Directive 2019/1152 on transparent and predictable working conditions (the “Directive”) was transposed into Maltese law on the 21 October 2022, pursuant to Transparent and Predictable Working Conditions Regulations (the “Regulations”).The purpose of the Directive is to provide additional protection and certainty to employees, through adequate information and protect workers in precarious jobs.Commissioner for Jobs and […]
New measures in pay transparency are being proposed at EU level which will come into force through a new Directive that is expected to be formally adopted at EU level shortly, and set to be transposed within 3 years. The Directive lays down the minimum requirements to strengthen the application (and enforcement) of the principle […]
As previously reported, on 7 December 2022, the European Commission published the Listing Act package as part of the EU’s overarching efforts to further develop the Capital Markets Union. The Listing Act package aims at alleviating some of the regulatory burden inherent in listing, especially in so far as small and medium enterprises (‘SMEs’) are […]
Overview On the 3rd of February 2023, the financial incentives administered by Malta Enterprise stipulated in the Start-up Finance Regulations (S.L 463.32) and the Smart and Sustainable Investment Grant Regulations (S.L 463.45) available to eligible beneficiaries have been respectively revised by the Start-up Finance (Amendment) Regulations, 2023 (“L.N. 19 of 2023”) and the Smart and […]
The Court of Appeal (the “Court”) has recently confirmed the Public Contracts Review Board’s (the Board”) decision to dismiss an application challenging a tender’s mandatory requirement on the basis that the requirement was not challenged through a remedy before the closing date for receipt of bids. [1]The appellant in this case was arguing that a […]
On 7 December 2022, the European Commission published a package of measures known as the Listing Act, with the overall objective of making capital markets more attractive by facilitating access to capital for small and medium-sized companies (SMEs).The Listing Act package forms part of the EU’s overarching efforts to further develop the Capital Markets Union. […]
Following the entry into force of the Corporate Sustainability Reporting Directive (Directive (EU) 2022/2464) (“CSRD”) on the 5th January 2023 (an overview of which may be found in our previous article which may be accessed here: https://camilleripreziosi.com/news/new-corporate-sustainability-rules-for-large-and-listed-companies-enter-into-force-3/ ) attention now turns to the adoption of the first set of EU Sustainability Reporting Standards (“ESRS”) being […]
Tomorrow, the 31st of January 2023, is the deadline for the transposition by Member States of the EU’s Mobility Directive setting out changes to the current rules regulating cross-border mergers of limited liability companies and introducing rules for cross-border conversions and divisions – with these cross-border conversions, mergers and divisions being collectively referred to in […]
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 […]