‘non-reserved matter’ modification, involving the modification of less important terms and conditions other than a reserved matter.
(iii) Under the CAC, a modification may be proposed in relation to either a single stock, a so-called single-series modification, or to more than one stock at the same time, a so-called cross series modification.
(iv) Modification of stock in relation to a ‘reserved matter’ shall require the affirmative vote of stockholders of not less than 75% of the aggregate principal amount of the outstanding stock represented at a meeting duly convened, or not less than 66 2/3% of the aggregate principal amount of the outstanding stock in the case of written resolution.
(v) In relation to a ‘non-reserved matter’ modification, the affirmative vote of stockholders of more than 50% of the aggregate principal amount of the outstanding stock represented at a meeting duly convened, or of more than 50% of the aggregate principal amount of the outstanding stock in the case of written resolution, is required.
(vi) In all events, a proposed modification shall require the consent of the Accountant General and, if approved, shall be binding for all stockholders.
(b) Notice of Meetings of Stockholders shall be published by the Accountant General at least 21 days prior to the date of the meeting or, in the case of an adjourned meeting, at least 14 days prior to the date of the adjourned meeting. The notice shall, amongst other matters, (i) specify the date, time and location of the meeting; (ii) set out the agenda and quorum for, and the text of any resolutions proposed to be adopted; and (iii) set out any additional rules adopted by the Accountant General and, if applicable, the conditions under which a cross-series modification will be deemed to have been satisfied if it is approved as to some but not all the affected series of debt securities.
(c) The Chair of any meeting of stockholders will be appointed by the Accountant General; or if such person nominated is not present at the meeting, by the holders of more than 50% of the aggregate principal amount of the Stocks then outstanding represented at the meeting.
(d) The Accountant General shall publish, without undue delay, all notices and other matters required to be published pursuant to Stockholders Meetings and Written Resolutions:
(i) on the Treasury’s website: (www.treasury.gov.mt);
(ii) through the Malta Stock Exchange;
(iii) Malta Government Gazette.
(e) The Collective Action Clauses (CACs), as agreed upon by the Member States of the European Union at its summit held on 24-25 March 2011, and in accordance with Paragraph 3 of Article 12 of the European Stability Mechanism (ESM) Treaty, can be found on the Treasury website (www.treasury.gov.mt) under the section reserved for the Debt Management Directorate.
Note: The above paragraph on the Collective Action Clauses (CACs) contains summarized information taken from the Model Collective Action Clauses (CACs). All potential applicants are solicited to access the detailed CACs which can be found on the Treasury website, and any decision to invest in the Stock/s should be based on consideration of the Prospectus as a whole.
13. RELEVANT LEGISLATION
The Local Loans (Registered Stock and Securities) Ordinance, Cap. 161, and Directive by the Minister for Finance under articles 4 (1) (a) and 6 (1) of the said Ordinance, the Local Loans (Registered Stock) Regulations, 1959.
Note: The value of the investment may go up and/or down during the tenor of the Stock.
No. 137
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 Consuls for Goldsmiths and Silversmiths are based has been fixed for the purposes of article 14 of the said Act as follows:–
DatePure GoldPure Silver
GramsGrams
13.02.2015€35.430€0.513