Sep
27

Virtual Financial Asset Act and Innovative Technology Arrangements and Services Act to come into force on the 1st November 2018

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Legal Notice 307 of 2018 has been published on the 25 th September, 2018 which establishes the 1 st November 2018 as the date of entry into force of the Virtual Financial Asset Act, Chapter 590 of the Laws of Malta. The Virtual Financial Asset Act will regulate the issuing of ICO's in or from within Malta, the operation of exchanges and the provision of VFA services, while safeguarding market integrity, protecting consumers and ensuring a higher degree of investor protection. Legal Notice 306 of 2018 was also published on the 25 th September, 2018 and this Legal N...
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4893 Hits
Sep
25

Foundations and Cryptos

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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. [1] A foundation may, subject to such authorisations as may be necessary under applicable laws, issue tokens and carry...
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4282 Hits
Sep
10

Mamo TCV Advocates Delivers GDPR Presentation to Medical Practitioners

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Dr. Claude Micallef-Grimaud, a senior associate at Mamo TCV Advocates, recently delivered a presentation to members of the Mediterranean Institute of Primary Care regarding the implications of the GDPR for medical professionals. The topics ranged from general data protection obligations imposed on all data controllers to specific obligations and requirements relevant to medical practitioners, particularly those specialised in occupational medicine. The talk also highlighted some exemptions and/or special circumstances that apply to certain medical practitioners (f...
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2677 Hits
Aug
01

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets
​ The Malta Financial Services Authority ("MFSA") has issued a consultation paper on the Virtual Financial Assets Rules which will be applicable to Issuers of Virtual Financial Assets to be issued in accordance with the Virtual Financial Asset Act. This consultation document is in line with the MFSA's proposal of issuing a rule book to be titled the "Virtual Financial Assets Rulebook" which will be subdivided into three parts: ​ Chapter 1: Virtual Financial Assets Rules for VFA Agents Chapter 2: Virtual Financial Assets Rules for Issuers of Virtual Financial Asset...
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3867 Hits
Jul
27

The MFSA publishes Financial Instrument Test

The MFSA publishes Financial Instrument Test
This article was written by Dr. Christina Scicluna & Dr. Luke Mizzi . Following the Malta Financial Services Authority's (MFSA) consultation process the Authority has published a trial version of the financial instrument test which shall be carried out by issuers of Initial Coin Offerings (ICOs) prior to the offering of DLT assets to the public in or from within Malta and by persons providing any service and/or performing any activity, within the context of either the Virtual Financial Assets Act or investment services legislation. The test shall take place by...
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5049 Hits