Minimum Holding 01' Sp«ifkd ADeU 0nIer, 1993

."3

I •• N. 62 of

HAN KINGACT

(CAP.21S)

Minimum Holding 01' Sp«ifkd ADeU 0nIer, 1993

IN exercise orlhe powers confe rred by subsection (4) ofM:ction 13

of tile Banki ng Act, the Minister of Finance. aflerconsullalion wilh the

Ccntral Bank of Malia, hilS made the following order:-

I. <I) This orde r may be ciled as the Minim um Holding of

Specified Aucts OrdCr, 1993.

(2) This order shall come iolO fora: three mont hs aft er the

dale of publication thereof.

Subsection (J) of $«tion 13 of the Banking Act shall be

Is-subanikolu (3) ta']·anikolu Il ta' I·AII dwar il· Kummcr~

Bankarju ghandu jigi cmendat kif &cj:-

<I> m-parlgratu (i) !itgllu, minnok il- kliem "tmicn

ja ppr(lVa." ghandhom jidhlu l·t Hem "!mien japprova;"; u

(b) minnufih wara I-parag.afu <il ticghu, gbaodu jidhol dan

iI·paNlgrafu gdid li gel:-

"0) d~wk iHilot; ne@.o1.jallhli. ti jiskad u rperijodu I ~'

Ilames sni n. mal'lruta jew ga ranl;li minn iSli lu12jonijiel

inlernaujonali jew minn iSliluzzjonijiel ufrltjaJi bamlnin lew

minn xi isli luujon ijicl nl'l r. mcqju!i.ll la ' liven ghnl .. fi nus li

IlU,:"D lilxramc.nl k.onvenibbLi. kif iH Jan k CentraLi jisl .. · minn

t nllen ghaJ trlllen J.ilpprova : b'dan ilLi gt'lalJ-fi nil iclla' dan is-

... h~rall.afu. lilOLi ""g,,~jahNi hu ma dawk iHiwLi Li lIu"' ~

n"gozjali fis-owieq fi nanzjarji inlCma12jonaLi u I; lIuma

magllruf. mill· Bank Cenl rali gl'lal dan il·gllan ....

amended as follows:-

(a) in paragraph (i) thereof. for lhe wo rds " lime 10 lime

approve ." there shall be substituted the words "'ime \0 lime

a~ :":and

immediately after paragraph (i) thereof there shllil be

(b)

inserted the following new paragraph:-

"(j) such negotiable se<;U rilies. maturinll within a period

of five years, i$$...ed or guaranteed by in!ern.a!ional institutions

or by foreign official institu tions or by olMr fir$! class

ins! i!U!iuns. in currencies which are freely ronV1:nible. as t he.-

Ce nt ra: Bank may from lime 10 li me approve: 5OooweVerthal.

for the purposes of this subparagraph. negotiable secu ri ties

are such secu rities as are negotia ted in in!ernmional financial

markel$ and which are recognited bylhe Cen! ral BaRk forth's

purpose. ".