Publications

COVID-19: Mergers and Acquisitions must continue to be notified to the Office for Competition where the notification obligation under the Control of Concentrations Regulations applies

Authors: Sylvann Aquilina Zahra, Clement Mifsud-Bonnici
Published on March 26, 2020
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Practices: Mergers & Acquisitions
Background

The Control of Concentrations Regulations (S.L. 379.08) require the parties to a merger or acquisition to notify their transaction to the Office for Competition (OC) where the transaction brings about a lasting change of control and when in the preceding financial year:

The Public Health Amendment Act (Act X of 2020)

Authors: Adrian Camilleri
Published on March 26, 2020
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On the 25th March 2020, the Maltese parliament enacted Act X of 2020 (the “Amending Act”) intended to amend the Public Health Act (the “Principal Act”), in so far as a new proviso was added to article 27 of the Principal Act (which article grants certain powers to the Superintendent of Public Health including that of making orders) which reads as follows:

MFSA Notice to Consumers

Authors: Ria Micallef
Published on March 26, 2020
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Practices: Investment Funds
On 24 March 2020, the MFSA issued a circular providing information to the general public on consumer protection measures being taken by the Authority in relation to COVID-19. The MFSA re-assured consumers that it is closely monitoring and engaging with regulated entities to understand any potential impact of COVID-19 on the entities’ business and their clients. The MFSA stressed the importance of the paramount principle, which is applied across all financial services practice areas, of ‘always treating customers fairly.’

The Recording of Telephone Conversations under MiFID II: Clarification by ESMA

Authors: Bettina Gatt
Published on March 25, 2020
The COVID-19 pandemic has spread like wildfire; it has created difficulties across the globe and has effected not just our economies, but also our societies, healthcare and financial institutions, all of which have had to acclimatise to this global crisis in somewhat of a “pressurised” manner. The European Securities and Markets Authority (“ESMA”) is one of the institutions which has had to adapt and cater for the challenges which many financial institutions are facing amid the COVID-19 pandemic.