On 30 October 2023, the Malta Financial Services Authority (“MFSA”) issued an updated version of its Corporate Governance Manual for Directors of Collective Investment Schemes (the “Manual”), in pursuit of its ultimate strategic goal of strengthening corporate governance, culture, and conduct in the financial services sector.The Manual supplements the MFSA’s Corporate Governance Code (the “Code”) […]
“What is your most valued possession in life?” – was the headline used by a company attempting to advertise its new smartphone on the market, that for some reason, was quick to grab my attention. I naturally stood there thinking to myself, “what is, indeed my most valued possession in life?” and it seems like […]
On Monday evening, Minister of Finance Clyde Caruana presented Malta’s budget to Parliament. Keeping in mind the current turmoil posed by the Russia-Ukraine war as well as the economic pressures being experienced by several EU member states, the Maltese government has maintained a firm priority to counteract ever-increasing inflation rates with the implementation of a […]
On 25th October 2023, the FIAU issued a Consultation Document on the Implementing Procedures – Part II for Collective Investment Schemes (“CISs”) and related investment service providers (“Investment Services Providers”).The Consultation document outlines the FIAU’s expectations and provides binding guidelines on how CISs and Investments Services Providers should satisfy their obligations under the Prevention of […]
On 4th October 2023, the Malta Financial Services Authority (the “MFSA) published a Guidance Note (the “Guidance Note”) on the Fulfilment of Post-Authorisation Requirements (“PARs”) addressed to all company service providers authorised by the MFSA in terms of the Company Service Providers Act (Chapter 529 of the laws of Malta) (“CSPs”).The MFSA has the power […]
On 10 August 2023, the Malta Financial Services Authority (the “MFSA”) issued a communication to officers of entities that will become subject to the EU’s Commission Proposal on the Retail Investment Strategy Package (the “Package”), and which was published by the European Commission on 24 May 2023.The Package forms part of the 2020 Capital Markets […]
Buzzwords. We use them because it feels like we know what we’re saying, and that people will listen to us more intently when we do. While this may not necessarily be the case when we mention AI in conversation (and how it’s inevitably going to take over the world), what we usually mean to refer […]
Camilleri Preziosi has contributed to the Malta chapter in the 13th Edition of The Corporate Immigration Law Review which is part of The Law Reviews series. Our chapter provides an introduction to the immigration framework in Malta. It also covers residence rights, requirements for work permits sponsored by employers, schemes for investors and entrepreneurs as […]
Earlier this week, Sharon Xuereb attended as an invited panel speaker to the AI and Cyber Security breakfast event held by Times of Malta, MDIA and MITA. More information on the event can be found here: Malta urged to reform education system to ensure AI specialised workforce (timesofmalta.com)
The Financial Intelligence Analysis Unit in Malta (the “FIAU”), via its supervisory section, monitors anti-money laundering and combatting the financing of terrorism (“AML/CFT”) compliance by subject persons in Malta. In so doing, it adopts a risk-based supervisory strategy, which entails adapting the frequency, scope and methods of supervision, according to the degree of risk of […]