During her visit, a number of themes relevant to the stakeholders involved were discussed.

In view of the decision taken by UK voters to leave the European Union, the article also considers the potential benefits for Malta following such vote.

Malta is required to transpose PAD by 18 September 2016 in order to meet its treaty obligations and avoid the risk of facing legal proceedings as a result of infraction.

The European Council reached an agreement with the European Parliament on a set of rules aimed at improving safety in the securities settlement system.

Malta joined the euro area in 2008 in order to further enhance its macroeconomic and financial stability, and to contribute to the stability of the euro area-wide economic and financial system.

In one of the first reviews of the Maltese economy and financial system this year, credit rating agency Standard and Poor’s has confirmed its present rating and stable outlook.

In spite of the global economic crisis, the country’s financial services industry has continued to expand and to be instrumental in the economic development of our country, to job creation, and to the building of a competitive infrastructure for the Island’s financial services industry.

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.

As part of Malta's drive to introduce capital markets activity, legislation for Re-insurance Special Purpose Vehicles was enacted and the PCC concept was extended to the Reinsurance Special Purpose Vehicles.

Credit rating agency Standard and Poor's has revised Malta's economic outlook from 'stable' to 'positive' in a move which will strengthen Malta's position as an ideal investment location...

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.

The MFSA has launched a public consultation on amendments to the Insurance Rules issued under the Insurance Business Act.

The Malta Financial Services Authority announces the appointment of its Board of Governors.

Air travellers received a taste of what Malta has to offer through an in-depth review published in last month’s edition of "Lufthansa Inflight Magazine".

This company, having registration number C-27129 and operating from ‘Deber', Nigret Road, Zurrieq, and which holds a Category 2 investment services licence issued by the MFSA.

The MFSA and the Maltese financial services jurisdiction was featured in a Special Reportage published in this month's special edition of Invest'News published by Voxia.

The Maltese financial services jurisdiction, particularly the insurance sector, was extensively reviewed in the first of a new series of domicile reports published by Commercial Risk Europe.

The Malta Association of Compliance Officers (MACO) was launched for the purpose of providing networking opportunities and continuous professional development to its members.

The updated Personal Questionnaire Form together with the amended Rules effective from 1 December 2015 can be accessed through the Authority's website.

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.