Government Notices published in Govt. Gazette No. 19,395 of 20 March 2015

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, 19th March, 2015, during the absence from Malta of the Hon. Joseph Muscat, KUOM, BCom, BA (Hons), MA (European Studies), PhD (Bristol), MP.

Appointment of Arbiter on the Consumer Claims Tribunal

In exercise of the powers conferred by Sub-Article 2 of Article 17 of the Consumer Affairs Act the Prime Minister has approved the appointment of Dr Gabrielle Buttigieg as arbiter on the Consumer Claims Tribunal.

This position will be retained till 2nd October 2017.

Vessel Traffic Monitoring and Reporting Requirements Regulations

Maritime Safety and Pollution Prevention Committee 

It is notified for general information that, in exercise of the powers conferred by Regulation 20 of the Vessel Traffic Monitoring and Reporting Requirements Regulations (S.L. 499.34), the Minister for Transport and Infrastructure has made the following re-appointments as members of the Maritime Safety and Pollution Prevention Committee:  

Chairman

Mr. Joseph M. Callus BSc, (Hons), MSc, MBA (Exec)

Permanent Secretary, Ministry for Transport and Infrastructure

Members

Mr James Piscopo, FCCA, MIA, CPA

Chairman and CEO, Transport Malta

Mr John k/a Johann Buttigieg (B.Plan.)

CEO, Malta Environment and Planning Authority

Mr Micheal Cassar

Commissioner of Police

Brigadier Jeffrey Curmi

Commander AFM

Mr John Rizzo

Director, Civil Protection Department

Lieutenant Commander Roger Baldacchino AFRIN, RN

Secretary

Mr. Kurt Vella LLB (Melit)

These appointments shall apply with effect from the 22nd October 2014, for a period of 3 years.

THE Permanent Secretary in the Ministry for the Economy, Investment and Small Business has approved the following acting appointment:

NAMEPOSITIONDEPARTMENTDATE

Mr Brian MontebelloDirector GeneralCommerce22 - 27.03.2015

...............

Heritage Malta Board

Amendment

It is hereby notified that, Mr Tony Preca is to substitute Dr Philip Agius as member ofHeritage Malta Board.This appointment is valid up till 14th May,2016.

MaltaTreasuryBills

ThisGeneralOfferingMemorandumhasbeenissued by theMalta Treasury Department for thepurpose of givinginformationwithregardtotheissue ofMalta TreasuryBillsissuedbytheMaltaGovernmentinterms of theMaltaTreasuryBillsAct,1952(Cap.133)andthe MaltaTreasuryBillsRegulations,2007. This General OfferingMemorandumshouldbereadin conjunction with theMaltaTreasuryBillsAct,1952,theMaltaTreasury BillsRegulations,2007,thebye-lawsrelatingto Malta TreasuryBillsthatmaybeissuedfromtimetotime bythe recognisedinvestmentexchangewhere Treasury Bills are listedandtraded(currentlytheMaltaStockExchange), andtheInformationMemorandumonMarket Conventions forDematerialisedMalta Treasury Bills published by the Central BankofMalta.

This General prospectus for the issue of Treasury Bills is applicable and shall govern the issue of Treasury Bills with effect from 1st April 2015 onwards. There shall be a six month transition period which commences on 1st April 2015 and ends on 30th September 2015 (both days inclusive).

Treasury Bills issued prior to 1st April 2015 shall continue to be governed by the General prospectus issued under Government Notice 285 and published in the Government Gazette of the 27th March 2007.

1. Nature ofMalta TreasuryBills

Treasurybills donot havea nominalinterest rate. They arezerocouponsecuritiesissued at a discount and redeemedatparonthedateofmaturity. Theinterestis representedby the difference between the nominal value andtheconsiderationpaidondate ofissue.

2.TreasuryBill StandardAuctions

Standardauctions ofMaltaTreasurybills are normally heldonaweeklybasis.Unlessotherwiseannouncedby theAccountant General,theauction is held every Tuesday.

During the transition period when the auction date falls on a non-business day, the auction takes place on the preceding 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 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).

After the transition period, when the auction date or the settlement date or any day in between the auction date and the settlement date falls on a non-business day, theauctiontakesplaceonthe first business day of the same week.

