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The European Union promoted the concept of e-money alongside massive strides in technology to bolster the status of e-commerce in Europe and Malta was one of the first EU Member States to allow standalone Electronic Money Institutions (EMIs) based upon an attempt to remove the unnecessary rigidity surrounding this market.

In the coming weeks, Malta is launching the world's first legal framework for the creation of a regulatory body to regulate services in the sectors of Blockchain, Artificial Intelligence, and IOT devices.

The European Central Bank has published the results of the comprehensive assessment exercise undertaken on 130 banks located in 19 Member States.

After the entry into force of the Securitisation Cell Companies Regulations, 2014 (L.N. 411 of 2014), the MFSA had processed the Notification of one Parent SCC namely, Primus Global Securities Investment SCC plc.

It is also being proposed to issue a number of new regulations transposing specific provisions of the Solvency II Directive.

The international economic situation over the last year was dominated by geopolitical tensions, weak economic activity, slow-down in global output, and unfavourable business and consumer confidence.

On the 10th of March 2015 the MFSA published a consultation paper on the regulatory approach applicable to collective investment schemes licenced as professional investor funds and alternative investment funds.

The World Economic Forum’s annual competitiveness report has confirmed Malta’s place as one of the world’s top financial jurisdictions.

Influential business newspaper The Economic Observer has this month put its spotlight on the Maltese economy, looking at different sectors of growth.

Malta's commitment to the fight against money laundering and the funding of terrorism is firmly rooted in the country's interest in safeguarding its role as a reputable financial services centre.

A revamped permanent residency scheme will be unveiled at the end of the month, Prime Minister Joseph Muscat said this morning.

The MFSA issued a consultation document proposing the introduction of external auditing requirements for certain quantitative reporting templates that will form part of the Solvency Financial Condition Report.

In less than ten months, the Insurance Distribution Directive (‘IDD') will be repealing the current Insurance Mediation Directive regulating the activities of insurance undertakings, insurance intermediaries and insurance ancillary intermediaries.

This report complements the statistics that have been published by the MFSA for the general and long-term insurance and reinsurance business of undertakings with head offices.

The shipping registry in Malta is acknowledged today to be the fifth largest registry in the world and one of the largest within the European Union. But until recently, Malta only registered ships and private yachts under the Maltese Flag and no provision was made for the registration of Commercial Yachts.

An in-depth review of different sectors within the Maltese economy found that the financial industry warranted a clean bill of health.

The NAIF, Ventura SICAV plc was notified to the MFSA, and is managed by Abalone Asset Managers in terms of the Investment Services Act (List of Notified AIFs) Regulations.