Category

Telecoms, Media & Technology

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ICO IMPOSES EUR224,000 FINE FOR ‘BCC’/’CC’/’TO’ BLUNDER Telecoms, Media & Technology

ICO IMPOSES EUR224,000 FINE FOR ‘BCC’/’CC’/’TO’ BLUNDER

Before clicking 'Send', check and check again!Sending an email to the wrong recipient is perhaps one of the most common types of data breach that can occur. One example is erroneously sending a Carbon Copy ('CC') email or an email with recipients in the 'TO' field instead of a Blind Carbon Copy ('BCC') email. This can have serious implications in terms of general confidentiality obligations as well as significant implications in terms of the EU General Data Protection Regulation ('GDPR') which came into effect across the EU, including Malta, on 25th May 2018.This is exactly what happened in February 2017…
Claude Micallef Grimaud
19th July 2018
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MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act NewsTelecoms, Media & Technology

MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act

The Malta Financial Services Authority ("MFSA") issued a consultation paper addressed to the financial services industry with regards to the Virtual Financial Assets Regulations to be issued under the Virtual Financial Assets Act ("VFA Act")  The aim of the proposed Regulations is to safeguard financial stability, promote market integrity and ensure investor protection by introducing the following: ​Exemptions:The proposed Regulations will set out a list of persons who shall be exempt from the requirement of a VFA services licence in terms of the VFA Act, some exemptions may be automatically applicable, others will need to be notified to the MFSA…
Ian Busuttil
9th July 2018
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MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act NewsTelecoms, Media & Technology

MFSA issues consultation paper with the Financial Services Industry with Regards to the Virtual Financial Assets Regulations to be Issued under the Virtual Financial Assets Act

The Malta Financial Services Authority ("MFSA") issued a consultation paper addressed to the financial services industry with regards to the Virtual Financial Assets Regulations to be issued under the Virtual Financial Assets Act ("VFA Act")  The aim of the proposed Regulations is to safeguard financial stability, promote market integrity and ensure investor protection by introducing the following: ​Exemptions:The proposed Regulations will set out a list of persons who shall be exempt from the requirement of a VFA services licence in terms of the VFA Act, some exemptions may be automatically applicable, others will need to be notified to the MFSA…
Ian Busuttil
9th July 2018
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Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills Telecoms, Media & Technology

Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills

The Maltese Parliament has yesterday, Tuesday 26th June unanimously approved three Bills during a second reading in Parliament as announced by Parliamentary Secretary for Digital Innovation Hon. Silvio Schembri. This milestone development will make Malta one of the first countries to soon adopt a legal framework for ICO's, Exchanges and Innovative Technologies and position Malta as an attractive jurisdiction for investors and operators in the industry. The Bills are the following:The Malta Digital Innovation Authority ActThe Innovative Technology Arrangements and Service ActThe Virtual Financial Assets Act which introduces a legal framework for the regulation of ICO's and Exchanges The next…
Ian Busuttil
27th June 2018
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Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills Telecoms, Media & Technology

Maltese Parliament has unanimously approved second reading of all three Cryptocurrency/Blockchain/DLT Bills

The Maltese Parliament has yesterday, Tuesday 26th June unanimously approved three Bills during a second reading in Parliament as announced by Parliamentary Secretary for Digital Innovation Hon. Silvio Schembri. This milestone development will make Malta one of the first countries to soon adopt a legal framework for ICO's, Exchanges and Innovative Technologies and position Malta as an attractive jurisdiction for investors and operators in the industry. The Bills are the following:The Malta Digital Innovation Authority ActThe Innovative Technology Arrangements and Service ActThe Virtual Financial Assets Act which introduces a legal framework for the regulation of ICO's and Exchanges The next…
Ian Busuttil
27th June 2018
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Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for ICO’s Telecoms, Media & Technology

Second Reading in Parliament for Blockchain Bills: The Virtual Financial Assets Act and the legal framework for ICO’s

The Maltese Government has presented the much anticipated Virtual Financial Assets Bill (the "Bill") for its second reading in Parliament. The Bill provides further clarity as to the manner in which virtual assets (termed "Virtual Financial Assets" ("VFA") will be regulated in Malta, specifically in relation to the issuing of ICOs in or from or within Malta.This includes the necessary license requirements and conditions which must be adhered to by individuals or entities who issue VFAs or who provide certain specified activities in relation to VFAs. The Bill, which aims to enhance investor protection and market stability, is in line…
Ian Busuttil
22nd May 2018