Share on LinkedInShare on LinkedIn

ARTICLE · 30 MARCH 2020

MFSA Issues Circulars In The Light Of COVID-19 Outbreak

Mamo TCV Advocates
Mamo TCV Advocates
Contributor
Mamo TCV Advocates

Mamo TCV Advocates

Mamo TCV Advocates is one of Malta’s leading law firms, with significant depth and expertise across...

View firm profile
Explore more from Mamo TCV Advocates

Amidst the constant unfolding of the situation surrounding the COVID-19 outbreak, the Malta Financial Services Authority ("MFSA") has recently issued a number of circulars targeted

MaltaFinance and Banking
Mamo TCV Advocates
Mamo TCV Advocates
Author LinkedIn connections

Amidst the constant unfolding of the situation surrounding the COVID-19 outbreak, the Malta Financial Services Authority ("MFSA") has recently issued a number of circulars targeted at the local financial services sector in general and also sector specific. 

The following is an overview of the COVID-19 related circulars issued by the MFSA between the 10th March and the 13th March 2020:

A.MFSA General Circulars

a)MFSA expects licensed firms to have in place COVID-19 Contingency and Business Continuity Plans

On the 10th March 2020, MFSA issued a general circular applicable to all local financial services reguslated entities highlighting the MFSA expectations that regulated firms take all reasonable measures in order to have appropriate contingency plans in place to be able to deal with any eventuality and to get in touch through the usual channels should they have any queries relating to the COVID-19 outbreak. The circular also made reference to MFSA's

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Publication Of Commission Delegated Regulation Implementing Key Prospectus Reforms Under The EU Listing Act

The European Commission has published new delegated regulations amending the EU prospectus disclosure regime, introducing streamlined content requirements and standardized formats for various categories of prospectuses. These reforms, part of the broader EU Listing Act package, aim to reduce regulatory burdens for issuers while maintaining investor protection, with key changes including reduced historical financial information requirements and simplified disclosure obligations.
European UnionFinance and Banking
Ganado Advocates
Ganado Advocates
Article

CRD VI And Cross-Border Lending: What Third-Country Credit Institutions Need To Know

The European Union's Sixth Capital Requirements Directive introduces a groundbreaking EU-wide framework requiring third-country credit institutions to establish authorised branches when providing core banking services within the EU. This new regime, effective January 2027, replaces the previous patchwork of national rules with harmonised supervisory standards, though several exemptions and transitional protections apply to existing arrangements.
MaltaFinance and Banking
Camilleri Preziosi
Camilleri Preziosi
Article

AIFMD II Opens The Door To Loan Origination Funds In Malta

With AIFMD II now transposed into Maltese law, fund promoters, asset managers and family offices have access to new regulatory pathways for establishing loan origination and private credit vehicles in Malta. The revised framework expressly permits corporate lending by Alternative Investment Funds, while the updated NAIF regime brings loan origination within scope, opening doors to EU-wide distribution through the AIFMD marketing passport.
MaltaFinance and Banking
Finance Malta
Finance Malta
Article

EU Commission Classifies ChatGPT As A Search Engine: A Brief Look At What This Means

The European Commission has designated OpenAI's ChatGPT as a Very Large Online Search Engine, while Roblox and Reddit have been classified as Very Large Online Platforms under the Digital Services Act. These designations mark a significant development in EU digital regulation, particularly for AI systems, as all three services must now comply with stringent requirements including risk assessments, content moderation, and independent audits within four months.
European UnionMedia, Telecoms, IT, Entertainment
Mamo TCV Advocates
Mamo TCV Advocates
Article

No Free Rides On Reputed Marks: The CJEU’s Balancing Act Between Trademark Rights And Political Expression In Inter IKEA Systems v Vlaams Belang

The Court of Justice of the European Union has delivered a landmark ruling on whether political parties may invoke freedom of expression to justify using reputed trademarks in their campaigns. When Belgian political party Vlaams Belang adopted the IKEA trademark for its immigration reform programme, Inter IKEA Systems challenged the use, forcing European courts to balance intellectual property rights against fundamental freedoms. The judgment establishes a nuanced framework requiring case-by-case assessment
BelgiumIntellectual Property
Mamo TCV Advocates
Mamo TCV Advocates
Article

Strengthening EU Air Passenger Rights: The 2026 Reform Explained

The European Union has agreed on a major legislative reform to Regulation (EC) No 261/2004, introducing significant changes to air passenger rights across the EU. Set to enter force in August 2027, the reform strengthens existing protections while introducing new obligations for airlines, including proactive notification duties, enhanced rerouting requirements, and expanded protections for passengers with reduced mobility.
MaltaTransport
Mamo TCV Advocates
Mamo TCV Advocates
Article

EU AI Act Update: What Will Apply From 2 August 2026 And What Is Being Postponed?

The Council of the European Union has reached a provisional agreement on the Digital Omnibus Regulation, introducing significant amendments to the EU AI Act that will reshape compliance timelines and expand prohibited practices. Key changes include postponing high-risk AI system obligations to December 2027, accelerating transparency requirements for AI-generated content, and introducing new bans on non-consensual intimate imagery generation.
MaltaTechnology
Mamo TCV Advocates
Mamo TCV Advocates
Article

ESMA Publishes Its 2025 Corporate Reporting Enforcement And Regulatory Activities Report

The Malta Financial Services Authority has drawn attention to ESMA's 2025 Corporate Reporting Enforcement and Regulatory Activities Report, which outlines key enforcement priorities for listed companies' financial reporting. The report identifies common areas of supervisory focus across EU and EEA jurisdictions, emphasizing consistent application of IFRS standards and enhanced corporate reporting quality in European capital markets.
MaltaCorporate/Commercial Law
Mamo TCV Advocates
Mamo TCV Advocates