Following the webinar organised by the Malta Financial Services Authority (the “MFSA” or the “Authority”) on 18 January 2023 – whereby the Authority introduced the proposed amendments to chapters 1, 2, 4, 8, 9 and 10 of the Insurance Distribution Rules to the insurance industry – the MFSA has now (26 January 2023) issued a […]
On 16th December 2022, the European Securities and Markets Authority (“ESMA”), the EU’s securities markets regulator issued new and updated Questions and Answers (“Q&A”) on the Alternative Investment Fund Managers Directive (“AIFMD”), the DLT Pilot Regime and the European crowdfunding service providers for Business Regulation.The Q&A mechanism is a practical convergence tool used to promote […]
A political agreement has been reached at EU Council level on the proposed Anti-Money Laundering Regulation (“AMLR”) and the new 6th Anti-Money Laundering Directive (“AMLD6”), and negotiations with the European Parliament for the eventual agreement and adoption of the final version of these texts, should now commence.Some noteworthy, proposed changes include the following:Persons trading in […]
The Government of Malta affirmed its commitment to the sustainability and growth of the local aviation sector through the launch of Malta’s Civil Aviation Policy 2023-2030 (the “Policy”), which was introduced to stakeholders during the National Aviation Conference 2023, held on 18 January 2023. The Policy focuses on five pillars aimed at providing strategic direction […]
On 5 January, 2023, the Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464) (“CSRD”) entered into force, after having been formally adopted by the European Parliament and Council of the European Union in November, 2022, and published in the Official Journal of the European Union on 16 December, 2022.The CSRD seeks to promote a coherent flow […]
Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector (“DORA”) and Directive (EU) 2022/2556 of the European Parliament and of the Council of 14 December 2022 (the “Amending Directive”), came into force yesterday 16 January 2023 and will become applicable on […]