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Corporate and M&A

UBO Registry: New Reporting Requirements for Companies and Trusts

​One of the key features of the newly transposed Fourth Anti- Money Laundering Directive (Directive 2015/849/EU) is the imposition of an obligation on all European Union Member States to ensure that all incorporated corporate and other legal entities maintain sufficient and up to date information on their beneficial ownership.In this regard, December 2017 saw the publication of the Companies Act (Register of Beneficial Owners) Regulations which imposed a requirement on all Maltese Companies (saving the exceptions listed below) to obtain and hold adequate, accurate and current information on beneficial ownership and to provide such information to the Malta Registry of…
Luke Mizzi
1st February 2018
Corporate and M&A

Malta Launches Formal Bid to Host European Medicines Agency (EMA) Post Brexit

​Following Brexit, the European Medicines Agency (EMA) will be forced to relocate its headquarters out of London. Several EU Member States have already expressed an interest in hosting the EMA. Recently, Malta has also stepped forward and formally launched its bid to take on this role. The bid is being led by the Malta Medicines Authority and the launch thereof was formally announced on 20th March 2017 at an event held at the Grand Master's Palace in Valletta, Malta.Addressing the press conference, Minister for Social Dialogue, Consumer Affairs and Civil Liberties Helena Dalli, augured that "Malta's safe and social environment…
David Tonna
27th March 2017