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MamoTCV

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COVID19 MeasuresImmigrationNews

Freedom of Movement Within the EU During Covid-19

It is evident that the current lockdown is having an unprecedented slowdown in the movement of persons between EU Member States. This is not due to a restriction which was imposed by the EU itself but because of the restrictions which the Member States themselves imposed through their respective Public Health officials. It is noticeable that the legal restrictions on immigration were driven by the Member States' individual rules rather than by a general guideline from the EU. Consequently, the European Commission issued a guideline on how to ensure that certain posted workers and others are not inhibited from exercising…
MamoTCV
25th April 2020
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COVID19 MeasuresImmigration

Current Measures for Birth and Death Registrations

1. Birth RegistrationAs from Monday 6th April 2020, parents can register their new-born's birth by post, without having to visit Identity Malta's offices. In the case of birth registrations, one of the parents, or both in the case of a child who was born out of wedlock, should notify the birth of that child.Parents are advised to first contact the Public Registry Unit on localnotifications.pubreg@gov.mt and then send the following documents by registered mail to The Public Registry Office, Local Notifications Section, Evans Building, Merchant's Street, Valletta. Filled in Declaration for Notification of Birth Form; The original Certificate of Birth…
MamoTCV
8th April 2020
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COVID19 MeasuresInvestment Services & Funds

MFSA Issues Circular on Contingency Planning in Light of COVID-19

As a result of the current crisis in which we find ourselves, due to the COVID-19 pandemic, the Malta Financial Services Authority ("MFSA") issued a notice on 13th March 2020, urging investment firms, custodians, fund managers and collective investment schemes (collectively referred to as "Licence Holders") to take into account how their operations may be affected by this pandemic. In light of this, the MFSA expects Licence Holders to take the necessary measures and precautions to deal with the evolving situation and to be able to cater for any eventuality, by having appropriate business continuity and contingency plans in place.…
MamoTCV
25th March 2020
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FinTech

Applying for a Virtual Financial Asset Licence in order to Operate a Crypto-Exchange

Malta is the first country in the world to create and implement a fully comprehensive legal and regulatory framework for cryptocurrency and blockchain technology. The stable system and forward approach that Malta offers creates the ideal setting to attract further investment. In fact, Malta has attracted some of the world's largest cryptocurrency exchanges who have relocated or set up offices on the island. The Maltese legal framework consists of three main pieces of legislation, namely:i. The Virtual Financial Assets Act (the "Act");ii. The Malta Digital Innovation Authority Act; &iii. The Innovative Technology Arrangements and Services Act.The most important and relevant…
MamoTCV
11th December 2019
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Investment Services & Funds

Update on the Maltese Temporary Permission Regime for UK Investment Firms and Fund Managers.

On 24 September 2019 the Government of Malta issued three legal notices with respect to three Regulations, falling under the Investment Services Act, which are to be amended in order to cater for the event of a no-deal Brexit. This comes following a circular which was issued by the MFSA on 28 March 2019 that introduced the possibility of granting temporary permission to UK entities 1 already passporting into Malta. The three Regulations to be amended include the:i. European Passport Rights for Investment Firms Regulations;ii. Investment Services Act (UCITS Management Company Passport) Regulations; andiii. Investment Services Act (Alternative Investment Fund Manager)…
MamoTCV
30th September 2019
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Investment Services & Funds

Precautionary Measures Adopted by ESMA and Other EU Securities Regulators in the Case of a No-Deal Brexit Scenario

On the 29th of March 2019 the UK will leave the European Union ('EU') in what is an unprecedented event in modern European history.  As a result of this decision, Europe's biggest capital market will move outside of the EU, raising a number of regulatory challenges across a number of areas, specifically in the sphere of data reporting and clearing and settlement. Therefore, with the prospect of a no-deal Brexit scenario looming, the European Securities and Markets Authority ('ESMA') and other EU securities regulators have adopted a number of precautionary measures which will serve to overcome the arising challenges and…
MamoTCV
8th March 2019