Regulatory Updates

September 2021

Contact the PwC Malta Regulatory Team for further information in relation to any of the updates or if you wish to discuss how these may impact your business.

Welcome

Welcome to PwC Malta’s Regulatory Updates - giving a recap for this month of the main legislative updates and key regulator activity.

Asset Management

Local updates

28/09/2021 - Circular to Investment Services Licence Holders regarding the submission of the Central Bank of Malta (CBM) Reporting Schedules - Regulatory Reporting in Relation to Investment Services Providers
Circular can be found here.

30/09/2021 - MiFID Firms Quarterly Reporting
Link to the document can be found here.


International Updates

08/09/2021 - ESMA Highlight Risks in Phasing out of Crisis Measures and Call on Financial Institutions to adapt to Increasing Cyber Risks
Link to the document can be found here.

28/09/2021 - ESMA to Focus on Supervision, Sustainability, Digitalisation and the Capital Markets Union in 2022
Link to the document can be found here.

30/09/2021 - New Q&As Available
Link to the document can be found here.

Banking

Local updates

12/09/2021 - Circular to Credit Institutions on the Reporting of MREL and TLAC Data
Circular can be found here.

30/09/2021 - Circular to Credit Institutions on the Lifting of the Restriction on Dividend Distributions or Share Buy-Backs
Circular can be found here.


International Updates

08/09/2021 - ESAs highlight risks in phasing out of crisis measures and call on financial institutions to adapt to increasing cyber risks
Link to the document can be found here.

15/09/2021 - EBA Publishes Final Guidance to Assess Breaches of the Large Exposure Limits
Link to the document can be found here.

Conduct of Business

Local update

02/09/2021 - Conduct of Business Rulebook Revisions
Link to the document can be found here.

Financial Stability

Local update

03/09/2021 - 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.

Insurance

Local update

27/09/2021 - Solvency II
Link to the document can be found here.
 

International update

08/09/2021 - ESAs highlight risks in phasing out of crisis measures and call on financial institutions to adapt to increasing cyber risks
Link to the document can be found here.

Contact us

Fabio Axisa

Fabio Axisa

Assurance Partner, PwC Malta

Tel: +356 2564 7191

Mark Lautier

Mark Lautier

Partner, PwC Malta

Tel: +356 2564 6744

Chris Mifsud Bonnici

Chris Mifsud Bonnici

Partner, PwC Malta

Tel: +356 79757005

Lee Ann Agius

Lee Ann Agius

Senior Manager, Tax, PwC Malta

Tel: +356 2564 4027

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