3.Indicative Issuance Calendar

Anindicativeissuancecalendarforstandardauctions ofTreasurybillsispublishedby the Accountant General in theGovernment Gazette on a monthly basis. This indicativecalendarshowstheauction date, the issue date, thetenorand the maturity date of each Treasury bill issue scheduledfortherespectivemonth.Suchpublicationof theindicativeissuancecalendarshallbeconstrued as a public invitationforthesubmissionofapplications for Treasury bills bythe due date ofthe auction.

TheAccountantGeneral reservestheright toalterthe tenoror other terms of the issue inthe event of significant changesinmarketconditions,providedthat noticeinthe GovernmentGazettewillbegiven not less thanthree businessdayspriortothefinal date forsubmissionofbids.

4. Issue Date

The issue date of Treasury bills during the transition period allotted under standard auctions is Friday. Whentheissue datefalls on a non-business day, theissuetakesplaceontheprecedingbusiness day.

From 1st October 2015 onwards, after the end of the transition period the issue date of Treasury bills allocated under standard auctions is Thursday (T+2). When the auction date, or the settlement date or any day in between the auction date and the settlement date falls on a non-business day, theissue date shall be on the second business day following the auction date (T+2).

5. TreasuryBill Tenors

(a) Treasury bill issues have a maturity of upto one year. The focuswill be onthethree-month(91 days) tenor whichconstitutesthe moneymarket benchmark. In additionTreasurybillswill beissuedwitha tenor of one month(28days),sixmonths(182days),ninemonths (273 days)andoneyear(364days).

(b) The tenors of Treasury bills issued during the transition period which fall due for redemption after the end of the transition period, that is 30th September 2015 will be shortened by one day such that their maturity date will fall due on Thursday. The tenors being auctioned in the standard auctions will be published in advance in the monthly indicativeissuancecalendar in accordance with section (3) above.

6. Listing and Trading on theMalta Stock Exchange

PursuanttotheFinancialMarketsAct (Cap.345)the AccountantGeneral hasmadeanapplicationtotheListing AuthorityforTreasurybill issues to be listedand has also made an application to the Malta Stock Exchange for such Treasurybillissuestobeadmittedtotrading onthe Malta StockExchange.

7.Applications inthe PrimaryMarket

OffersofTreasurybillsin the primary marketunder standardauctionsareopentothegeneralpublicaswell as corporateandnon-corporateentitiesirrespectiveof the residencyoftheapplicant.

8. Form ofApplications inthe PrimaryMarket

ApplicationsforTreasurybills inthe primarymarket shallbeinthe form of bids which are tobe made on the prescribedformsavailableattheTreasury. The applications are to be sent to the Treasury by fax on the fax number as indicated on the application form or by e-mail at the e-mail addresses indicated on the application form or deposited at the Treasury Tender Box. Such bidsmaybemadedirectlytotheTreasuryor through financial intermediariesauthorisedto provide investment services bythe Malta Financial Services Authority or bya foreigncompetentauthority.

9. Minimum Bid Size

Theminimum bid size for applications in the Treasury billprimary market under standardauctionsis €250,000 for 28-day bills and€50,000 for all other maturities. Bids above this minimum must be inmultiplesof €1,000.TheAccountantGeneralreservestherightto altertheminimumbid size.

10. Mode of Bidding

Each bid must state the amount applied for and the bid yield.Onlybidswitha definite yield will be considered. Thebid yield must be expressed inpercent terms tothree decimalplaces. Anybidyield inexcesstothreedecimal placeswillbe rounded to threedecimalplaces.

Applicantsmaysubmit bids at different yields but such bidsatdifferentyieldsmust bemadeonseperate applicationforms.

11. Auction Closing Time

Thedeadlinefor submission of bids in the primary marketforstandardauctionsis10.00 a.m. (CET) of the prescribed tenderdate, normally Tuesday of the auction week or such other day as maybe announcedby theAccountant General.SuchbidsmustreachtheTreasury by the prescribedtime by fax or by e-mail on the fax number and at the e-mail addresses indicated on the application form or deposited at the Treasury Tender Box.

12. Irrevocabilityof Bids

All applications will be irrevocable after closingtime.

