Category

Capital Markets

MFSA Circular on Amendments to the Prospectus Regulation and Market Abuse Regulation under the EU Listing Act Capital Markets

MFSA Circular on Amendments to the Prospectus Regulation and Market Abuse Regulation under the EU Listing Act

On 19 June 2026, the Malta Financial Services Authority (“MFSA”) issued a circular drawing stakeholders’ attention to key amendments to Regulation (EU) 2017/1129, the Prospectus Regulation, and Regulation (EU) No 596/2014, the Market Abuse Regulation (“MAR”), introduced by Regulation (EU) 2024/2809 as part of the EU Listing Act package. The EU Listing Act is intended to make EU public capital markets more attractive and accessible, particularly for small and medium-sized enterprises, by reducing administrative burdens, compliance costs and regulatory complexity. The amendments highlighted by the MFSA apply as from 5 June 2026. A key change concerns the prospectus exemption threshold,…
Mamo TCV Advocates
19th June 2026
Mamo TCV Advocates at the MSE Ringing of the Bell Event Capital Markets

Mamo TCV Advocates at the MSE Ringing of the Bell Event

On Wednesday 17th of June 2026, the Malta Stock Exchange hosted the ‘Ringing of the Bell’ ceremony to mark the listing of Challenge Aviation p.l.c. (the “Issuer”) €30 million 5.75% secured Bonds 2032 on the Official List of the Malta Stock Exchange (the “Listing”). The Listing represents a significant milestone for both the Challenge Group and Malta’s aviation sector, being the first secured bond issue backed by aircraft. Mr. Simon Zammit, Chief Executive Officer of the Malta Stock Exchange, expressed his best wishes to the Issuer on the successful commencement of trading. Mr. Yossi Shoukroun, Independent Non-Executive Director of the…
Mamo TCV Advocates
19th June 2026
Revised formats of Insider Lists under MAR introduced by updated Implementing Technical Standards Capital Markets

Revised formats of Insider Lists under MAR introduced by updated Implementing Technical Standards

On the 15th of June 2026, the European Commission published Commission Implementing Regulation (EU) 2026/1291 introducing a revised set of implementing technical standards under the Market Abuse Regulation concerning the format and maintenance of insider lists (hereinafter, the “Revised ITS”). The Revised ITS will start to apply from the 5th of July 2026 and replaces Implementing Regulation (EU) 2022/1210. The objective of the Revised ITS is to harmonise the use of a simplified (“alleviated”) format across all Insider Lists and reduce administrative burdens while ensuring that competent authorities retain sufficient information to monitor market abuse risks.  Key changes include, inter…
Mamo TCV Advocates
17th June 2026
ESMA Publishes Its 2025 Corporate Reporting Enforcement And Regulatory Activities Report Capital Markets

ESMA Publishes Its 2025 Corporate Reporting Enforcement And Regulatory Activities Report

On 27 May 2026, the Malta Financial Services Authority ("MFSA") issued a circular drawing the attention of market participants to the publication by the European Securities and Markets Authority ("ESMA") of its 2025 Corporate Reporting Enforcement and Regulatory Activities Report (the "Report"). The Report sets out the findings of European enforcers' examination of listed companies' annual financial reports and identifies the common enforcement priorities that national competent authorities across the European Union and the European Economic Area will focus on in their supervisory activities. ESMA's enforcement programme is designed to promote the consistent application of International Financial Reporting Standards ("IFRS")…
Mamo TCV Advocates
29th May 2026
Mamo TCV Advises Challenge on First Aviation Bond AviationCapital Markets

Mamo TCV Advises Challenge on First Aviation Bond

Mamo TCV Advocates, one of Malta's leading law firms, is proud to have acted as legal advisors to Challenge Aviation p.l.c. in connection with the approval of its bond issuance programme, and extends its congratulations on this significant achievement. This landmark achievement represents a significant milestone not only for Challenge Aviation but for Malta's entire aviation industry, as it marks the first time an aviation sector company has secured such approval in the jurisdiction. Challenge Aviation forms part of Challenge Group’s growing presence in Malta. Challenge Group has established itself as a prominent player in the global air cargo market,…
Mamo TCV Advocates
28th April 2026