Category: News

The transposition of the EU Work Life Balance Directive into Maltese Law: An enhancement in entitlements within the Parental Sphere

The beginning of August shall usher in new rights for all new working parents, or prospective parents, with the EU Work Life Balance Directive being set to be transposed into Maltese law. These amendments are aimed towards modernising already existing laws and policies, by improving access to family and flexibility arrangements, whilst addressing women’s underrepresentation […]

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MFSA Circular on Buy-Back Programmes in terms of the Market Abuse Regulation

On 23rd June 2022, the Malta Financial Services Authority (the “MFSA”) published a circular addressed to issuers whose financial instruments are admitted to trading on a trading venue, or for which a request for admission to trading thereon has been made (“Issuers”). The circular is focussed on buy-back programmes within the context of the EU’s […]

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Camilleri Preziosi contributes to Global Legal Insights – AI, Machine Learning & Big Data 2022

Camilleri Preziosi has contributed the Maltese chapter of the AI, Machine Learning & Big Data 2022 guide published by Global Legal Insights. The guide, authored by Ron Galea Cavallazzi, Sharon Xuereb and Alexia Valenzia (with contributions made by Jake Camilleri), covers matters relating to the regulation of artificial intelligence, machine learning and big data, including […]

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MFSA announces changes to the Investment Services Rulebooks

On the 29th of March 2022, the Malta Financial Services Authority (“MFSA“) issued a circular to the industry in which several amendments to the Investment Services Rulebooks were detailed. Such amendments cover the following: Amendments to the ISR ISP Part BI Transparency Provisions Minor changes have been introduced to the section ‘Transparency provisions’ of the ISR […]

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Camilleri Preziosi Partners Malcolm Falzon and Kirsten Debono Huskinson at the IFSP Annual Conference

The Institute of Financial Services Practitioners will be holding its Annual Conference with the theme Revitalising Financial Services in Malta, on 7 April 2022. Malcolm Falzon will be participating in a panel discussion on the proposal for a Corporate Governance Code for MFSA-licensed a entities, whereas Kirsten Debono Huskinson will be part of a panel addressing […]

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The Principle of Proportionality may entail a duty to seek clarification

The Public Contracts Review Board (the “PCRB”), in Cases 1653[i] and 1656[ii], reaffirmed that in certain circumstances a contracting authority has an obligation to seek clarification from the bidder or a third party (as applicable) in accordance with the principle of proportionality. In Case 1653, Evolve Ltd appealed against the rejection of its offer in response […]

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Sanctions focus: Russian invasion of Ukraine

The Russian invasion of sovereign and independent Ukraine is subject to ongoing global condemnation. In response to the attack, the international community has formed a united front and introduced significant, damaging sanctions on the Russian state, its government, members of parliament, banks, oligarchs and other closely associated individuals and entities. On 23rd February 2022, the Council […]

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Revised Banking Rule BR/23 on Reporting and Disclosure of Exposures

On the 27 February 2022, the Malta Financial Services Authority issued a circular informing the banking sector that it revised Banking Rule BR/23 on Reporting and Disclosure of Exposures subject to Measures applied in response to the COVID-19 Crisis (the “Rule”). The Rule has been revised to fully align its proportionality measures with those stipulated […]

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MFSA Issues new Crowdfunding Rules

On the 25th January 2022, the Malta Financial Services Authority (the “MFSA”) issued new Crowdfunding Rules in terms of the Malta Financial Services Authority Act (European Crowdfunding Service Providers for Business) Regulations (Subsidiary Legislation 330.15). The Crowdfunding Rules implement the requirements of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European Crowdfunding […]

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Moneyval: AML/CFT supervision during the COVID-19 pandemic

On the 25th of January 2022, MONEYVAL released a typologies report entitled ‘AML/CTF supervision in times of crisis and challenging external factors’[1]. The report provides best practice measures for effective supervision during crises, aimed at addressesing anti-money laundering and counter terrorist financing (AML/CTF) risks and difficulties triggered by the pandemic, including operational limitations, notably limited human resources […]

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