Apr
23

EP Approves New Draft Law for Union Whistleblowers

News_LPT
On the 16 th April 2019 the European Parliament approved new rules on the disclosure of information regarding illegal, fraudulent or harmful activities acquired in a work-related context. The draft directive recognizes that persons who work for a public or private organisation or are in contact with it in the context of their work-related activities are often the first to know about threats or harm to the public interest which arise in this context. By 'blowing the whistle' these persons play a key role in exposing and preventing breaches of the law that are harmf...
Continue reading
  3091 Hits
0 Comments
3091 Hits
  0 Comments
Apr
08

Equity Release Scheme

News_QA
On Friday, 5 April 2019, the MFSA issued a set of questions and answers ('Q&As') about the Home Equity Release product announced earlier on by the Ministry of Finance. These Q&As are intended to provide the consumers with information to enable them to make an informed decision when they are considering taking up this product. The Regulations about the equity release product will come into force on the 1 st September 2019, following which, credit institutions and financial institutions need to be authorised, to be able to offer such product . The Q&As m...
Continue reading
  2661 Hits
0 Comments
2661 Hits
  0 Comments
Mar
31

Mamo TCV Delivers GDPR talk at Society Education Event

News_SEE
At the invitation of Society Education, on 21 st March 2019 Mamo TCV Advocates delivered a talk regarding the General Data Protection Regulation ('GDPR'). The event took place at 'the Landmark' in Qormi, Malta. On behalf of Mamo TCV Advocates, Dr Claude Micallef-Grimaud and Dr Warren Ciantar delivered their three-hour presentation titled: 'The General Data Protection Regulation (GDPR): An Overview of its Most Salient Aspects'. The presentation was split into two parts, with the first examining certain key features of the GDPR including the legal grounds for proces...
Continue reading
  2943 Hits
0 Comments
2943 Hits
  0 Comments
Mar
29

MFSA issues Circular on a proposed Temporary Permission Regime (‘TPR’) for UK Investment Funds, Asset Managers and Investment Firms passporting into Malta in relation to a No-Deal Brexit Scenario

News_BrexitFlag2
With a no-deal Brexit scenario looming, the Malta Financial Services Authority ('MFSA') has issued a circular which provides a well-needed update to investment funds, investment firms and asset managers licenced in the UK (collectively referred to as "UK entities") passporting into Malta. The intention of the MFSA is to grant temporary permission to UK entities that already passport their services and activities into Malta. Therefore, only existing clients/contracts would be able to benefit from the Temporary Permission Regime (the "TPR"), and such regime will onl...
Continue reading
  3402 Hits
0 Comments
3402 Hits
  0 Comments
Mar
29

MFSA & FIAU launch Consultation on Guidance to Credit and Financial Institutions opening accounts for FinTechs

News_FT
The MFSA and the FIAU have jointly issued a consultation document on Guidance for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs. The scope of these Guidelines is to assist institutions in assessing their risks when opening accounts for FinTechs particularly those accepting DLT assets as a means of payment, DLT exchanges, issuers of DLT assets and VFA service providers. Stakeholders are invited to send their feedback by the 30 April 2019. The consultation document may be accessed at: https://www.mfsa.com.m...
Continue reading
  2746 Hits
0 Comments
2746 Hits
  0 Comments