Outcome of Thematic Review Carried Out by MFSA in Respect of Trustees and Other Fiduciaries

Authors: Anthony Cremona
Published on February 4, 2016
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Practices: Trusts & Foundations
In the course of 2015, the Conduct Supervisory Unit (“CSU”) within the MFSA carried out a desk-based compliance review of roughly 50% of the authorised trustees and fiduciaries. They did this by issuing a detailed Thematic Review Questionnaire (“TRQ”) that focused mainly on corporate governance issues, with a focus on the Board of Directors and its relationship with shareholders and management.

UCITS V – ESMA Issues Q&As on Updating Fund Documentation

Authors: Mark Caruana Scicluna
Published on February 3, 2016
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Practices: Investment Funds, Investment Services Regulation
On 1 February 2016, the European Securities and Markets Authority (ESMA) released its questions and answers (Q&As) on the new UCITS V Directive. To the delight of stakeholders, ESMA has given UCITS and UCITS Management Companies considerable breathing space to update fund documentation ahead of UCITS V.

ECHR has ruled that employers can read workers’ private messages sent via chat software and webmail accounts during working hours

Authors: Julienne Bencini
Published on January 15, 2016
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Practices: Litigation, Arbitration & ADR
On the 12th January 2016, in Bărbulescu vs Romania (application number 61496/08) the European Court of Human Rights held that there had been no violation of Article 8 (right to respect for private and family life) of the European Convention of Human Rights.

Regulated Industry alert! MFSA publishes new Personal Questionnaire Form with effect from 01 December, 2015

Authors: Anthony Cremona
Published on December 22, 2015
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Practices: Financial Markets Regulation, Trusts & Foundations
With effect from the 1st December, 2015, the Malta Financial Services Authority (MFSA) – the single regulator for the financial services industry in Malta since 2002 - has published a revised version of the Personal Questionnaire Form.

New OECD Measures Are an Opportunity for Malta

Authors: Max Ganado
Published on December 17, 2015
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Practices: Corporate Finance, General Commercial & Contract Law, Taxation
This interview with Dr Max Ganado was first published on

The OECD's new measures on base erosion and profit shifting have caused much uncertainty for companies throughout Europe. However, as Malta already has a transparent tax system in place, this could prove to be a positive step, Max Ganado tells MaltaProfile.