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
There were no updates from a Maltese regulatory perspective during the month of November 2023.
European Union Update
UPDATE NUMBER 11/2023/01
On 13th November 2023, the European Financial Reporting Advisory Group (“EFRAG”) launched a European Sustainability Reporting Standards (“ESRSs”) Q&A platform.
The Corporate Sustainability Reporting Directive (“CSRD”), which entered into force on 5 January 2023, expands the scope of the Non-Financial Reporting Directive (“NFRD”) and further promotes sustainable activities within the EU. The European Commission appointed EFRAG as the technical adviser for formulating the ESRSs which are the basis for reporting information in terms of the CSRD.
The aim of the Q&A Platform is to continue supporting the implementation of the ESRSs and enhancing the quality, comparability, and relevance of sustainability information disclosed by EU companies. The Q&A platform allows stakeholders to raise technical questions on ESRSs which may otherwise remain unresolved.
The MFSA has made available the email address transparency@mfsa.mt for any queries issuers may have in this respect.
