On the 24th of June 2021, the Malta Financial Services Authority (MFSA) published a revised version of the Notified Alternative Investment Fund Rules, reflecting the amendments of the MFSA NAIF regime. The updated NAIF Rule Book shall be applicable to both current and prospective NAIFs as from the 24th of June 2021. The purpose of […]
Businesses are facing a challenge in their cross border transfers of personal data to non EU countries following the Schrems II judgement. What should business look out for besides implementing Standard Contractual Clauses? Check out the video below and watch this space for more!
In this video we take a closer look at the new developments in the area of GDPR one of which is Brexit and how this is having an impact on cross border transfers of personal data between the EU and UK. Check out the video below and watch this space for more!
On the third anniversary of the introduction of the EU General Data Protection Regulation, Sharon Xuereb, Senior Associate at Camilleri Preziosi discusses the importance of staying compliant. In this particular video, she addresses the top three GDPR related issues that Camilleri Preziosi have been dealing with so far. Check out the video below and watch […]
In response to industry demand, the Merchant Shipping Directorate developed the Passenger Yacht Code (the “PYC”), which came into force on the 25th of May 2021. The PYC seeks to implement a more tailored approach to the regulation of “Passenger Yachts” (as defined therein), which reflects their operational pattern and risk profile, as well as […]
It is that time of the year again. On 25th May 2021 we celebrate the third annual GDPR anniversary. What have we learned so far? Camilleri Preziosi are publishing a series of clips on GDPR compliance in the past three years. Check out the video below and watch this space for more!
On the 7th of May 2020, the European Commission (EC) formally announced its new AML/CFT action plan. The reforms seek to create common standards, common application, and common supervision of EU rules, as it should be in a single market. The six pillars of the AML action plan include; the enforcement of existing rules, a […]
Donald Vella and Nicola Jaccarini have featured in the latest edition of Id-Dritt, a long-established peer reviewed law journal published by GhSL (Ghaqda Studenti tal-Ligi). Launched on the 19th May 2021, edition XXXI consists of two volumes and features an array of articles and commentaries written by Maltese legal practitioners, academics and previous members of […]
On the 30th of April 2021, several amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR), were brought about through L.N. 199 of 2021. The scope of this notice was to address shortcomings in relation to align with EU Directive 2015/849 as well as other amendments relating to new supervisory authorities […]
A few weeks ago, the European Commission published a notice setting out tools and guidance on fighting collusion in public procurement (the “Notice”). Collusion is addressed both in the Treaty on the Functioning of the European Union and the EU’s public procurement framework, with regulation 199(c) of Malta’s Public Procurement Regulations (S.L.601.03, implementing the EU […]