Insights

Capital Markets

Public Consultation on the Revised Free Float Requirements for Regulated Markets

On the 16th of June 2025, the Malta Financial Services Authority (“MFSA”) published a consultation document proposing significant changes to the minimum free float requirement (also referred to as the “Public Float”) for admission to trading on a regulated market in Malta (hereinafter referred to as the “Consultation Document”). The proposals follow the recent adoption of the EU Listing Act Package (Listing Act) published in the Official Journal of the European Union on the 14th of November 2024, which includes the Listing Regulation (Regulation (EU) 2024/2809), the Listing Directive (Directive (EU) 2024/2811) and a new Directive on multiple vote share…

Mamo TCV Advocates7th July 2025

Banking & Finance FinTech

Payments Insights #5 – When CASPs Overlap PSPs

The EU’s Markets in Crypto-Assets Regulation (MiCA) provides in Article 70(4) that a crypto-asset service provider (CASP) offering payment services related to its crypto activities must either obtain a payment institution authorisation itself or partner with an authorised payment service provider (PSP) under PSD2. This reflects the “dual nature” of certain crypto-assets: notably, MiCA classifies e-money tokens (i.e. stablecoins) as electronic money, meaning they are not only crypto-assets under MiCA but also “funds” under the Second Payment Services Directive (PSD2). In practice, this dual status raised uncertainty about whether CASPs dealing in stablecoins need a separate PSD2 licence in addition…

Katya Tua and Mario Mizzi4th July 2025

DORA Intellectual Property Telecoms, Media & Technology

DORA ICT Subcontracting RTS Published

Following the European Commission’s earlier rejection, the Regulatory Technical Standards (RTS) on ICT Subcontracting have been published in the EU Official Journal on 2 July 2025. The RTS will enter into force 20 days after publication, which means that they will come into effect on 22 July 2025. Financial entities and ICT providers must ensure to update their contractual arrangements to fulfil the conditions set out in the RTS to ensure compliance by 22 July 2025. To receive updates on this important development and related news please visit our website and consider subscribing to our newsletter. This document does not purport…

Mamo TCV Advocates3rd July 2025

Corporate and M&A

The Companies (Amendment) Bill, 2025, Part 2: Key Amendments Affecting Limited Liability Companies

On the 18th June 2025, Bill no. 136, the Companies (Amendment) Bill (the “Bill”), was presented to Parliament by the Minister for the Economy, Enterprise and Strategic Projects for its first reading and was published in the Government Gazette on the 24th June 2025. The Bill proposes a number of amendments to the Companies Act (Chapter 386 of the laws of Malta) (the “Act”). This article is the second of a two-part series which provides an overview the main amendments to the Act relating to limited liability companies. The first part of this series may be accessed here. Changes relating…

Nicole Portelli2nd July 2025

Company Law Corporate and M&A

Amendments to the Company Services Providers Regime

Act X of 2025 which came into force on 16 May 2025 introduced amendments to the Company Service Providers Act (Chap. 525 of the law of Malta). The amendments are intended to further refine the provision of directorship and company secretary services and therefore impact mainly the Class B Company Service Provider (CSP) Category. The amendments introduced two new categories of Class B CSPs: restricted CSPs; and limited CSPs. While the former (restricted) must notify the Malta Financial Services Authority (MFSA) by no later than 16 July 2025, the latter must register with the MFSA. This brief article focuses on restricted…

Matthew Muscat and Petra Attard1st July 2025

Corporate and M&A

The Companies (Amendment) Bill, 2025, Part 1: Key Amendments Affecting Partnerships

On the 18th June 2025, Bill no. 136, the Companies (Amendment) Bill (the “Bill”), was presented to Parliament by the Minister for the Economy, Enterprise and Strategic Projects for its first reading and was published in the Government Gazette on the 24th June 2025. The Bill proposes a number of amendments to the Companies Act (Chapter 386 of the laws of Malta) (the “Act”), across various areas. This article is the first of a two-part series which provides an overview of the main amendments to the Act. The purpose of this first part is to set out and analyse the…

Nicole Portelli30th June 2025