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Telecoms, Media & TechnologyTrusts, Foundations and Wealth Management

Foundations and Cryptos

This article was written by Dorita Cardona and Joshua Chircop.Following the introduction of the crypto laws, namely the Virtual Financial Asset Act, the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act, which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations.A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry out any trading activity resulting from such foundation owning, administering or otherwise operating an "innovative technology arrangement", as defined…
Dorita Cardona
25th September 2018
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Telecoms, Media & TechnologyTrusts, Foundations and Wealth Management

Foundations and Cryptos

This article was written by Dorita Cardona and Joshua Chircop.Following the introduction of the crypto laws, namely the Virtual Financial Asset Act, the Malta Digital Innovation Authority ("MDIA") Act and the Innovative Technology Arrangements and Services Act, which laid the foundations for Malta's innovative technology sector, Maltese foundations can now be used to issue tokens and carry out trading activities resulting from such operations.A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry out any trading activity resulting from such foundation owning, administering or otherwise operating an "innovative technology arrangement", as defined…
Dorita Cardona
25th September 2018
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Trusts, Foundations and Wealth Management

New Regulations on Protected Disability Trusts

In virtue of the powers conferred by Article 57 (1) of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (hereinafter referred to as 'the Act'), the Minister of Finance, acting on the advice of the Malta Financial Services Authority (hereinafter referred to as 'the MFSA'), has recently promulgated the Trusts and Trustees Act (Protected Disability Trusts) Regulations (hereinafter referred to as 'the Regulations'). The Regulations were promulgated in virtue of Legal Notice 324 of 2016 and published on the Government Gazette on the 7th of October 2016.PurposeThe purpose of the Regulations is to regulate the establishment and…
Joseph Borg Bartolo
1st November 2016