The European Commission has adopted a new framework setting out guidance on State aid to foster support measures in sectors which can significantly contribute to the net-zero economy transition – a framework which Executive Vice-President Vestager described as giving Member States “the option to give State aid in a fast, clear and predictable way.” […]
The global shift towards sustainability has highlighted the importance of adhering to ESG obligations, not only for the purposes of solving the evident and imminent climate issues but to increase profitability and remain competitive in the market in which companies operate by taking advantage of the new business opportunities that this presents.With sustainability on the […]
Two major changes with regard to crossings of the external borders of Schengen States by third-country nationals (‘TCNs’), namely the Entry/Exit System (‘EES’) and the European Travel Information and Authorisation System (‘ETIAS’), are expected to become operational by 2024.[1] These changes shall complement the Schengen acquis for external border checks and short-stay visas, by:monitoring and […]
The Financial Intelligence Analysis Unit (“FIAU”) has announced that the 2023 Risk Evaluation Questionnaire (“REQ”) is now available for completion only through the Compliance and Supervision Platform for Assessing Risk (“CASPAR”) portal. Subject persons who are not yet registered on the CASPAR portal are reminded of their obligation to do so without further delay. […]
The world is changing fast, as are markets, trends, opportunities, and threats for both employers and employees, albeit in different ways.The pinch of a perceived protracted labour shortage across several sectors has led some employers, particularly those overzealous to protect their own resources, to veer away from the straight and narrow, by engaging in unlawful […]
On the 21st February 2023, L.N. 41 of 2023, the Companies Act (Public Companies – Annual General Meetings) (Repeal) Regulations 2023 (the “Repeal Regulations”) were published, repealing the provisions of S.L. 386.23 (Companies Act (Public Companies – Annual General Meetings) Regulations) (the “Regulations”). The Regulations were published on the 10th July 2020 and were one […]
Spain has paved the way and is now the first EU country to have passed a law that allows for paid menstrual leave entitlement for women suffering from incapacitating periods.The landmark law was passed on Thursday, 16th February, amongst a wider package of sexual and reproductive rights laws. The law mandates the right to a […]
On 21 December 2022, the European Banking Authority (“EBA”) published its final Draft Regulatory Technical Standards (“RTS”) on the identification of a group of connected clients (“GCC”) under Article 4 paragraph 1 number 39 of the Capital Requirements Regulation (“CRR”).The draft RTS, in conjunction with the EBA Guidelines on connected clients, provides a complete framework […]
Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions (the “Mobility Directive”) aims to ensure the right of freedom of establishment of companies incorporated within the Union by harmonising the provisions applicable to cross border operations with a view to strengthening the single market, whilst protecting the rights of all stakeholders involved. As outlined […]
On 19 January 2023, the European Securities and Markets Authority (“ESMA”) launched a public consultation relating to certain technical issues to allow for further guidance in its future manual on post-trade transparency. The consultation paper is aimed at entities subject to the post-trade transparency requirements and/or reporting such information – investment firms including SIs, trading […]