On 10 November 2020 the Malta Financial Services Authority (the “MFSA”) published a revised version of the Standard Licence Conditions applicable to Collective Investment Schemes authorised to invest through loans (the “Loan Fund Rules”).
In November 2020, the European Securities and Markets Authority (“ESMA”) conducted a series of updates to its Q&A documents, issuing updated versions of its Q&A on the Prospectus Regulation (Regulation (EU) 2017/1129) and its Q&A on the Transparency Directive (2004/109/EC) on the 9th November 2020.
On 19 October 2020 the Malta Budget for the year 2021 was presented to the Parliament of Malta. The measures introduced are principally geared at softening the blow of the COVID-19 pandemic which yet stifles the global economy.
Although no major changes to Malta’s tax regime have been proposed in the Budget Speech 2021, a number of measures are being implemented which are geared at softening the blow of the pandemic which yet stifles the global economy.
Recent Guidelines issued by the EDPB hold that merely restating the provisions of Art. 28 GDPR within a Data Processing Agreement (“DPA”) will no longer suffice insofar as compliance with the GDPR is concerned. Rather, a DPA must also include detailed information as to the security measures adopted, as well as providing for a regular review of such measures.
A newly announced legal notice will allow those in possession of a temporary emphyteusis on a commercial premises expiring after the 31st of August, to renew their concession for an extended term.