Welcome to PwC Malta’s Regulatory Updates - giving a recap for this month of the main legislative updates and key regulator activity.
05/07/2021 - Second 12-Month Review of Revised FATF Standards on Virtual Assets and VASPs
Link to the document can be found here.
July 2021 - Stocktake on Data Pooling, Collaborative Analytics and Data Protection
Link to the document can be found here.
July 2021 - FATF Report on the Opportunities and Challenges of New Technologies for AML/CFT
Link to the document can be found here.
08/07/2021 - MFSA Releases a Cross-Sectoral Self- Assessment Questionnaire on ICT and Cybersecurity Risks Management for Securities and Markets
Link to the document can be found here.
13/07/2021 - ESMA Publishes an Update of the ESEF Reporting Manual
Link to the document can be found here.
16/07/2021 - Circular on Regulation No 648/2012 (‘EMIR’) and Regulation No 2015/2365 (‘SFTR’)
Circular can be found here.
19/07/2021 - Circular on the updates effected to Part B of the Investment Services Rules for Alternative Investment Funds
Circular can be found here.
19/07/2021 - ESMA Consults on Amendments to Market Abuse Regulation (‘MAR’) Guidelines on Delayed Disclosure of Inside Information
Link to the document can be found here.
22/07/2021 - Changes to Appendix 2B Fund Manager Return triggered by the Investment Firms Regulation and Directive (“IFRD”)
Link to the document can be found here.
29/07/2021 - Coming into Force of the Cross-Border Distribution of Funds (“CBDF”) Directive and Regulation
Link to the document can be found here.
02/07/2021 - ESMA and EBA Publish Final Guidance on Fit and Proper Requirements
Link to the document can be found here.
15/07/2021 - ESMA Publishes Disclosure and Investor Protection Guidance on SPACs
Link to the document can be found here.
20/07/2021 - New Q&As Available
Link to the document can be found here.
21/07/2021 - ESMA Highlights Areas for Improvement in Compliance with MIFID II Suitability Requirements
Link to the document can be found here.
08/07/2021 - Transposition and Implementation of the CRDV Package
Link to the document can be found here.
01/07/2021 - EBA provides clarification on the implementation of the new prudential regime for investment firms
Link to the document can be found here.
02/07/2021 - EBA publishes its final revised Guidelines on sound remuneration policies
Circular can be found here.
15/07/2021 - EBA consults on the draft Guidelines on the limited network exclusion under the revised Payment Services Directive
Circular can be found here.
02/07/2021 - Circular Addressed to authorised company service providers in terms of the Company Service Providers Act ) (Cap. 529 of the Laws of Malta) as amended by Act L 0f 2020
Circular can be found here.
16/07/2021 - The Nature and Art of Financial Supervision (Conduct Supervision - Product Oversight and Governance (POG) Requirements)
Link to the document can be found here.
20/07/2021 - Conduct of Business Rulebook Revisions
Link to the document can be found here.
22/07/2021 - Marketing campaigns in relation to financial products or services linked to rewards or giveaways
Link to the document can be found here.
22/07/2021 - ESMA Opinion on the Product Intervention Measures relating to Turbos proposed by the Dutch Authority for the Financial Markets (AFM)
Link to the document can be found here.
22/07/2021 - ESMA warns firms and investors about risks arising from payment for order flow and from certain practices by “zero-commission brokers"
Link to the document can be found here.
23/07/2021 - European Securities and Markets Authority: Updates
Link to the document can be found here.
29/07/2021 - Consultation on Guidelines on Certain Aspects of the MiFID II Remuneration Requirements
Link to the document can be found here.
29/07/2021 - ESMA Public Statement Highlighting Areas for Improvement in Compliance with MiFID II Suitability Requirements
Link to the document can be found here.
29/07/2021 - ESMA Public Statement on Special Purpose Acquisition Companies (‘SPAC’): Investor Protection Considerations
Link to the document can be found here.
20/07/2021 - Feedback Statement Issued Further to Industry Responses to MFSA Consultation Document on the Proposed Amendments to Chapter 4 of Part A of the Insurance Distribution Rules
Link to the document can be found here.
01/07/2021 - Circular to the Industry in Relation to the Publication of the VFASP Return, Revised Chapter 3 and FAQs
Circular can be found here.
20/07/2021 – Circular on the amendments to Chapter 4 and Chapter 10 of the Insurance Distribution Rules and the Conduct of Business Rulebook - Amendments to Chapter 4 of Part A of the Insurance Distribution Rules
Circular can be found here.
20/07/2021 - Circular on the amendments to Chapter 4 and Chapter 10 of the Insurance Distribution Rules and the Conduct of Business Rulebook
Circular can be found here.
06/07/2021 - EIOPA reports on key financial stability risks in the European insurance and pension sectors
Link to the document can be found here.
12/07/2021 - Supervisory statement on supervisory practices and expectations in case of breach of the Solvency Capital Requirement
Link to the document can be found here.
08/07/2021 - Commission puts forward new strategy to make the EU's financial system more sustainable and proposes new European Green Bond Standard
Link to the document can be found here.
30/07/2021 - Circular on the application of Sustainable Finance Disclosure Regulation (SFDR) by the MFSA and Request for Information on operational and compliance readiness by Financial Market Participants and Financial Advisers
Circular can be found here.
29/07/2021 - MFSA Releases a Cross-Sectoral Self-Assessment Questionnaire on ICT and Cybersecurity Risks Management for Trustees and Other Fiduciaries
Link to the document can be found here.