13. Allotment of Accepted Bids

Bidsacceptedateachmaturitywillbeallotted in ascending order of yield, fromthelowest yield to thehighest acceptedyield.Acceptedbidswill beallottedatthe yield at whichtheyare offered.For each maturity of bills on offer, bids which are atayieldbelowthehighestacceptedyield(i.e.the cut-offyield)willbe allottedinfull.Bidswhichareequalto thehighestacceptedyieldmaybe allottedinfullorinpart. Inthecaseofallotmentin part, a proratapercentwill be calculatedastheamountofbillsavailableforallotmentat thehighestacceptedyielddividedbythetotalamountof billsappliedforatthatyield.The proratapercent will be appliedtoeachbidatthe highest accepted yield for the relevantmaturityandtheresultroundeddowninallplaces tothenearest€1,000.Thebidder shall accept any portion ofthesumforwhichhehastenderedatthesameyieldas thatforthewholeamounthehastenderedfor.

Theamountpayableinrespectofbillsallottedwill be determinedbyusingthefollowingformula:

Considerationpayable=NominalAmountof Bills allottedforeachyield

Theresultantconsiderationshallbe rounded to two decimal places, i.e tothe nearest cent.

TheAccountantGeneralreservestheright torejectany orpart ofanybidof the auction for any reason and without givingthereasonforrejection.

14. Notification ofAuctionResult

Thepersonswhosetendersareaccepted or rejected understandardauctionswillbeinformedon the same day on which the auction is held.

15. PrimaryMarket Settlement

Settlementoftheamountallotted to each successful bidderunderstandardauctionsshall be effected on such termsasmaybeannouncedfromtimetotime by the Accountant General.Thevaluedateshall be the issue date ofthe Treasury bill.

Settlementistobeeffectedbybanktransfer,normally SWIFT,tothecreditofthePublicAccountheldat theCentral Bankof Malta as indicated in the Letter of Acceptance.Acopyoftherelativebank transfer is to be furnishedtotheTreasurybefore10.00a.m. (CET) onthedate on whichtherelativebills are dated.The deadline for settlementofacceptedbids under the standard auctions is10.00 a.m. (CET) onthedateof issue ofthe bills as indicated hereunder:

a) Friday for T-Bills issued during the transition period or the previous business day in the event that the settlement date falls on a non-business day; and

b) on the second business day following the auction date (T+2) for T-Bills issued on or after 1st October 2015.

16. Special Tenders

TheAccountantGeneralreservestheright that if circumstancessowarrant aninvitationwill beissuedto selectedinstitutionalinvestorstoparticipate inspecial tenders.Bidsforsuchspecial tenders have to be submitted onthe same daywithinthe prescribedtime determined by the Accountant General intheinvitation to tender document. Accepted bidsin such special tenders must be settled withintheprescribedtimeonthesamedayoftheauction orsuchotherdayasmaybe specified in the invitation to tender.

17. Payment of Interest (Discount)

Thepayment of interest (that is, the discount from the nominalvalue)iseffectedon the redemption of the Treasurybill.Thedaycountconventionforthepurpose of computing the Treasury bill yieldrate is based on the actualnumberofdaysinvolveddividedby360days(that is,Actual/360).

18. Redemption

Treasurybillsare redeemed at par upon maturity. The nominal value of redeemedTreasury bills shall be payable totheregisteredholderas appearing in the Central SecuritiesDepositoryoperatedbythe Malta Stock Exchangetothepersonwhosenameappearsfirst onthe CentralSecuritiesDepository. Paymentwill be made by direct credit at the bank account nominated ontheapplicationform(in the case of primary marketacquisitions)or the purchase form (in the case of secondarymarketacquisitions).

During the transition period, incase where thematuritydate ofthe Treasury bill falls ona non-business day thebillwillbe redeemed on the preceding business day.

After the transition period, the maturity date of the Treasury bills shall be the second business day following the auction date (T+2) occurring in that week which the T-Bill falls due for redemption.

Inthe eventofa closureofthemarket on the redemptiondateduetounforeseencircumstances(suchas abreakdownofthe clearingandsettlement system ofthe recognised investment exchange where Treasury bills are listed),paymentwillbeeffectedonthe following business daywhenthemarket reopens.Insuch acase,theregistered Treasurybill holderwill be dulycompensated bythe Treasuryatthe“useoffunds’rate”(equivalent totheyield rate ofthe maturingTreasury bill).

19.Buy-back Arrangements

At hisdiscretion,theAccountant General reservesthe righttoredeem Treasury bills ona date prior tomaturity throughbuy-backarrangementsthatmaybenegotiatedon a voluntary basis between the Treasury and the respective Treasury bill holders.

