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ROLE OF THE OFFICE

Appointment and functions

 

The appointment of the Regulator (Individual Investor Programme) and the functions of his Office are regulated by the provisions of Article 25 of the Maltese Citizenship Act (Cap 188)​.  Indeed such person shall be appointed by the Prime Minister after consulting the Leader of the Opposition.  The main requisites for such person are that he/she would have held the office of Judge, Magistrate, Attorney General or Permanent Secretary or who would have practised as an advocate in Malta for a period of at least twelve years.  It is also stipulated that in any interim period during which a Regulator is not appointed, the Ombudsman (appointed under the Ombudsman Act) shall act ex Officio as Regulator.

The Regulator shall hold office in accordance with the terms of his appointment.  In addition to his functions under this Act (and such other functions as may be assigned to him under any law), the Regulator shall keep under review all aspects of the individual investor programme.  In particular, as provided by Article 25A of the Citizenship Act. he is empowered to investigate complaints made about the Individual Investor Programme.  

Furthermore the Prime Minister may, by regulations, assign to the Regulator any other function related to citizenship.

 

 

 

Autonomy and Powers

 

 

Article 25(5) of the Citizenship Act specifies that, in the discharge of his functions under the Act, the Regulator shall act in his individual judgement and shall not be subject to the direction or control of any other person or authority.  It shall also be the duty of any person involved in the administration of the individual investor programme (or of any other matter in relation to which the Regulator is assigned functions) to disclose or give to the Regulator such documents or information as he may require for the purpose of enabling him to discharge his functions.

 

 

 
 

Reporting

 

 

The Regulator may, at any time, report to the Minister on any matter relating to the discharge of his functions under the Citizenship Act.  In particular the Regulator shall make an annual report on the discharge of his functions to the Minister.  Such report shall not include personal data relating to individuals who have acquired Maltese Citizenship under the individual investor programme.  The Minister shall lay a copy of each annual report as soon as possible after the report is made to him.

 
 

The Regulator shall be required (if so requested) to attend meetings of the Monitoring Committee (set up as per provisions of Article 25B of the Citizenship Act) and to report to it on matters related to the individual investor programme.  The Committee (which shall regulate its own procedures) consists of the Prime Minister, the Minister responsible for matters relating to Maltese Citizenship and the Leader of the Opposition.  The meetings, to be held at least once a year, are presided over by the Prime Minister.

 

 

 
 
 

Appointed Regulators

 
  • Dr Godwin Grima (April 2014 - January 2016)
  • Mr Carmel De Gabriele (February 2016 -       )


 CONTACT INFORMATION:

 Contact Name 
The Office of the Regulator, Individual Investor Programme
2nd Floor, Evans Building,
Merchants Street,
Valletta

 Telephone
+356 25689381​

 Email oriip.mhse@gov.mt​​
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