The recently implemented Corporate Services Providers (CSPs) Rulebook has introduced a new dimension of regulatory obligations on CSPs. The Rulebook emphasises on the importance for CSPs to implement a robust and comprehensive risk management framework proportionate to the nature, scale and complexity of their business.… Read More »Enhanced Risk Management Responsibilities for CSPs
On 15th June 2021, the European Central Bank (ECB) launched a public consultation on the draft of a revised and more comprehensive version of its Guide to fit and proper assessments and a new Fit and proper questionnaire. The new versions will eventually replace the existing guide… Read More »ECB Launches Consultation on its Revised Guide to Fit and Proper Assessments
A new website, StartinMalta.com, has been launched in collaboration with Malta Enterprise to assist local and foreign start-ups establish themselves and expand in Malta. It is a governmental initiative aimed to strenghten the Maltese startup ecosystem, for this to be the birthplace of many more… Read More »New website launched to assist Start-Ups in Malta
05th May 2021 What are cookies and how do they effect data protection? Cookies are files stored on a computer’s browser by websites which can be used for various purposes, often related to marketing or advertising. Their use is widespread among organisations across all industries… Read More »Google vows to stop web tracking with cookies
Previously exempted individuals and entities have to register for MFSA authorisation by 16 May 2021 As of the 16th March 2021, the Malta Financial Services Authority (MFSA) started receiving applications for authorisation in terms of the Company Services Providers (CSP) Act. This applies to individuals… Read More »Process for Authorisation of Company Service Providers Underway
16th April 2021 The industry Over the recent years, the medical use of cannabis gained traction and steady growth due to patients’ interest in its application to treat a plurality of medical conditions. The effects are known to be beneficial and provide some relief to… Read More »Medical Cannabis Industry in Malta
The MFSA recently published updates on the priority areas of focus for supervision for this year and highlighted that the overarching focus shall be on corporate governance and financial crime compliance. Following careful consideration of the market environment and regulatory developments, the MFSA identified the… Read More »MFSA Supervision focus for 2021
The application process to obtain a license and become a regulated entity is onerous and lengthy. The process can however be facilitated if the applicant understands what regulators are looking for in the application. At that point, the applicant must have or procure the knowledge… Read More »A guide to obtaining a License for a regulated entity in Malta
The Malta Development Bank (MDB) was set up by the Government of Malta with the strategic objective of offering financing facilities that support productive and viable operations where the market is unable or unwilling to accommodate such activities on its own in whole or part. … Read More »Malta Development Bank incentives for SMEs