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Prospectus and Transparency Rules in Case of No-Deal Brexit Legal Updates

Prospectus and Transparency Rules in Case of No-Deal Brexit

On the 31 January 2019, the European Securities and Markets Authority (ESMA) issued three Q&As regarding the Prospectus Directive (PD) and the Transparency Directive (TD).The purpose of the Q&As is to promote common supervisory approaches and practices in the application of the PD and the TD in case of a no-deal Brexit. The Q&As provide the following clarifications in the event of a no-deal Brexit: 1.When issuers of equity securities and non-equity securities below 1,000 EUR who currently have the UK as their PD home Member State choose a new home Member State, they should choose between the EU27 Member…
MamoTCV Advocates
12th February 2019
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News Update: MFSA Announces Establishment of Online Trusts UBO Register Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019
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News Update: MFSA Announces Establishment of Online Trusts UBO Register Legal Updates

News Update: MFSA Announces Establishment of Online Trusts UBO Register

Following the transposition of the Fourth Anti-Money Laundering Directive (Directive 2015/849/EU) in Malta, the Malta Financial Services Authority (MFSA) established an ultimate beneficial owner (UBO) register for companies, trusts and other organisations.In this regard, the MFSA has announced that it has developed an online platform for the Trusts Ultimate Beneficial Ownership Register (the Register) which facilitates the electronic submission of beneficial ownership information of trusts, as well as providing online access of this information to entitled parties. Various national competent authorities, such as the Financial Intelligence Analysis Unit (FIAU), national tax authorities, the Police, the Asset Recovery Bureau, the Comptroller…
MamoTCV Advocates
16th January 2019
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News Update: Increase in Annual Leave and Minimum Wage Legal Updates

News Update: Increase in Annual Leave and Minimum Wage

The Organisation of Working Time Regulations have been amended by Legal Notice 444 of 2018. As from the 1st of January 2019, the number of hours of annual leave has increased by another eight hours, bringing the total to 208 hours per year. Also, from the 1st of January 2019, the standard minimum wage has been increased to €175.84. Wages of full-time employees are to increase by €2.33 as a cost of living increase with an additional €1 per week as a mandatory supplement (pro-rata for part-timers). Disclaimer This document does not purport to give legal, financial or tax advice. Should…
MamoTCV Advocates
11th January 2019
News_TAM.png
News Update: Increase in Annual Leave and Minimum Wage Legal Updates

News Update: Increase in Annual Leave and Minimum Wage

The Organisation of Working Time Regulations have been amended by Legal Notice 444 of 2018. As from the 1st of January 2019, the number of hours of annual leave has increased by another eight hours, bringing the total to 208 hours per year. Also, from the 1st of January 2019, the standard minimum wage has been increased to €175.84. Wages of full-time employees are to increase by €2.33 as a cost of living increase with an additional €1 per week as a mandatory supplement (pro-rata for part-timers). Disclaimer This document does not purport to give legal, financial or tax advice. Should…
MamoTCV Advocates
11th January 2019
News_TAM.png
News Update: Increase in Annual Leave and Minimum Wage Legal Updates

News Update: Increase in Annual Leave and Minimum Wage

The Organisation of Working Time Regulations have been amended by Legal Notice 444 of 2018. As from the 1st of January 2019, the number of hours of annual leave has increased by another eight hours, bringing the total to 208 hours per year. Also, from the 1st of January 2019, the standard minimum wage has been increased to €175.84. Wages of full-time employees are to increase by €2.33 as a cost of living increase with an additional €1 per week as a mandatory supplement (pro-rata for part-timers). Disclaimer This document does not purport to give legal, financial or tax advice. Should…
MamoTCV Advocates
11th January 2019