Welcome to the monthly capital markets update, a briefing from our capital markets practice area rounding up the month’s regulatory developments within the equity and debt capital markets and looking ahead to future developments.
Malta Update
UPDATE NUMBER 04/2024/01
In light of the emerging Regulation (EU) 2022/2554 on Digital Operational Resilience for the Financial Sector, entities under Capital Markets Supervision must classify their organization size as “Microenterprise”, “Small Enterprise”, “Medium-sized Enterprise”, or “Non-SME”.
Guidelines provided by the European Commission, namely the User Guide to the SME Definition and the SME Self-Assessment Questionnaire should be followed for this purpose.
Such entities are required to:
- classify their organisation size in their Corporate Profile on the Licence Holder Portal, by selecting the correct classification within the SME field; and
- fill and upload a self-declaration form, available here, beneath the SME field.
The classification selected within the SME field and the classification submitted within the self-declaration form must match.
The Corporate Profile within the Licence Holder Portal had to be updated by no later than 30 April 2024.
Notification of this update was sent to Simon and David via email on 24 April 2024.
European Union Update
There were no updates from a European Union regulatory perspective for the month of April 2024.
