Jan
13

MFSA Update: PMDR Notifications to be Filed Online

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Persons discharging managerial responsibilities ('PMDRs'), or persons closely associated with them, are now required to submit PMDR notifications through the Malta Financial Services Authority's ('MFSA') online form . In terms of the Market Abuse Regulation (Regulation (EU) No 596/2014, hereinafter the 'Regulation'), PMDRs and persons closely associated with them are required to notify the issuer and the MFSA of every transaction conducted on their own account relating to the shares or debt instruments of that issuer once the total value of transactions executed i...
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143 Hits
Nov
02

EU Commission publishes proposal for a Regulation on European Crowdfunding Service Providers for Business

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  This article was written by Mikiel Calleja and Maria Refalo. Crowdfunding is the raising of money from individuals, to fund a project or carry out a venture.Carried out online, crowdfunding is advantageous because it has the potential to help better match investors with business projects in need of funding with crowdfunding platforms acting as an intermediary between investors and business. As such, it is becoming increasingly important to start-up companies and early stage companies, as a source of non-banking finance. On 8 March 2018, the European Commiss...
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3906 Hits
Oct
09

Malta Stock Exchange plc obtains regulatory approval to launch the Institutional Financial Securities Market

Malta Stock Exchange plc obtains regulatory approval to launch the Institutional Financial Securities Market
Malta Stock Exchange plc. ("MSE") has obtained regulatory approval to launch the Institutional Financial Securities Market ("IFSM"), a securities market intended for issuers seeking to list securities falling within the scope of the Wholesale Securities Market rules, including but not limited to asset-backed and convertible debt securities, derivatives and insurance-linked notes, having a minimum denomination requirement of €100,000 (or its equivalent in any other currency). The IFSM will be regulated by the Malta Financial Services Authority and market participan...
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5860 Hits
Jul
25

New Prospectus Regulation: Easier Access to Capital Markets

New Prospectus Regulation: Easier Access to Capital Markets
On 16 May 2017, the Council adopted new rules on prospectuses for the issuing and offering of securities. The new prospectus regulation ( "PR3" ) will repeal and replace the Prospectus Directive (2003/71/EC) and the existing Prospectus Regulation (809/2004). Unlike directives, regulations do not require further implementation measures by EU member states to be effective. The main aim of PR3 is to facilitate access to financial markets for companies, particularly small and medium-sized enterprises through the simplification of the rules and streamlining of related ...
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6226 Hits