November 2021

Amendments to the Companies’ Act – Act LX of 2021 

by , on Nov 29, 2021 08:00:37 AM

  Amendments to the Companies’ Act (Chapter 386 of the Laws of Malta) were introduced in virtue of Act LX of 2021, enacted on the 26th of October 2021. Such amendments work towards...

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EU Directive on public country-by-country reporting  

by , on Nov 26, 2021 08:00:03 AM

The EU Directive on public country-by-country reporting (CbCR, amending Directive 2013/34/EU on the annual financial statement, consolidated financial statements and related reports of certain types of undertakings (the ‘Accounting Directive’), received final approval from the European...

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The MDIA’s role in Malta’s digitalization

by , on Nov 19, 2021 07:00:55 AM

In an interview conducted by Business Now, the Malta Digital Innovation Authority’s (MDIA) Chief Operations Officer Francois Piccione explains how his role primarily involves reinforcing internal structures and discovering new...

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Article VII – EU Digital Resilience Regulation

by , on Nov 17, 2021 07:00:14 AM

DORA: operational resilience in a time of an evolving risk landscape  The European Commission’s proposal for draft regulation on digital operational resilience for the EU financial services sector (hereinafter ‘DORA’)...

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Legal Notice 199 of 2021 and the changes it brought to the Prevention of Money Laundering and Funding of Terrorism Regulations 

by , on Nov 15, 2021 07:00:34 AM

 A number of amendment with regards to the principal regulations, the Prevention of Money Laundering and Funding of Terrorism Regulations, were issued by virtue of LN 199 of 2021 on...

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ESMA’s consultation paper and its fight against disclosure of insider information 

by , on Nov 12, 2021 08:00:11 AM

Issuers must publicly reveal inside knowledge that directly affects them promptly, according to Article 17 of the Market Abuse Regulation (MAR). Issuers may withhold the publication of confidential information under...

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Article VI – The power of the crowd: the EU Crowdfunding Regulation to establish EU-wide alternative financing market  

by , on Nov 10, 2021 07:00:15 AM

 With a few weeks to go to the official entry into force of Regulation (EU) 2020/1503 also known as the EU Crowdfunding Regulation (hereinafter the Regulation), this article comes as a timely introduction...

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The New Eco-friendly Retail Investment Grant Scheme 

by , on Nov 08, 2021 07:00:26 AM

 The production and distribution of single-use plastic has been prohibited within Malta as of January 2021, in collaboration with the long environmental and sustainability development targets established within Malta's budget for...

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New Obligations for Companies Under Bill 233 

by , on Nov 05, 2021 07:00:39 AM

Bill No. 233 of 2021 proposed several amendments to the Companies Act (Chapter 386 of the Laws of Malta). The amendments were focused on: implementing additional requirements for a person...

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Article V -Representative Actions: a new level of consumer protection in the EU

by , on Nov 03, 2021 06:00:29 AM

Whilst consumers have been at the heart of EU legislation since the early inception of the European Union, Directive (EU) 2020/1828 of 25 November 2020 on representative actions for the protection of...

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