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MFSAcircular

MFSA Building Entrance
Public Consultation on the Revised Free Float Requirements for Regulated Markets 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 Advocates
7th July 2025
Mamo TCV FinTech
MFSA increases PDMR reporting threshold to €10,000 as from the 4th of December 2024 Capital Markets

MFSA increases PDMR reporting threshold to €10,000 as from the 4th of December 2024

On the 4th of December 2024, the Malta Financial Services Authority (“MFSA”) published a Circular addressed to all market participants falling within the scope of Regulation (EU) No 596/2014 on market abuse (“MAR”). The Circular outlines amendments to the MFSA’s Prevention of Financial Markets Abuse Rules following the publication of the EU Listing Act Package in the Official Journal of the European Union on the 14th of November 2024. The Listing Act Package includes, inter alia: the Listing Act Directive (Directive (EU) 2024/2811) and, the Listing Act Regulation (Regulation (EU) 2024/2809) - which amends the Prospectus Regulation and the MAR…
Mamo TCV Advocates
17th June 2025
MFSA Issues Circular on Proposed Changes to the Companies Act (Cell Companies Carrying on Business of Insurance) Regulations
MFSA Issues Circular on Proposed Changes to the Companies Act (Cell Companies Carrying on Business of Insurance) Regulations Insurance & ReinsuranceLegal Updates

MFSA Issues Circular on Proposed Changes to the Companies Act (Cell Companies Carrying on Business of Insurance) Regulations

The MFSA issued a Circular on the 22nd of December 2022 in which it proposed amendments to the Companies Act (Cell Companies carrying on business of Insurance) Regulations, Subsidiary Legislation 386.10 (“the PCC Regulations”). The PCC Regulations provide for the creation and regulation of cell companies. Currently, regulation 15 of the PCC Regulations provides that where a cell exclusively carries on business of affiliated re/insurance, the cell company may, by written agreement, provide that only the cellular assets of that cell may be utilized to satisfy the cellular liability of that cell. Hence, regulation 15 allows for the limitation of…
Mamo TCV Advocates
19th January 2023
Dubai
MFSA Issues Guidelines to the Submission of the Statement of Source of Wealth and Source of Funds Banking & FinanceInsurance & 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
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MFSA Issues Circular on Adopting EIOPA’s Revised Guidelines on the Legal Entity Identifier 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
MFSA Circular: Amendments to Chapter 5 of Insurance Rules and Related Legislation Insurance & ReinsuranceLegal Updates

MFSA Circular: Amendments to Chapter 5 of Insurance Rules and Related Legislation

On the 5th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on the amendments to: the Glossary of Terms, Chapter 5 of the Insurance Rules and the Insurance Business (Exemptions) Regulations. These amendments are being carried out to ensure that the MFSA adheres to the EU Notice on the adaptation in line with inflation of the amounts laid down in the Solvency II Directive which was published on the 19th October 2021 (hereinafter referred to as “the Notice”) and the Revised Guidelines on the Valuation of Technical Provisions and the Revised Guidelines…
Mamo TCV Advocates
23rd August 2022