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On 31 March 2020, the European Banking Authority (EBA) has issued a new statement on supervisory reporting and Pillar 3 disclosures in light of COVID-19.

On 21 July 2020, the European Council adopted conclusions on the EU recovery plan and multiannual financial framework for 2021-2027.

The Malta Bankers' Association (MBA) has been meeting regularly and keeping in constant touch with the Maltese authorities to provide its support in connection with the developing COVID-19 situation.

The OECD released a report addressing the tax implications of COVID-19 pandemic on cross-border workers and other related cross-border matters.

The European Securities and Markets Authority (ESMA) has just issued a public statement to promote coordinated action by National Competent Authorities (NCAs), including the Malta Financial Services Authority (MFSA)...

The European Securities and Markets Authority ("ESMA") just published a statement given the increase in trading activity involving retail clients throughout the COVID-19 pandemic.

Earlier this month the Malta Development Bank ("MDB") has launched the EU Commission-approved MDB COVID-19 Guarantee Scheme (the "Guarantee Scheme").

All financial market participants must be prepared to put their contingency plans into practice, including their business continuity measures, in order to ensure operational continuity in accordance with regulatory obligations.

With EU Member States accusing each other of not doing enough to help, the EU has finally reached some common ground that will go some way to lessen the impact Covid-19 has had on the block as a whole.

The CfR has announced that due to the current exceptional circumstances brought about by the COVID-19 pandemic it is increasingly difficult for Reporting Malta Financial Institutions to ensure operational continuity.

The European Securities and Markets Authority (ESMA) has published a public statement to promote coordinated action among national competent authorities (NCAs) due to the COVID-19 pandemic.

Against the backdrop of the COVID-19 outbreak, on 13th April 2020 the Government of Malta promulgated the Moratorium on Credit Facilities in Exceptional Circumstances Regulations (the "Regulations").

On 15 April 2020, the Malta Financial Services Authority (the "MFSA") issued a Circular to all Maltese credit institutions and foreign branches situated in Malta outlining COVID-19 measures on the timing of Supervisory Reporting.

Malta Enterprise has, in recent days, launched / extended a number of other measures intended to counter the economic impact of COVID-19 on a number of different levels.

On 25th March 2020, the Malta Business Registry (the "MBR") published an important notice on its website in relation to the following matters.

The Superintendent of Public Health has published the "Epidemics and Infectious Disease (Suspension of legal times relating to promise of sale agreements, notarial and related matters) Order, 2020".

On the 12th of May 2020, Legal Notice 192 of 2020 titled Companies Act (Company Reconstructions Fund) Regulations, 2020 (the "Regulations") was published.