The MFSA is proposing the introduction of a framework for Collective Investment Scheme (‘CISs’) structured as Limited Partnerships (‘LPs’) without separate legal personality into Maltese law, referred to as the Limited Partnership Funds (‘LPF’) framework, and has commenced a consultation process in this respect. The framework will be governed by a new regulation issued under the Investment...
The Malta Financial Services Authority (‘MFSA’) has initiated a survey to evaluate stakeholders’ experiences and perspectives regarding the disclosure and reporting obligations stemming from the European Union Sustainability Disclosures and Reporting framework. This survey encompasses various legislative documents, including the EU Taxonomy Regulation, Sustainable Finance Disclosure Regulation, Non-Financial Reporting Directive, Corporate Sustainability Reporting Directive, EU...
The Malta Financial Services Authority (‘MFSA’) issued a circular explaining the various amendments made to the Investment Services Rulebooks. In tandem with these amendments new rules have also been incorporated, most notably in relation to Subordinated Loan Agreements (‘SLAs’) falling under MiFID Part BI. This comes as a result of the requirement for license holders...
The Malta Financial Services Authority (“MFSA”) recently announced some changes to the Rulebook for Company Service Providers (the “Rulebook”), which came into effect on 23rd January 2024. These modifications are primarily concerned with the regulatory submission process for licensed Company Service Providers (“CSPs”). Notably, these changes will have implications for submissions due in 2024 and...
These regulations provide eligible insurance entities to apply an alternative accounting framework to the International Financial Reporting Standards adopted at EU level. MFSA have issued a circular in this regard – https://www.mfsa.mt/publication/circular-on-the-newly-published-accountancy-profession-general-accounting-principles-in-respect-of-certain-eligible-entities-regulations-2023-legal-notice-299-of-2023-gapee/
With effect from 1 March 2023, the MFSA’s financial institutions’ authorisation and supervision teams, which previously fell within the remit of the banking supervision function, have been integrated into FinTech Supervision. As more and more innovative technologies continue to be introduced and adopted in the financial institutions sector, this strategic decision seeks to ensure that...
The Office of the Prime Minister has launched a public consultation on strengthening the Malta Financial Services Authority (MFSA), the single regulator for financial services in Malta. The consultation period runs from 7 August up until 15 of September. The published consultation document focuses on reviewing the current state of the financial sector with particular emphasis on...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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