The Investment Services Act (Special Limited Partnership Funds) Regulations (the “Regulations”) introduced a new structure for investment funds in Malta, a limited partnership without a separate legal personality, a significant addition to the fund structuring solutions available in Malta. This article provides a...
The Asset and Wealth Management (“AWM”) industry landscape remains in constant evolution. Realities such as digital transformation, ever increasing regulation and changes in investor expectations, are undoubtedly creating more complexities. With these shifts in approach and thinking, traditional capital raising...
Globally, private equity keeps showing huge potential for growth notwithstanding supply-chain, inflation and interest rate uncertainty. Several recent proposals to build on Malta's accessible and flexible fund infrastructure as well its cost effectiveness, mean that Malta continues to retain its relevance in this...
The Digital Finance Package, which includes a digital finance strategy and legislative proposals on (i) crypto-assets; (ii) digital resilience and (iii) a renewed retail payments strategy, was adopted by the European Commission in 2020. This package seeks to ensure that the European Union (EU) is fit for the digital...
Packaged retail investment and insurance products (PRIIPs) cover the range of investment products marketed to retail investors. PRIIPs include the following: Structured financial products, such as options, which are packaged in insurance policies, securities or banking products; Financial products whose value is...
ESMA’s Sustainable Finance Roadmap (SFR) builds on its Strategy on Sustainable Finance (SSF) established in February 2020, and identifies priority areas and related actions in sustainable finance for the period 2022 - 2024.
The recent amendments to the MiFID II Delegated Regulation seek to integrate sustainability preferences in advisory and portfolio management processes to ensure that investment firms take such preferences into account. Accordingly, when performing suitability assessments, firms are required to assess client’s...
The IFR/IFD package will become applicable on 26 June 2021. The below timeline summarises the regulatory development of this framework and the main areas where investment firms should expect change.
On 3 January 2022, the European Securities and Markets Supervision (ESMA) issued Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements (the Guidelines). This framework is an important element of investor protection in the case of the provision of non-advised services (i.e....
