As Coco Chanel famously said, “Fashion is not something that exists in dresses only. Fashion is in the sky, in the street; fashion has to do with ideas, the way we live, what is happening.” As the fashion industry grows more competitiv
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As June approaches, the Markets in Crypto Assets Regulation (“MiCA”) implementation date approaches with it. MiCA’s provisions on Asset-Referenced Tokens (“ARTs”) and Electronic Money Tokens (“EMTs”) will come into force by the end o
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In a significant move to fortify the EU’s defence against money laundering and terrorist financing, the Council and Parliament have reached a provisional agreement on key elements of the anti-money laundering package. This development is key
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10 November 2023 – The Circular is addressed to all market participants, particularly entities who enter into derivative contracts, and financial counterparties and non-financial counterparties as defined under EMIR. The Circular draws attention
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25th September 2023 – MFSA Circular on ESMA Publishing the Main Findings from the Common Supervisory Action (CSA) for the year 2022 and the Mystery Shopping Exercise on Information on Costs and Charges Emanating from MiFID II Requirements. Condu
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22nd September 2023 – The FIAU informs subject persons that the Guidance Note in mention has been amended to correctly quote Regulation 11(5) of the Prevention of Money Laundering and Funding of Terrorism Regulations (“PMLFTR”), where re
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The Financial Intelligence Analysis Unit (the “FIAU”) would like to inform subject persons about the following publications that have been issued by Europol: The European Financial and Economic Crime Threat Assessment 2023 titled “The Other
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5th September 2023 – The Malta Financial Services Authority (“MFSA” or the “Authority”) has issued an update to regulation (EU) 2022/2554 and Amending Directive (EU) 2022/2556 (the “Regulation”) on Digital Operational Resilience for
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The European Union (“EU”) has proposed the laying down of a uniform legal framework ‘in particular for the development, marketing and use of artificial intelligence in conformity with EU values’. This is to be known as the Artificial Intel
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On the 27th August 2020, the Financial Intelligence Analysis Unit (“FIAU”) issued a Consultation Document that sets forth a proposal for the implementation of a subsidiary legislation which was drafted following consultations with the Malta Fi
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On the 30th June 2020, the Malta Financial Services Authority (the “MFSA”) issued a circular making reference to its previous circular relating to the regulatory reporting due to the outbreak of COVID-19, where the MFSA had informed its market
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Dr. Omar Zerafa provides an insight into establishing and licensing an online financial trading company in Malta, and how the jurisdiction compares to Cyprus as a hub for online financial trading.
Earlier this week, Dr. Omar Zerafa has been invited to Tel Aviv to be part of a regulatory panel where he spoke about the developments in the Maltese regulatory regime with respect to online financial trading, particularly forex and binary options
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Following the enactment of the Retirement Pensions Act (Chapter 514 of the Laws of Malta) (the “RPA”) which came into force on the 1st January 2015, the MFSA has issued a circular letter to registered persons, schemes or funds which are curren
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The announcement of the Swiss National Bank that it will no longer be enforcing and maintaining the minimum exchange rate for the Swiss Franc against the Euro has resulted in significant volatility in forex markets in relation to the Swiss Franc a
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