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Capital Markets

EU Commission publishes proposal for a Regulation on European Crowdfunding Service Providers for Business

 This article was written by Mikiel Calleja and Maria Refalo.Crowdfunding is the raising of money from individuals, to fund a project or carry out a venture.Carried out online, crowdfunding is advantageous because it has the potential to help better match investors with business projects in need of funding with crowdfunding platforms acting as an intermediary between investors and business. As such, it is becoming increasingly important to start-up companies and early stage companies, as a source of non-banking finance. On 8 March 2018, the European Commission presented a proposal for a Regulation on European Crowdfunding Service Providers for Business. The…
Mikiel Calleja
2nd November 2018
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Corporate and M&A

Malta: Bill for the Production of Cannabis for Medicinal Use

Malta: Bill for the Production of Cannabis for Medicinal Use Production of Cannabis for Medicinal Use Act, 2018On the 15 January 2018 a Bill was introduced by the Honourable Chris Cardona, M.P., Minister for the Economy, Investment and Small Businesses, to permit the local industrial production of cannabis products for medical use in the context of a controlled and supervised environment.Definition of Cannabis and Licence Requirement"Cannabis" is defined as "fresh or dried cannabis, cannabis oil, cannabis plant or seeds, derivatives of cannabis, and/or any substance and, or product set out in guidelines issued by the regulatory authority to be used…
Mikiel Calleja
6th February 2018
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Capital Markets

New Prospectus Regulation: Easier Access to Capital Markets

On 16 May 2017, the Council adopted new rules on prospectuses for the issuing and offering of securities. The new prospectus regulation ("PR3") will repeal and replace the Prospectus Directive (2003/71/EC) and the existing Prospectus Regulation (809/2004). Unlike directives, regulations do not require further implementation measures by EU member states to be effective. The main aim of PR3 is to facilitate access to financial markets for companies, particularly small and medium-sized enterprises through the simplification of the rules and streamlining of related administrative procedure.The main changes to the prospectus regime are as follows:​Form of Publication. There will no longer be…
Mikiel Calleja
25th July 2017