Practices

September 3, 2020

The Effect of Brexit on Information Society Services

On the 2nd September 2020, the Malta Financial Services Authority (“MFSA”) issued a Circular outlining the effect of Brexit on the applicability of Directive 2000/31/EC (the “Directive”) which covers a broad range of online activities. The Read more

September 1, 2020

FATF Recommendation 16 in the context of Virtual Financial Assets

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 Read more

August 28, 2020

Additions to the Collective Investment Schemes Rules

On the 25th August 2020, the Malta Financial Services Authority (“MFSA”) issued a circular on the updates made to the Investment Services Rules (the “Rules”) applicable to Collective Investment Schemes. The Rules have been updated by addin Read more

August 26, 2020

The EU’s transition towards Sustainable Finance

On the 11th August 2020, the Malta Financial Services Authority (the “MFSA”) issued a circular on the initiatives undertaken by the EU on sustainable finance while also providing an outline of the legislative instruments that will come into fo Read more

July 28, 2020

Understanding the role of the Money Laundering Reporting Officer

The Malta Financial Services Authority (“MFSA”) has issued a Guidance Paper on the 21st July 2020, providing information on the role and duties of the Money Laundering Reporting Officer (“MLRO”). The MFSA explains that all subject persons, Read more

July 22, 2020

ESMA Guidelines on the Disclosure Requirements for Prospectus Documents

On the 15th July 2020, the European Securities and Markets Authority (“ESMA”) has issued the final version of its Guidelines on the disclosure requirements imposed upon relevant entities under the Prospectus Regulation (“Guidelines”). Thes Read more

July 17, 2020

The growing threat of Funding of Terrorism – FIAU issues Guidance Document on the Funding of Terrorism

On the 17th July 2020, the Financial Intelligence Analysis Unit (“FIAU”) issued a Guidance Document on Funding of Terrorism (“FT”) which supplements and integrates the 2018 ‘Guidance Note on Funding of Terrorism – Red Flags and Suspici Read more

July 17, 2020

Record keeping obligations imposed on licence holders

By means of a notice issued by the Malta Financial Services Authority (the “MFSA”) on the 15th July 2020, the MFSA reminded all licence holders of their obligations in relation to record keeping. In order to ensure consumer protection, complia Read more

July 14, 2020

General meetings of public companies – Extension of applicable time periods and holding of remote meetings

On the 10th July 2020, the Malta Business Registry (the “MBR”) issued a notice in relation to the Companies Act (Public Companies – Annual General Meetings Regulations) 2020 (the “Regulations”), which Regulations address the requirements Read more

July 10, 2020

The digital transformation of the financial sector – ESMA issues its feedback to the EC’s consultation document

On the 29th June 2020, the European Securities and Markets Authority (“ESMA”) published its reply to the Commission’s consultation on a Digital Finance Strategy for Europe. The transformation of the financial sector taking a digitised form a Read more

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