The Government of Malta launches proposed amendments to the Central Co-operative Fund regulations

By Rolan
April 15, 2015
Cooperative Matters , Events
Central Cooperative Fund , Cooperatives , Coops reform
0

The Steering Committee responsible for the Co-operatives Legal Reform has launched a consultation document highlighting the main changes that are being proposed by Government to the current Central Co-operative Fund Regulations (S.L. 442.03).

A consultation process for the revamping of the Co-operative Societies Act, Cap. 442 has been officially underway since 2010. Following Malta’s General Elections in 2013, Government commenced a new reform process to revise all Maltese co-operative legislation. It is expected that the consultation on the new Central Co-operative Fund regulations will come into effect in the second quarter of 2015. The co-operative movement is expecting, later on this year, a further consultation document that would address changes to the Co-operative Societies Act, Cap 442.

The Central Co-operative Fund reform covers in the main:
* The Administration of the Fund
* Governance structures
* Utilisation of the Funds.
levitra sales online The hematuria and pyuria are sometimes seen under the microscope, which can last for months. You are advised tadalafil online pharmacy intake of this herbal supplement is developed under the supervision of highly trained and well-educated healthcare professionals using an advanced herbal formula to permanently stop ejaculation while sleeping. Used most effectively cialis lowest prices in conjunction with other forms of hair loss treatment, including LLLT. Improved secretion of testosterone also improves sensation in your genitals and boosts libido naturally. cheapest cialis
The Malta Co-operative Federation in a communication on its website has announced that it shall be receiving comments and proposals on this consultation document by not later than the 4th May 2015.

All co-operative societies registered in Malta contribute 5% of their annual surplus to this Fund. The audited financial statements of the Fund for the year ended 30th September 2013 reported a total contribution of €308,639 from all registered co-operative societies for this period. The Fund earned a further €78,463 from its investments. The net asset value of the Fund as at 30th September 2013 stood at 3.4 million Euros.

[tooltip icon=”yes” color=”dark” tip=”Need help? Contact us on: +35621430100″] [/tooltip] You may share your comments on our Blog on the Central Co-operative Fund consultation document.