On the 29th April 2021, the Malta Financial Services Authority issued a circular informing financial market participants and financial advisors that on the 21st April 2021, the European Commission adopted a package of measures and initiatives related to the EU Sustainable Finance Agenda (the “Package”). By means of the Package, Europe’s financial sector is strategically […]
A team from Camilleri Preziosi have contributed to volume four of the fourth edition of the Munich Commentary on the Insolvency Code, published by Beck Hart Nomos. Volume four of this extensive publication features 53 country reports on insolvency legislation from across the globe. Donald Vella, Steve Decesare, Francesca Galea Cavallazzi and Nicola Jaccarini provided […]
On 12 April 2021, the Malta Financial Services Authority (“MFSA”) issued a circular to collective investment schemes (locally licensed or notified) the requirement for all collective investment schemes to submit a new fund return (“Annual Fund Return”). The Annual Fund Return aims to capture salient information generally included in such audited financial statements as well […]
On 16 March 2021, Act No. L of 2020 (the “CSP Act”), which amends the Company Service Providers Act, Chapter 529 of the laws of Malta, came into force. The CSP Act has brought about various amendments to the regulatory framework for Company Service Providers (“CSPs”) which will require all persons providing services as a […]
Cognisant of the severe economic impact of the Covid-19 pandemic, the EU has introduced a number of measures aimed at boosting recovery. Interestingly from a capital markets perspective, the EU has recognised the importance of facilitating investments in the real economy and allowing for the rapid recapitalisation of companies. The most recent measure adopted in […]
Cash regulations On the 9th March 2021, the Use of Cash (Restriction) Regulations, 2021 were published by virtue of L.N. 81 of 2021. The aim of these regulations is to limit the use of cash for certain payments and transactions in order to prevent money laundering and other criminal activity within particular economic sectors. Offence […]
As the world transitions to a low-carbon economy, the drive towards scaling up the financing of investments which embrace ESG (environmental, social and governance) principles and result in environmental benefits continues to gain traction. This drive carries with it the need to reallocate capital into sustainable investments, which, in turn, necessitates a diverse supply of […]
We are proud to announce that Sharon Xuereb and Alexia Valenzia, both members of our intellectual property, data protection and IT team, have been nominated to sit on the Malta IT Law Association’s Executive Committee for 2021. Sharon is a senior associate within the firm and her main areas of practice are media and communications […]
With less than one month to go to the implementation of the EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) (“SFDR”), published in the Official Journal of the EU on 9 December 2019 as part of the EU Commission’s sustainable finance action plan, firms falling within its scope must now take the necessary steps to […]
On the 3rd of December 2020, Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law (also known as the ”6AMLD”) came into force. The directive aims to enable financial institutions and authorities to do even more in their fight against money laundering […]