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Proposal to Establish New Building and Construction Regulator Real Estate & Construction

Proposal to Establish New Building and Construction Regulator

This article was written by Dorita Cardona and Joshua ChircopThe Ministry for Transport, Infrastructure and Capital Projects has published a White Paper proposing the setting up of a Building and Construction Regulator ("the Regulator"), as part of a reorganisation project of the building industry. The RegulatorIt is proposed that the Regulator will be responsible for harmonising and consolidating current work practices, standards, procedures, regulations and laws currently governing the industry under a single piece of legislation, which will consequently be brought before Parliament as a Bill. The Minister responsible for Infrastructure, under whose authority the Regulator shall lie, has appointed…
Dorita Cardona
1st October 2018
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Proposal to Establish New Building and Construction Regulator Real Estate & Construction

Proposal to Establish New Building and Construction Regulator

This article was written by Dorita Cardona and Joshua ChircopThe Ministry for Transport, Infrastructure and Capital Projects has published a White Paper proposing the setting up of a Building and Construction Regulator ("the Regulator"), as part of a reorganisation project of the building industry. The RegulatorIt is proposed that the Regulator will be responsible for harmonising and consolidating current work practices, standards, procedures, regulations and laws currently governing the industry under a single piece of legislation, which will consequently be brought before Parliament as a Bill. The Minister responsible for Infrastructure, under whose authority the Regulator shall lie, has appointed…
Dorita Cardona
1st October 2018
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MFSA Issues Guidance on the Charging of Negative Interest Banking & FinanceNews

MFSA Issues Guidance on the Charging of Negative Interest

The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector.Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a maintenance fee may be charged in case of excessively high balances.Click here to access The Circular. Disclaimer This document…
Roberta Peresso
28th September 2018
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MFSA Issues Guidance on the Charging of Negative Interest Banking & FinanceNews

MFSA Issues Guidance on the Charging of Negative Interest

The MFSA has issued a circular addressed to credit institutions licensed in terms of the Banking Act, 1994, whereby, following consultation with the Central Bank of Malta, it expressly prohibits the imposition of negative interest rates on Euro denominated deposits. This stops any emerging practice that may have been recently witnessed in the local banking sector.Credit institutions who have already entered into agreements entailing such negative interest rates, need to rectify their position within a 3-month transition period. Subject to certain conditions, a maintenance fee may be charged in case of excessively high balances.Click here to access The Circular. Disclaimer This document…
Roberta Peresso
28th September 2018
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The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants Telecoms, Media & Technology

The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants

The Malta Digital Innovation Authority ("MDIA") was established through Act XXXI of 2018 which has come into force on the 15th July 2018 and is now formally set up.The MDIA shall be responsible for recognising service providers, namely systems auditors and technical administrators as well as certifying innovative technology arrangements ("ITAS") as outlined in the Innovative Technology Arrangement and Services Act, Chapter 592 of the Laws of Malta.The MDIA will be issuing a set of guidance notes aimed at assisting services providers and innovative technology arrangement applicants when approaching the MDIA in relation to registration and certification.The guidelines to be…
Ian Busuttil
27th September 2018
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The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants Telecoms, Media & Technology

The Malta Digital Innovation Authority to issue a set of guidance notes aimed at assisting service providers and innovative technology arrangements applicants

The Malta Digital Innovation Authority ("MDIA") was established through Act XXXI of 2018 which has come into force on the 15th July 2018 and is now formally set up.The MDIA shall be responsible for recognising service providers, namely systems auditors and technical administrators as well as certifying innovative technology arrangements ("ITAS") as outlined in the Innovative Technology Arrangement and Services Act, Chapter 592 of the Laws of Malta.The MDIA will be issuing a set of guidance notes aimed at assisting services providers and innovative technology arrangement applicants when approaching the MDIA in relation to registration and certification.The guidelines to be…
Ian Busuttil
27th September 2018