Commercial YachtsPleasure YachtsShippingIntroduction of the Small Commercial Yacht Code, 2024
March 28, 2024
Through the issuance of Commercial Yachting Notice 12 on 20 March 2024, the Merchant Shipping Directorate within Transport Malta introduced a tailor-made code for small commercial yachts registered under the Malta flag; the Small Commercial Yacht Code (sCYC). The development of this Code is testament to the importance of the smaller commercial yacht sector and...
The MFSA is proposing the introduction of a framework for Collective Investment Scheme (‘CISs’) structured as Limited Partnerships (‘LPs’) without separate legal personality into Maltese law, referred to as the Limited Partnership Funds (‘LPF’) framework, and has commenced a consultation process in this respect. The framework will be governed by a new regulation issued under the Investment...
Pleasure YachtsPublicationsVATUnderstanding the 12% VAT Rate on the Hiring of Pleasure Yachts
March 4, 2024
Following the publication of Legal Notice 231 of 2023 last October, a reduced VAT rate of 12% became applicable in relation to the hiring of pleasure yachts, effective 1 January 2024. The Malta Tax and Customs Administration (MTCA) has recently issued comprehensive guidelines in this regard in order for stakeholders to better understand the implementation...
Company M&ASeminars & ConferencesInsights from IBA’s 12th European M&A Conference 2024
February 19, 2024
At the recent International Bar Association’s 12th European Corporate and Private M&A Conference, David Zahra & Associates gained valuable insights into the evolving dynamics of the global M&A market, which is expected to show improvement in 2024 compared to the previous year. The conference, held in Paris between 7 and 9 February 2024, highlighted a...
ESMAPublicationsESMA Issues Warning for People Posting Investment Recommendations on Social Media
February 14, 2024
European Securities and Markets Authority (‘ESMA’) issued a warning for people posting investment recommendations on social media in an effort to raise awareness of the requirements established by MAR which apply when posting investment recommendations on social media and to also warn about the risks of market manipulation in such publications. All market participants are...
EUFinanceMaltaMFSAPublicationsMFSA Launches Survey on EU Sustainability Disclosures and Reporting Regime
February 9, 2024
The Malta Financial Services Authority (‘MFSA’) has initiated a survey to evaluate stakeholders’ experiences and perspectives regarding the disclosure and reporting obligations stemming from the European Union Sustainability Disclosures and Reporting framework. This survey encompasses various legislative documents, including the EU Taxonomy Regulation, Sustainable Finance Disclosure Regulation, Non-Financial Reporting Directive, Corporate Sustainability Reporting Directive, EU...
The Malta Financial Services Authority (‘MFSA’) issued a circular explaining the various amendments made to the Investment Services Rulebooks. In tandem with these amendments new rules have also been incorporated, most notably in relation to Subordinated Loan Agreements (‘SLAs’) falling under MiFID Part BI. This comes as a result of the requirement for license holders...
The Malta Financial Services Authority (“MFSA”) recently announced some changes to the Rulebook for Company Service Providers (the “Rulebook”), which came into effect on 23rd January 2024. These modifications are primarily concerned with the regulatory submission process for licensed Company Service Providers (“CSPs”). Notably, these changes will have implications for submissions due in 2024 and...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant