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Mamo TCV Advocates

Sustainable Finance Week at Mamo TCV
Sustainable Finance Week at Mamo TCV Advocates Webinars

Sustainable Finance Week at Mamo TCV Advocates

Mamo TCV Advocates shall be organising a series of webinars spanning over one week to provide insights on sustainable finance and related regulatory compliance obligations. The scope of these webinars is to highlight how the sustainability-related requirements are impacting the financial services sector from a regulatory standpoint. During the week, Mamo TCV Advocates will also be discussing employment and corporate social responsibility matters. Agenda and registration details will be communicated soon. In the meantime, save these dates:  24 to 28 October 2022
Mamo TCV Advocates
31st August 2022
Hacker stealing data
Mamo TCV Webinar │ The EU GDPR: Frequently Asked Questions Data Protection and PrivacyWebinars

Mamo TCV Webinar │ The EU GDPR: Frequently Asked Questions

The EU GDPR (Regulation 2016/679/EU) came into effect across the EU on 25 May 2018. Many organisations in the EU, including Malta, have now implemented measures to comply with this important law. However, there are many questions that are asked on a regular basis. This webinar will: 1. Address frequently asked questions relating to the GDPR including: "Am I a Data Controller?" "Am I a Data Processor?" "Am I a Joint Data Controller with someone else?" “Do I always need ‘consent’ to process personal data?” "Do I always have to comply with a data subject access request under EU/Maltese law?"…
Mamo TCV Advocates
29th August 2022
Dubai
MFSA Issues Guidelines to the Submission of the Statement of Source of Wealth and Source of Funds Banking & FinanceInsurance & ReinsuranceInvestment Services & FundsLegal UpdatesRegulatory Compliance

MFSA Issues Guidelines to the Submission of the Statement of Source of Wealth and Source of Funds

On the 12 August 2022, the MFSA has issued a Circular to inform the financial services industry of the launch of a new standardised template (“Annex AX26: Source of Wealth and Source of funds self-declaration form”) to be used with immediate effect when submitting a statement of source of wealth and source of funds. The statement is to be submitted by all qualifying shareholders and Politically Exposed Persons as an attachment to their online Personal Questionnaire. The statement is to be filled in electronically and signed by the applicant. Disclaimer: This document does not purport to give legal, financial or…
Mamo TCV Advocates
26th August 2022
Binary Codes
MFSA Issues Circular on Adopting EIOPA’s Revised Guidelines on the Legal Entity Identifier Insurance & ReinsuranceLegal Updates

MFSA Issues Circular on Adopting EIOPA’s Revised Guidelines on the Legal Entity Identifier

On the 8th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on Adopting the European Insurance and Occupational Pensions Authority (hereinafter referred to as “EIOPA”) Revised Guidelines on the Legal Entity Identifier (hereinafter referred to as “the Guidelines”) which became applicable on the 1st July 2022 and which repealed the Guidelines on the use of the Legal Entity Identifier. The Legal Entity Identifier (hereinafter referred to as “LEI”) is a 20-character, alpha-numeric, code which is unique to each legal entity participating in financial transactions. Each LEI code contains information about an entity’s…
Mamo TCV Advocates
24th August 2022
MFSA Circular: Amendments to Chapter 5 of Insurance Rules and Related Legislation Insurance & ReinsuranceLegal Updates

MFSA Circular: Amendments to Chapter 5 of Insurance Rules and Related Legislation

On the 5th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on the amendments to: the Glossary of Terms, Chapter 5 of the Insurance Rules and the Insurance Business (Exemptions) Regulations. These amendments are being carried out to ensure that the MFSA adheres to the EU Notice on the adaptation in line with inflation of the amounts laid down in the Solvency II Directive which was published on the 19th October 2021 (hereinafter referred to as “the Notice”) and the Revised Guidelines on the Valuation of Technical Provisions and the Revised Guidelines…
Mamo TCV Advocates
23rd August 2022
Regulatory Compliance Quarterly Update | Q2 2022 Investment Services & FundsNews and PublicationsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q2 2022

We are pleased to introduce our Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to Investment Services and Asset Management. Our first Regulatory Compliance Quarterly Update can be found here. The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory, financial or tax advice. Should you require further information or assistance, please do not hesitate to contact Katya Tua.
Mamo TCV Advocates
2nd August 2022