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Platform worker
Employment and Industrial RelationsLegal Updates

New Legal Notice on Digital Platform Work

The Covid-19 pandemic has played an important role in shaping labour markets by accelerating the growth of digital labour platforms which have in turn brought a number of challenges. These include issues in determining the correct employment status of workers performing platform work leading to inadequate access to basic labour and employment rights, lack of fairness, transparency and accountability in algorithmic management and, difficulties in enforcement and lack of traceability by the authorities. In Malta, these issues were being particularly felt within the sector of the delivery of consumer products. This prompted a national debate on the need to introduce…
Mamo TCV Advocates
24th October 2022
The Transparent and Predictable Working Conditions Regulations came into force on the 21st October 2022
Employment and Industrial RelationsLegal Updates

New Rules on the Information to be Provided to Employees

The Transparent and Predictable Working Conditions Regulations came into force last Friday, the 21st October 2022, implementing the Transparent and Predictable Workings Conditions Directive (2019/1152). The Regulations lay down minimum requirements on the working conditions applicable to every worker in the European Union who has an employment contract or relationship. The Regulations set out a longer list of information to be provided to employees, building on the list which already existed under the Information to Employees Regulations. Specific information is to be provided to employees who are outworkers and employees who are required to work outside of Malta for a…
Mamo TCV Advocates
24th October 2022
Call for evidence on Block Exemption for liner shipping operators
Antitrust, Competition and TradeLegal Updates

Call for Evidence on Block Exemption for Liner Shipping Operators

The European Commission has opened a call for evidence until 3 October 2022 with regards to the “Consortia Block Exemption Regulation”. This block exemption allows liner shipping operators to cooperate in the provision of services. The block exemption will expire on 25 April 2024. The call for evidence is intended to assess how well the block exemption has functioned since it was last extended in 2020. The call for evidence may be accessed here : https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/13519-EU-competition-law-evaluation-of-the-Consortia-Block-Exemption-Regulation_en Disclaimer: This document does not purport to give legal, financial or tax advice. Should you require further information or legal assistance, please do not…
Mamo TCV Advocates
29th September 2022
Last few days of the public consultation on the Motor Vehicles Block Exemption
Legal Updates

Last few days of the Public Consultation on the Motor Vehicles Block Exemption

In July 2022, the European Commission launched a public consultation on its draft proposals for the future of the Motor Vehicle Block Exemption Regulation (‘MVBER’) regime. The proposals include (i) a draft Regulation prolonging the validity of the existing MVBER for five years and (ii) a draft Communication introducing targeted updates to the Supplementary Guidelines. Comments may be submitted by the 30 September 2022. The draft rules follow a review process launched In December 2018 and provide that the MVBER expires on 31 May 2023. This was done with the aim of gathering evidence on the functioning of the rules…
Mamo TCV Advocates
27th September 2022
Dubai
Banking & FinanceFinTechInsurance & ReinsuranceInvestment Services & FundsLegal UpdatesRegulatory Compliance

MFSA Issues Guidelines to the Submission of the Statement of Source of Wealth and Source of Funds

On the 12 August 2022, the MFSA has issued a Circular to inform the financial services industry of the launch of a new standardised template (“Annex AX26: Source of Wealth and Source of funds self-declaration form”) to be used with immediate effect when submitting a statement of source of wealth and source of funds. The statement is to be submitted by all qualifying shareholders and Politically Exposed Persons as an attachment to their online Personal Questionnaire. The statement is to be filled in electronically and signed by the applicant. Disclaimer: This document does not purport to give legal, financial or…
Mamo TCV Advocates
26th August 2022
Binary Codes
Insurance & ReinsuranceLegal Updates

MFSA Issues Circular on Adopting EIOPA’s Revised Guidelines on the Legal Entity Identifier

On the 8th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on Adopting the European Insurance and Occupational Pensions Authority (hereinafter referred to as “EIOPA”) Revised Guidelines on the Legal Entity Identifier (hereinafter referred to as “the Guidelines”) which became applicable on the 1st July 2022 and which repealed the Guidelines on the use of the Legal Entity Identifier. The Legal Entity Identifier (hereinafter referred to as “LEI”) is a 20-character, alpha-numeric, code which is unique to each legal entity participating in financial transactions. Each LEI code contains information about an entity’s…
Mamo TCV Advocates
24th August 2022