In August 2026, Mr Ian Deguara, the former Maltese Information and Data Protection Commissioner, joined Mamo TCV Advocates as Senior Regulatory Advisor. Mr Deguara’s term at the Office of the Information and Data Protection Commissioner (IDPC) came to an end in March 2026. Mamo TCV Advocates’ Managing Partner, Dr Joe Borg Bartolo, welcomed Mr Deguara to the firm, describing his appointment as an important milestone for both the firm and Mr Deguara as he begins this new chapter of his distinguished career in the field of privacy and data protection. Dr Claude Micallef Grimaud and Dr Antoine Camilleri, both partners heading the…
We are pleased to issue the seventeenth edition of the Regulatory Compliance Quarterly Update. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to investment services, CSPs, fintech, insurance undertakings and insurance intermediaries. The seventeenth Regulatory Compliance Quarterly Update can be found here.The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory, financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Michael…
The Civil Court, First Hall (Constitutional Jurisdiction), in the judgment Phoenix Payments Limited (now Lazarus Long Limited) v the Malta Financial Services Authority and the State Advocate (Application Number 272/2021), delivered by the Honorable Madam Justice Rachel Montebello on 27 April 2026, examined the administrative enforcement powers of the Malta Financial Services Authority (“MFSA”) and, critically, whether the available appeal mechanism satisfies the right to a fair hearing. Phoenix’s Application Phoenix Payments Limited (subsequently renamed Lazarus Long Limited) (“Phoenix”), a financial institution licensed and regulated by the MFSA under the Financial Institutions Act (Chapter 376 of the Laws of Malta)…