TheAccountantGeneralreservestheright todetermine whethersuchbuy-backarrangementsaretobeofferedto allTreasurybillholders through a public announcement or selectively ona bilateral basis.

20.Charge on Government Revenue and Assets

ProceedsofTreasurybillsshallbechargedonand paidout oftheTreasuryClearanceFundand interest thereonshall bepaidout oftheConsolidatedFund.

Notice of Issuance Calendar

The following calendar shows the tenor of individual weekly issues of Treasury bills for the month of April 2015 and is published by the Accountant General in terms of regulation 5 of the Malta Treasury Bills (Dematerialisation) Regulations, 2007 of Legal Notice No. 59 of 2007:

Notice in terms of Article 61 (1)

In terms of the proviso to article 61 (1) of the Duty on Documents and Transfer Act, the Commissioner of Inland Revenue hereby notifies the person listed hereunder to call at the Capital Transfer Duty Department, 46,Triq il-Merkanti,Valletta, to collect the notice made on such person.

Appointment of Notary Delegate/Keeper

IT is hereby notified that in exercise of the powers conferred by Article 20 of the Notarial Profession and Notarial Archives Act, the Court of Revision of Notarial Acts has appointed Notary Dr Pierre Attard to be Notary delegate and keeper of the Acts for Notary Dr Michael Joseph Galea, for the period between the 16th March, 2015, and the 22nd March, 2015.

Today, 12th March, 2015

JANET CALLEJA

For the Registrar Court of Revision of Notarial Acts

Official list of Review Officers appointed by the Notarial Council, to whom all acts Inter Vivos published during the year 2014 by warranted Notaries exercising their profession in Malta and Gozo have to be presented for inspection between April and September 2015 in terms of Article 94A of the Notarial Profession and Notarial Archives Act (Cap. 55), at the undermentioned addresses of the Reviewers.

Reviewers’ Addresses:

Dr Richard Vella Laurenti:

69, Triq Nicolò Isouard, Sliema, SLM 2084. Tel: 2133 1586/9942 0164. 

Dr Paul Borg

Offices 195B, Triq Ponsonby, Il-Mosta. Tel: 9988 9590

Dr Josette Sultana:

126, Triq Atocia, Ħamrun, Email: (jsul@onvol.net).

Dr Louis Vella:

20, Triq il-Pellikan, San Ġwann, Tel: 2138 9945/9945 0955.

Holders of a Warrant of Registered Psychologists

The Malta Psychology Profession Board, in accordance with Article 5(2) of the Psychology Profession Act, is hereby publishing the following list of persons who, on the 31st December 2014, were registered in the official register ofPsychologists in accordance with the said Act:

Academic and Clinical Psychology

Clinical Psychology

Academic and Counselling Psychology

Counselling Psychology

Academic and Educational Psychology

Educational Psychology

Academic and Social Psychology

Social Psychology

Forensic Psychology

Health Psychology

Academic, Research and Health Psychologist

Sports Psychology

Academic Psychology

Research Psychology

Occupational Psychology

Child and Adolescent Psychology

Supervisors

Registered Partnerships

Maia Psychology Centre

The Commissioner of Police, in terms of sections 7 and 8 of the Private Guards and Local Wardens Act, 1996 hereby notifies that the following applications as mentioned hereunder have been received:

Application for licence of a Private Guard

Any person may, within one month from the publication of this notice, object in writing to the Commissioner about the issue of the above licences on any of the grounds listed in section 10 ofthe Private Guards and Local Wardens Act, 1996, which are:

(a) where the applicant or any officer of the applicant or any person who has an effective control of the services to be provided by the applicant -

(i) has been convicted in Malta or elsewhere of any crimeagainst the safety of the state,or of any crime of voluntaryharm or injury to any person or any crime against property or public trust or any other seriouscrime; or

(ii) has been declared bankrupt or his financial positionis precarious or otherwiserenders the applicantunsuitable; or

(iii) has been discharged from the police or armed forces or the prison services because of any offence or other misbehaviour; or

(iv) is a public officer or a member of the police or Armed Forces or the prison services; or

(b) when information is available which is in the public interest; or

(c) where the applicant does not possess the necessary qualifications as may be prescribed by or under the Act.