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MAY 2011 - FINANCIAL SERVICES UPDATES IN MALTA
RELEASE DATE: 27 MAY 2011
We are pleased to inform you of some of the latest developments with respect to the Maltese financial services industry, which illustrate Malta’s continued efforts to reinforce its reputation as a financial services hub including the further development of its regulatory framework.
As explained in our latest Financial Services Newsletter, the updates are namely the following:
- Highly Qualified Persons engaged in the Financial Services Sector – 15% flat tax rate on employment income;
- Consultation Note regarding a proposal for amendments to Financial Institutions Act (E- Money Institutions) and new Financial Institutions Rule FIR/03;
- Circular regarding the transposition of the UCITS IV Directive;
- Malta Country Report on the fifth Quantitative Impact Study (QIS5) for Solvency II;
- Amendments to the Financial Collateral Arrangements Regulations.
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