CACs – Common Terms of Reference
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CACs – Common Terms of Reference

In accordance with paragraph 3 of Article 12 of the modified version of The Treaty establishing the European Stability Mechanism (ESM) - endorsed on 2nd February 2012 by all 17 euro area Member States – it has become mandatory on such Member States to include the Model Collective Action Clauses (CACs) in all new euro area government securities with maturity above one year issued on or after 1st January 2013.

The full terms and conditions of CACs both in English and Maltese language can be accessed by clicking on the relevant PDF files hereunder.
Contact Name
Treasury Department
Development House
Level 2 and 3
St. Anne Street
Floriana FRN9010
(+356) 2596 7100
(+356) 2596 7157
(+356) 2596 7179
(+356) 2596 7203