On 22 October 2018 the Budget for the Malta Budget 2019 was presented to the Parliament of Malta.
The UK court’s considerations in National Crime Agency v Mrs A (Rev 1) [2018] EWHC 2534 around the definition of PEPs in the context of UWOs provide much needed clarity on a grey area which has till now remained open to interpretation.
The Parliamentary Secretariat for Social Accommodation has issued a White Paper with various proposals aimed at reforming the Private Rent Sector (“PRS”) through the introduction of a new regulatory framework focusing on increasing security, transparency and predictability of the market in the longer term.
With the entry into force of the Virtual Financial Assets Act (Cap. 590 of the laws of Malta, the ‘VFA Act’) officially set for the 1st of November 2018, market participants can look forward with optimism to greater regulatory certainty.
Last month marked the close of the public consultation for the Bill issued by the Ministry for Justice, Culture and Local Government proposing extensive amendments to the Competition Act (the “Act”), amongst other legislation, in a reaction to a 2016 judgment of the Constitutional Court in the case Federation Of Estate Agents Vs Direttur Generali (Kompetizzjoni) et.