GANADO Advocates will be participating in a seminar with the theme "Setting up a reinsurance SPV & listing of Insurance-Linked Securities in Malta."
News & Events
On 20 March 2014 the European Parliament and the Council of the EU reached political agreement on the Commission proposal for a Directive on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features (the “Bank Account Directive”).
After a 3 month consultation period which saw the active participation of several stakeholders (including GANADO Advocates), the Malta Financial Services Authority ("MFSA") published the final set of rules (the "Rules") for company service providers.
On 2 April, 2014 the Malta Financial Services Authority (MFSA) issued a new set of Investment Services Rules (the Lending Rulebook) applicable to collective investment schemes ‘investing through loans’ (Lending Funds).
EIOPA has requested market participants and (re)insurance stakeholders to provide their feedback on (1) the first set of draft Implementing Technical Standards (“Draft ITS”) and (2) the draft Guidelines on the Operational Functioning of Colleges of Supervisors (“Draft Guidelines”).
Regulation (EU) No 248/2014 (the “Regulation”) amending Regulation (EU) No 260/2012 (the “SEPA Regulation”) as regards the migration to Union-wide credit transfers and direct debits has been published in the Official Journal of the EU.
On 6 February, 2014 the Malta Financial Services Authority (MFSA) published its first set of frequently asked questions (FAQs) on the Alternative Investment Fund Managers Directive (AIFMD) and Malta’s implementation of AIFMD.
On the 20th of March 2014, political agreement was reached between the European Parliament and the Council on the text of the Single Resolution Mechanism (“SRM”) Regulation.
Apart from regulating company service providers comprehensively for the first time, the Company Service Providers Act, 2013 also amended (effective end of 2013) the Companies Act, Cap.386.
Possible Surge in Insurance Take-Up as EP Votes in Favour of Network and Information Security DirectiveGANADO Advocates - March 17, 2014 - Categories: Other News
The European Parliament (EP) has adopted the draft Network and Information Security Directive, commonly referred to as the Cyber Security Directive.