The 30 June 2026 deadline is fast approaching for in-scope listed companies to fulfil the gender balance targets laid down in Chapter 13 of the Malta Financial Services Authority (‘MFSA’)’s Capital Markets Rules (implementing Directive (EU) 2022/2381). These requirements do not apply to debt issuers and micro, small and medium-sized enterprises.
What must be achieved?
By 30 June 2026, companies must meet one of the following targets:
- At least 40% of non-executive directors are of the underrepresented sex; or
- At least 33% of all directors (executive and non-executive) are of the underrepresented sex.
Reporting and disclosure obligations
In addition to meeting the targets, companies are subject to ongoing annual reporting and disclosure obligations, including: