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Amendments to the Merchant Shipping (Maritime Labour Convention) Rules (Legal Notice 145 of 2013) will transpose the 2014 Amendments to the Code of the Maritime Labour Convention issued by the ILO.

The Consumer Complaints Unit Annual Report for 2014 was published this month, featuring extensive details on the operations, major initiatives and key challenges faced by the Unit throughout the year.

The recent reform in UK pension law allowing British retirees to withdraw all their savings as a lump sum has shaken the deep-rooted UK pension industry...

The MFSA issued a Notice to Financial Services Licence Holders informing them on the FATF identifying jurisdictions with strategic deficiencies.

This Circular is being addressed to all market participants which enter into Derivative Contracts as defined under EMIR1.

In 2014, mixed funds attracted the largest net inflows with almost €122 million, followed by bond funds and diversified funds at €105 million and €101 million respectively.

The consultation process will run until the 15th January 2016 wherein the MFSA will consider all comments received from stakeholders.

"Malta is expected to have exceeded its fiscal objective again in 2017, resulting in a faster-than-expected fall in its public debt ratio to 53.6% of GDP.

The MFSA has decided to adopt a staggered approach to the transfer of conduct supervision from the various supervisory units to the Conduct Supervisory Unit.

When the AIFMD was adopted, no harmonised definition of "closed-ended" Alternative Investment Funds was provided within the Directive’s text.

The International Monetary Fund’s annual Article IV report on Malta confirmed the stability of Malta as a financial services jurisdiction.

The MFSA has issued a Notice regarding applicants for a Category 2 or Category 3 Investment Services licence that would like to carry out online forex trading.

The Notices set out the criteria that will be applied by the MFSA in assessing the licence applications of entities that would like to carry out either online forex or binary options trading respectively.

When providing investment advice or portfolio management services, licence holders are to assess the whether a particular product is suitable for a client or potential client.

By virtue of two legal notices published on the 8th of July, the High Net Worth Individuals Rules (HNWI Rules) have now been amended to reflect the Global Residence Programme threshold, both in terms of tax and property value (be it purchase or lease), and a new special tax status is presented.

This month's edition of Reactions looked at Malta's main selling points, and discussed with MFSA Chairman Prof Joe Bannister the latest development in the sector.

In cooperation with the EIOPA, the MFSA has launched a thematic review of market conduct addressed at insurance undertakings operating in the unit-linked life insurance market.