The European Union Intellectual Property Office (the “EUIPO”) has implemented ‘The Ideas Powered for Business SME Fund’ (the “Fund”), a European Commission initiative, for the year 2022. The first version of the Fund was launched during 2021.
What is the EU ETS? The European Union Emissions Trading System (“EU ETS”) consists of a “cap and trade” system which caters for the trading of emission allowances in an attempt to combat climate change in an efficient and cost-effective manner.
On 7 January 2022, the Malta Financial Services Authority issued a circular informing the banking sector that: (a) it has revised Banking Rules BR/01, BR/12, BR/14, BR/15 and BR/21 (hereinafter referred to collectively as the “Rules”); and (b) it has issued a new Banking Rule BR/24.
Following the announcement by the European Security and Markets Authority (“ESMA”) on the 15th July 2021 that it had published a consultation paper in relation to the review of its guidelines on the delay of disclosure of inside information under the Market Abuse Regulation (Regulation (EU) 596/2014) (“MAR”), in particular in relation to the banking sector (ESMA70-156-3934) (please see our news item on this here), on the 5th January 2022 ESMA issued its final report (ESMA70-159-4966) and amended MAR guidelines.
On 31 December 2021, the FIAU released an intelligence factsheet on the misuse of corporate vehicles registered in Malta, primarily focusing on the concealment of beneficial ownership (BO) . This factsheet comes as part of a series of guidance documents issued by the FIAU, that seek to address the main findings following the FATF’s grey listing of Malta.
Camilleri Preziosi, the respected commercial law firm in Valletta, announced today that it has admitted 3 new partners with effect from 1 January 2022.