News

The Malta Business Registry has announced that it has become a member of the Corporate Registers Forum, an association of international corporate registries. The association has the objective of providing its members with the latest developments relating to corporate business registers on an international level. The Corporate Registers Forum also aims to serve as a […]

By virtue of Merchant Shipping Notice 171, the Merchant Shipping Directorate announced that it has introduced the Passenger Yacht Code (the “PYC”), which came into force on 25th May 2021. The PYC is a result of consultation with various industry stakeholders. The PYC applies to passenger yachts which: – carry more than 12 and not […]

The Commercial Yacht – Pleasure Yacht Changeover Guidelines (the “Guidelines”) were issued by Transport Malta’s Merchant Shipping Directorate on 2 September 2021. The aim of the Guidelines is to shed light on the process involved in the changing of the registration status of a yacht registered under the Maltese flag from pleasure to commercial (and […]

The Malta Financial Services Authority (“MFSA”) has reacted to recent developments in Ukraine with two public notices issued on 22 February and 1 March 2022. The public notices remind all licence holders of their obligation to have effective systems and controls in place to ensure effective sanction screening of any person or entity named in […]

Amendments to the Protection of the Whistleblower Act (Chapter 527 of the Laws of Malta) (the “Act”) have come into force on 24 December 2021 by means of Legal Notice 500 of 2021 which brought into force the Protection of the Whistleblower (Amendment) Act, 2021. The scope of the amendments is that of transposing into […]