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Banking & FinanceInsurance & ReinsuranceInvestment Services & FundsNews and PublicationsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q3 2022

We are pleased to issue our second edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to Investment Services and Asset Management; Credit and Financial Institutions and Insurance Undertakings and Insurance Intermediaries. Our second Regulatory Compliance Quarterly Update can be found hereThe Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do…
Mamo TCV Advocates
24th October 2022
Investment Services & FundsNews and PublicationsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q2 2022

We are pleased to introduce our Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to Investment Services and Asset Management. Our first Regulatory Compliance Quarterly Update can be found here. The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory, financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Katya Tua.
Mamo TCV Advocates
2nd August 2022
News and Publications

MFSA Launches “Notified AIF” Regime

The MFSA held an information session on the 1st April 2016 which detailed a proposal to simplify Malta’s current fund regime and launch a new framework for the notification of Alternative Investment Funds. In order to improve the overall competitiveness of the Maltese funds market and enhance the efficiency of the authorisation process, the MFSA will be undergoing a complete regulatory review of the current fund regime namely through a: •             Consolidation of the currently available fund regimes •             Review of the fund authorisation processes •             Revamp of fund application forms and related rulebooks. A key reform in this regard…
MamoTCV Advocates
1st July 2016
News and Publications

EU Council lift sanctions against Iran

The MFSA has issued a Notice to all Financial Services Licence Holders confirming the removal of sanctions against the state of Iran via EU Council Regulations adopted on the 16th January 2016. Such measures primarily: •             Remove the entities and individuals that were previously on the sanctions lists and assets pertaining thereto. •             Removes previous restrictions relating to transfer of funds to and from Iran •             Reallows the  provision of banking services including the establishment of correspondent banking relationships and opening of accounts for non-listed Iranian institutions and persons •             Reallows the opening of branches, subsidiaries or representative offices of…
MamoTCV Advocates
1st July 2016
News and Publications

VAT- Aircraft leasing guidelines/initiative – VAT Mitigation and simplification measure

  The VAT Department in Malta has issued guidelines relating to aircraft leasing. The guidelines which are based on the current yacht leasing measures, seek to mitigate the VAT impact on the purchase of an aircraft and its engines.  The guidelines would apply to aircrafts used privately.  The mitigation measure applies by virtue of the adoption of a leasing arrangement which is entered into by the owner of an aircraft and its lessee. Both the owner and the lessee would need to be Maltese registered entities. VAT at the standard Maltese rate is levied on the deemed usage of the…
MamoTCV Advocates
7th May 2016