Following the publication of Legal Notice 231 of 2023 last October, a reduced VAT rate of 12% became applicable in relation to the hiring of pleasure yachts, effective 1 January 2024. The Malta Tax and Customs Administration (MTCA) has recently issued comprehensive guidelines in this regard in order for stakeholders to better understand the implementation...
European Securities and Markets Authority (‘ESMA’) issued a warning for people posting investment recommendations on social media in an effort to raise awareness of the requirements established by MAR which apply when posting investment recommendations on social media and to also warn about the risks of market manipulation in such publications. All market participants are...
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...
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/
The MFSA has recently issued a circular in relation to the use of electronic signatures, stating that it will accept electronically signed documents, as long as they are signed with a qualified electronic signature as defined and regulated under Regulation (EU) No 910/2014 of the European Parliament and of the Council of 23 July 2014...
David Zahra, founder of David Zahra & Associates Advocates, has authored the Malta chapter of Mergers and Acquisitions 2018 published by Global Legal Group, London. Mergers & Acquisitions 2018 covers key topics including regulatory fields, M&A markets, significant transactions and industry sectors, developments, and the year ahead in 31 jurisdictions. Dowload PDF here.
David Zahra & Associates has recently collaborated with the Italy representative office of Bank of Valletta in drafting a concise review of the Maltese Blockchain Framework from the perspective of an ICO Issuer. The review has been distributed as part of BOV’s Italian newsletter for the month of October 2018, entitled “Malta e La Regolamentazione delle ICO”....
The blockchain revolution continues to gain more traction within the Malta thanks to the imminent enactment of Malta’s unprecedented legal framework for blockchain and distributed ledger technologies. David Zahra & Associates Advocates, as early enthusiasts of DLT technology and cryptocurrencies, have observed with great interest as the technology has developed beyond its roots as an...
The Malta Financial Services Authority (“MFSA”) recently launched a consultation process on the proposed regulation of collective investment schemes incorporated with the key objective of investing in Virtual Currencies (“VCs”). This consultation process is symbolic of the Maltese government’s consistent efforts to become a pioneer in the state-wide implementation of blockchain and the more commonly...
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Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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