News & Events

MFSA publishes Feedback Statement on Malta’s AIFMD implementation measures

David Borg-Carbott - May 9, 2013 - Categories: Practice News
On 3 December, 2012 the Malta Financial Services Authority (MFSA) published its second Consultation Note regarding the proposed implementation of AIFMD including the proposed Standard Licensing Conditions (SLCs) for Alternative Investment Fund Managers (AIFM) and for custodians / depositaries of Alternative Investment Funds (AIFs). Our news item on this and a copy of the relevant Consultation Note can be found here. The MFSA has now published its Feedback Statement on the key issues raised during the consultation and noted that most of the industry’s suggestions were taken on board.

MFSA Issues Report on the 2012 Standard Formula Exercise for Solvency II

GANADO Advocates - May 6, 2013 - Categories: Other News
On the 30th of April 2013, the Malta Financial Services Authority (the “MFSA”) issued a report on the 2012 MFSA Standard Formula Exercise for Solvency II. This report summarises the results of the calculation of the standard formula for re/insurance undertakings that participated in the 2012 MFSA standard formula exercise.

Malta’s Banking Sector is Robust and Stable

GANADO Advocates - April 2, 2013 - Categories: Other News
Malta contributes actively to these institutions’ (ESRB and ESA's) oversight activities which have included the stress-testing of systemically important banks. Furthermore, the national financial regulatory and supervisory system is regularly subject to assessments by international organisations including the EU and the IMF.

MFSA issues consultation on proposed Rulebook for Malta Alternative Investment Funds

David Borg-Carbott - March 29, 2013 - Categories: Practice News
On 26th March, 2013, the Malta Financial Services Authority (MFSA) issued a consultation note regarding the proposed introduction of a rulebook (the Rulebook) applicable to Alternative Investment Funds (AIF). This is the MFSA’s fourth consultation regarding the implementation of the Alternative Investment Fund Managers Directive (AIFMD) (and barring one regarding the ESMA remuneration guidelines, potentially the last major one). The consultation period runs until 26th April, 2013.

Small states reject Cyprus comparisons

GANADO Advocates - March 28, 2013 - Categories: Other News
Financial Times makes reference to the comments by the Central Bank of Malta Governor in an article entitled Small states reject Cyprus comparisons.