ArticleConflicts Of Interest For CASPs Under MiCAThe European Securities and Markets Authority (ESMA) recently published its Final Report covering conflicts of interest for crypto-asset service providers (CASPs).European UnionTechnologyGanado Advocates
ArticleNo Licence, No Party: ESMA’s Latest Statement On MiCA TransitionThe European Securities and Markets Authority has drawn a definitive line in the sand for crypto-asset service providers operating in the EU. With the July 1, 2026 deadline approaching...European UnionTechnologyGanado Advocates
ArticleUpdate Of CSSF FAQs With Respect To PRIIPs KIDsOn 28 December 2023, the Commission de Surveillance du Secteur Financier (the "CSSF") has updated the following FAQs with respect to PRIIPs KIDs...LuxembourgFinance and BankingGanado Advocates
ArticleCapital Markets Update: MFSA Publishes Good Practice Recommendations For AGMs And EGMs For Listed EntitiesThe MFSA has published a circular outlining a number of recommendations which Maltese listed entities should consider when planning remote general meetings. MaltaCorporate/Commercial LawGanado Advocates
ArticleDo Not Listen With Half An Ear On H&S MattersIn a recent judgment Gibson vs Lothian Leisure (29.01.2021) the UK Employment Tribunal discussed and concluded that an employee (a chef) had been unfairly dismissed for raising concerns...MaltaEmployment and HRGanado Advocates
ArticleCapital Markets Update: The Malta Stock Exchange Introduces The MSE Green MarketIn support of Malta's and the European Union's (the "EU") commitments to the promotion of sustainable finance and investments, the Malta Stock Exchange (the "MSE") announced that...MaltaFinance and BankingGanado Advocates
ArticleCSP Rulebook UpdateOn the 23rd of January 2024, the Malta Financial Services Authority (the "MFSA") released a circular, wherein it announced certain changes...MaltaFinance and BankingGanado Advocates
ArticleELTIF 2.0 Published In The Official Journal Of The European UnionOn 20 March 2023, Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements of pertaining to the investment policies...MaltaFinance and BankingGanado Advocates
ArticleESMA Postpones Annual IFRS Amendment Of ESEF To 2024On the 10th May 2023 ESMA announced its decision to postpone to 2024 the 2023 annual IFRS amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS).MaltaFinance and BankingGanado Advocates
ArticleESMA Publishes A Public Statement Addressed To Fund Managers In Light Of The Impact Of Russia's Invasion Of Ukraine On Funds Under ManagementOn the 16th May, 2022, the European Securities and Markets Authority published a public statement entitled, "Actions to manage the impact of the Russian invasion of Ukraine on investment fund portfolios".MaltaFinance and BankingGanado Advocates
ArticleImplementation Of SFDR – European Commission Launches ConsultationOn 14 September 2023, the European Commission launched a public consultation as well as a targeted consultation to seek feedback on the implementation of the Sustainable Finance Disclosure Regulation...MaltaFinance and BankingGanado Advocates
ArticleMFSA Circular On Listing Application ProcedureThe Malta Financial Services Authority has published a circular with some updates on the procedures to be followed when seeking approval for admissibility to listing on a regulated market, and for prospectus approvals (the "Circular").MaltaFinance and BankingGanado Advocates
ArticleMFSA Issues Circular Making The Appointment Of Independent Non-Executive Directors Mandatory For Insurance Agents, Insurance Brokers And Retirement Scheme AdministratorsOn November 7th, 2023, the Malta Financial Services Authority ("MFSA") issued a Circular addressing the structure and composition of the Board of Directors of certain licensed entities (the "Circular").MaltaFinance and BankingGanado Advocates
ArticleMFSA Launches Consultation Process Covering Chapter 2 Of The VFA RulebookThe Malta Financial Services Authority ("MFSA") has kept the momentum going ahead of the implementation of the Markets in Crypto-Asses Regulation ("MiCA").MaltaFinance and BankingGanado Advocates
ArticleMFSA Launches Framework For Notified PIFsFollowing an extensive consultation period commencing in December 2022 the MFSA announced the launch of the Notified Professional Investor Fund ("Notified PIF") regime.MaltaFinance and BankingGanado Advocates
ArticleMFSA Publishes Circular Regarding The Application Of Article 17 Of The Sustainable Finance Disclosure RegulationOn the 12 March 2021, the MFSA issued a circular confirming that it would not be availing itself of the option afforded to it under Article 17(2) of Regulation (EU) 2019/2088..MaltaFinance and BankingGanado Advocates
ArticleMFSA Publishes Template For Reporting Share Buy-BacksIn terms of the EU Market Abuse Regulation (MAR), issuers may acquire their own shares without any concern of engaging in insider dealing and/or market manipulation, provided that they follow the requirements set out in article 5. MaltaFinance and BankingGanado Advocates
ArticleLandmark Judgement – Administrative Fines Issued By FIAU Deemed UnconstitutionalIn a judgement that was decided on 30th March 2023, the Maltese Constitutional Court declared that administrative fines issued by the Financial Intelligence Analysis Unit ("FIAU")...MaltaGovernment, Public SectorGanado Advocates
ArticleSocial Security Contributions When Working On EU-Registered YachtsThe payment of social security is an area that is still unfortunately not given the importance it deserves when it comes to crew members working on board yachts.MaltaTechnologyGanado Advocates
ArticleThe International Maritime Organization Designates The Mediterranean Sea As A Sulphur Emission Control AreaDuring the 79th session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) amended Annex VI (Prevention of Air Pollution from Ships)...MaltaTransportGanado Advocates