Firm NewsMaltaSeminars & ConferencesDavid Zahra & Associates Advocates hosts the 46th Conference of the Alliance of Business Lawyers in Malta
May 30, 2024
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...
MaltaMFSAPublicationsGeneral Accounting Principles in respect of certain Eligible Entities Regulations, 2023 (LN 299 of 2023)
January 26, 2024
These regulations provide eligible insurance entities to apply an alternative accounting framework to the International Financial Reporting Standards adopted at EU level. MFSA have issued a circular in this regard – https://www.mfsa.mt/publication/circular-on-the-newly-published-accountancy-profession-general-accounting-principles-in-respect-of-certain-eligible-entities-regulations-2023-legal-notice-299-of-2023-gapee/
Identità Malta has introduced a new initiative, the Specialist Employee Initiative. The aim of this initiative is to accelerate the application process for highly skilled third-country nationals. Applications filed under this scheme are to be processed within fifteen (15) working days. In order to qualify under this initiative, one must satisfy the following criteria: Minimum...
The Employment Agencies Regulations of 2023 come into force 1st April 2024. The Regulations introduce a new regime for regulating the services provided by employment agencies, which were largely unregulated. These Regulations apply to employment agencies that provide recruitment services, temporary work services and/or outsourcing services. The Regulations impose mandatory licensing, applications for which will...
Malta has recently implemented changes to the Eighth Schedule of the Value Added Tax Act (Chapter 406 of the Laws of Malta), introducing a reduced VAT rate specifically applicable to the hiring of pleasure yachts. This modification, influenced by the adoption of Council Directive (EU) 2022/542 on April 5, 2022, marks a departure from the...
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© 2022 – DAVID ZAHRA & ASSOCIATES ADVOCATES
Designed and developed by Blonde and Giant
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