Publications

Health data processed for insurance purposes – amendments to the Subsidiary Legislation 586.10

Authors: Philip Mifsud, Erika Gabarretta
Published on April 13, 2020
Practices: Data Protection & Privacy
On 27th March 2020, Legal Notice 107 of 2020 was enacted for the purposes of amending the Processing of Data Concerning Health for Insurance Purposes Regulations (‘‘Subsidiary Legislation 586.10’’). These amendments were very much anticipated and serve to clarify the conditions under which ‘data concerning health’ can be processed for insurance business and insurance distribution purposes in accordance with Maltese data protection laws.

COVID-19: Suspension of Legal and Judicial Times Regulations

Authors: Saman Bugeja
Published on April 13, 2020
Following the indefinite closure of the Courts of Justice due to the COVID-19 Pandemic in terms of the Closure of the Courts of Justice Order, 2020 (as amended by Legal Notice 97 of 2020), the Maltese Government has recently adopted Legal Notice 141 of 2020 in relation to the suspension of legal and judicial times (the “Regulations”).

Street Hawking of Local Agricultural Produce in the time of COVID-19: Temporary Licensing and Distance Rules

Authors: Annalise Papa
Published on April 13, 2020
Following amendments in 2017, the Trading Licences regime in Malta was re-focused to apply to a leaner list of commercial activities taking place in Malta. Street Hawking remained one of the few activities requiring a licence in terms of this regime such that one cannot act as a street hawker (i.e. sell by retail from any street by means of a vehicle or render a service other than an open air market) without such licence.

Social Welfare Service Emergency Licences

Authors: Annalise Papa
Published on April 13, 2020
In testing times when everyone is ‘mobilising’ to do their part to battle COVID-19, our legislator has taken cognisance of those who are willing and already equipped to provide certain care services to start doing so legally.

COVID-19: MFSA updates to the Maltese Capital Markets

Authors: Beppe Degiorgio
Published on April 9, 2020
Tags:
Practices: Capital Markets
Following the outbreak of the COVID-19 pandemic which has wreaked havoc across the global economy, including Malta, the Malta Financial Services Authority (MFSA) has been continuously engaging with the Malta Stock Exchange as the operator of the only licensed Regulated Market in Malta (MSE) to monitor the impact of COVID-19 on our Regulated Market.

MFSA issues Circulars to LSIs and FIs regarding the Timing of Regulatory and Statutory Reporting

Authors: Caroline Gauci
Published on April 9, 2020
Practices: Banking Regulatory
Further to the Circular on Timing of regulatory reporting due to the outbreak of COVID-19 which was issued by the MFSA on 20 March 2020 to outline the applicable extensions for each sector, the MFSA has issued two additional circulars on 06 April 2020, namely: (a) Circular to Less Significant and Financial Institutions on timing of Regulatory Reporting; and (b) Circular to Financial Institutions outlining COVID-19 measures on Timing of Statutory Reporting, to communicate further extensions to Less Significant Institutions (LSIs) and Financial Institutions (FIs).

COVID-19: Capital Markets Update – More Extensions of Reporting Deadlines (MFSA circular)

Authors: Beppe Degiorgio
Published on April 8, 2020
Practices: Capital Markets
Due to the disruption brought about by the COVID-19 pandemic, ESMA recently issued a public statement, asking National Competent Authorities (including the MFSA) not to prioritise supervisory action against issuers for a period of 2 months from the reporting deadline in the case of annual financial reports (and for a 1-month period in the case of interim financial reports). In this connection, the MFSA recently informed the market that the Listing Authority will reconsider its policy to suspend trading of listed securities when an issuer fails to publish timely financial statements.

Recovering from COVID-19

Authors: George Bugeja
Published on April 7, 2020
Practices: Corporate
COVID-19 has taken the world by surprise from all aspects of life. Just like scientific research is struggling to catch up with the spread of this virus, the business community is fighting to survive. All business plans which may have been in place up till a few months ago are no longer applicable, and businesses are now looking at contingency plans instead, struggling to cope with the new circumstances they are now facing.