Skip to main content

Insights

EU AI Act
EU AI Act: Banned AI Practices from 2 February 2025 Telecoms, Media & Technology

EU AI Act: Banned AI Practices from 2 February 2025

The EU AI Act becomes applicable across the EU, including Malta, on 2 August, 2026 (you may read our general overview here). However, the AI Act’s general provisions and the provisions on prohibited AI practices that present an unacceptable level of risk, will come into force as early as 2 February 2025. With this deadline fast approaching, organisations subject to the AI Act must ensure compliance accordingly. AI Literacy By 2 February 2025, providers and deployers of AI systems, including those based in Malta, must take steps to guarantee an adequate level of AI literacy among their staff and any…
Nicole Bonett and Claude Micallef Grimaud
31st January 2025
Triangular Patterns
MFSA Issues Two Circulars on ICT Risk DORAFinTechTelecoms, Media & Technology

MFSA Issues Two Circulars on ICT Risk

On the 16th of January 2025, the MFSA published a circular on the register of information-reporting-timelines for MFSA-authorised persons. Subsequently, on the 17th of January 2025, the MFSA published another circular outlining several resources uploaded to its website to assist compliance with Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector (“DORA”). The circular issued on 16th of January 2025 focuses on the Register of Information required under Article 28(3) of DORA. This register mandates financial entities to document all contractual arrangements with ICT Third-Party Service Providers (“ICT TPPs”), ensuring transparency in…
Mamo TCV Advocates
20th January 2025
St James Cavalier Web Dome
DORA is Now in Force: What’s Next? DORAFinTechTelecoms, Media & Technology

DORA is Now in Force: What’s Next?

Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector (“DORA” or the “Act”) became enforceable as of 17th January 2025. DORA Resources As highlighted in various DORA insights by our Firm over the last few months (including a very useful overview of DORA itself), DORA represents a significant milestone in aligning the financial services sector with the EU’s digital finance strategy, offering a regulatory framework for operational resilience and ICT risk management. Designed to bolster operational resilience against increasingly sophisticated cyber threats, DORA ushers in a new era…
Mario Mizzi and Warren Ciantar
17th January 2025
Regulatory Compliance Quarterly Update | Q4 2024 Insurance & ReinsuranceInvestment Services & FundsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q4 2024

We are pleased to issue the eleventh edition of the 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, CSPs, fintech, credit institutions, insurance undertakings and insurance intermediaries. Our eleventh 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…
Mamo TCV Advocates
16th January 2025
European Blockchain Sandbox
European Blockchain Sandbox & MDIA Joint Webinar FinTechNewsTelecoms, Media & Technology

European Blockchain Sandbox & MDIA Joint Webinar

As previously announced, applications for the third and final cohort of the European Blockchain Sandbox are now open. To find out more on how you can take advantage of this unique scheme, register here to attend this joint webinar being organised by the European Blockchain Sandbox and the Malta Digital Innovation Authority (MDIA) on January 20th at 14:30. The webinar is expected to last around an hour.
Mamo TCV Advocates
15th January 2025
Senior Associates Appointed at Mamo TCV Advocates News

Senior Associates Appointed at Mamo TCV Advocates

Mamo TCV Advocates is pleased to announce the promotion of Erika Azzopardi-Taliana, Zachary Galea, Jeanine Mallia Schembri and Nicole Portelli to the position of Senior Associates. Erika joined Mamo TCV Advocates in 2019. Her main practice areas are civil law with a particular focus on tort, contract and debt collection, employment law and shipping litigation. Zachary joined the firm as a trainee in 2018 assisting within the Shipping and Aviation and IT departments. He assists in a variety of corporate and commercial matters including those in shipping and aviation, such as the formation and support of companies. He also assists…
Mamo TCV Advocates
13th January 2025