News

Introducing novolegal

by , on Jun 30, 2021 02:51:02 PM

On Friday the 28th of June 2019, novolegal was launched, bringing together the combined knowledge of a group of young practising lawyers. novolegal is a boutique, sophisticated legal practice composed of...

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Guidance for Credit Institutions, Payment Institutions and Electronic Money Institutions opening accounts for FinTechs

by , on Jun 30, 2021 02:50:28 PM

The Malta Financial Services Authority (‘MFSA’) and the Financial Intelligence Analysis Unit (‘FIAU’) have published a Guidance Note entitled “Guidance for Credit Institutions, Payment Institutions and Electronic Money Institutions opening...

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A Proposed Regulatory Framework for e-kickscooters

by , on Jun 30, 2021 02:45:19 PM

Transport Malta’s Sustainable Mobility Unit has issued Guidelines for the Regulations of the Micromobility Class and devised a proposed regulatory framework compiled to address technology advancement and new travelling habits...

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Patent Box Regime Introduced To Malta

by , on Jun 30, 2021 02:41:41 PM

The introduction of a Patent Box Regime in Malta The Patent Box (Deduction) Rules (the “Rules”) were published on the 13th of August 2019 by virtue of Legal Notice 208 of...

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ESAs issue a joint opinion on the risks of money laundering and terrorist financing

by , on Jun 30, 2021 02:40:10 PM

The European Supervisory Authorities (ESAs) consisting of the (i) European Banking Authority (EBA); (ii) the European Insurance and Occupational Pensions Authority (EIOPA); and (iii) the European Securities and Markets Authority...

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Targeted Financial Sanctions in Malta

by , on Jun 30, 2021 02:39:32 PM

The Sanctions Monitoring Board (SMB) has issued Guidance Notes on the Targeted Financial Sanctions. These Guidelines are mostly concerned with subject persons and the additional services which shall be available to them,...

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FIAU publishes a Consultation Document on the amendments to the PMLFTR

by , on Jun 30, 2021 02:38:55 PM

The Financial Intelligence Analysis Unit (FIAU) has published a consultation document on the Proposed Amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR). It is being done...

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CJEU’s decision on consent with respect to cookies compliance

by , on Jun 30, 2021 02:37:17 PM

The Court of Justice of the European Union (the ‘CJEU’) by means of its recent judgement Verbraucherzentrale Bundesverband eV v. Planet49 GmbH (C 673/17), (the ‘Planet49 Case’) endeavours to change the way digital...

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MFSA issues circulars on Securities Regulations updates

by , on Jun 30, 2021 02:35:46 PM

The Malta Financial Services Authority (MFSA) has issued circulars on Regulation (EU) No 2017/2402 (Securitisation Regulation), in relation to ESMA’s updates of the Q&A and the Security Transparency draft Regulatory...

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EBA re: Mobile Banking

by , on Jun 30, 2021 02:34:46 PM

Introduction The European Banking Authority (‘the EBA’) is currently raising awareness with regards to the risks which may arise when using online or mobile banking services. A factsheet addressed to...

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