The Malta Financial Services Authority (MFSA) has published the final draft of regulations on securitisation cell companies that are set to become law before the end of the year.
News & Events
The 31st October 2014 is the deadline for notifications to the MFSA in relation to the following:
The European Commission ('EC') has published a Delegated Regulation (including 26 Annexes), also referred to as the Implementing Measures, for the Solvency II Directive, as amended, on 10 October 2014.
GANADO Advocates will be participating in a seminar with the theme "Setting up a reinsurance SPV & listing of Insurance-Linked Securities in Malta."
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”).
On 26 February 2014, the European Parliament (EP) adopted in plenary the proposed text of the recast Insurance Mediation Directive (IMD II). The new Directive is set to introduce some significant developments to the rules governing the selling of insurance products across the EU.
GANADO Advocates Partner Richard Ambery (Securitisations and SPV's) will be participating in the SIFMA's annual Insurance-and-Risk-Linked Securities Conference.
The Economic and Monetary Affairs (ECON) Committee has voted in favour of the final draft wording of the Insurance Mediation Directive (IMD II). The next step is for the new Directive to be debated before the EU Parliament in a plenary session between 24 – 27 February, 2014.
On 16 December 2013, the Government of Malta announced the signature of the FATCA Inter-governmental Agreement (IGA) between Malta and the United States. As announced back in July 2013, the IGA negotiated and agreed by Malta follows the Model 1 IGA (reciprocal version).
Malta’s financial services regulator, the Malta Financial Services Authority, has signalled its willingness to fast-track applications for structures issuing insurance linked securities, provided timeframes are agreed with participants in advance and accurate and complete information is provided at every stage of the structuring and documentation process.