Senior Regulatory Advisor
Lara Falzon
Lara Falzon
Lara Falzon is a Manager in the Investments and Insurance law practice group of the firm. Her role focuses on assisting financial service providers on compliance and regulatory matters.
Lara previously occupied the position of Senior Manager within Conduct Function at the Malta Financial Services Authority leading an analytical and multidisciplinary team whose duties primarily involved the collection and analysis of conduct related data of insurance undertakings and MiFID firms; review of promotional material issued by Regulated Persons and the launch of consumer educational campaigns and related initiatives.
During her eight-year tenure at the Malta Financial Services Authority, Lara also attended and participated in international regulatory fora, including the Financial Innovation Standing Committee of the European Securities and Markets Authority.
Education
- Bachelor of Commerce (Honours), Banking and Finance (2008, University of Malta)
- IFSP Foundation Certificate in Trust Law and Management (2010, IFSP)
Get In Touch
Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
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Legal Update on UCITS Information Documents
A key feature of Undertakings for the Collective Investment in Transferable Securities (“UCITS” fund) is the Key Investor Information Document (“KIID”), which provides the retail investor with simplified information from the prospectus. UCITS also qualify as Packaged Retail Investment and Insurance Products (“PRIIPS”). Since PRIIPs are required to do a Key Information Document (“KID”), promoters of a UCITS fund were technically obliged to provide both the KIID as well as the KID. Thus, these conflicting requirements would have created unclarity for the retail investor. Initially, an exemption was provided for investment companies and management companies who are promoting a UCITS…
The Online Presence of UCITS Management Companies and Reverse Solicitation
Recently, the Malta Financial Services Authority ("MFSA") issued two circulars related to updates on Undertakings for Collective Investment in Transferable Securities ("UCITS") Management Companies, and a clarification note on the disclosures in the financial return reporting and other essential regulatory clarifications. In this article, a brief overview of the salient features emanating from these two circulars shall be given to ensure that subject persons comply with the below updates and clarifications. The first circular dated the 6th of April 2022 relates to the online and social media presence of UCITS Management Companies. The MFSA is requesting UCITS Management Companies to…
The Cross-Border Distribution of Funds Framework
The Cross-Border Distribution of Funds (the "CBDF") Framework is composed of the CBDF Regulation and Directive, and is supplemented by the Commission Delegated Regulation 2021/955 and by the ESMA Guidelines on Marketing Communications under the Regulation on Cross-Border Distribution of Funds. The ESMA Guidelines on Marketing Communications and the Commission Delegated Regulation 2021/955 came into effect recently on the 2nd of February 2022. The CBDF Regulation establishes marketing requirements for collective investment undertakings and for marketing communications that are addressed to investors. This Regulation establishes principles relating to fees and charges that are levied on managers of collective investment undertakings…
