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 […]
The Court of Justice of the European Union (the “CJEU”) has recently opined on the exclusion from participation in future public procurement procedures of economic operators participating in a public contract as a group of economic operators / joint venture, where that contract is terminated early due to deficiencies by the group / joint venture. […]
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 […]