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New Insolvency Bills Proposed in Parliament
New Insolvency Bills Proposed in Parliament Corporate and M&ALegal Updates

New Insolvency Bills Proposed in Parliament

Three bills are being read in Parliament proposing new insolvency-related legislation and amendments: The Pre-Insolvency Bill; The Insolvency Practitioners Bill; and The Commercial Code (Amendment) Bill. The Pre-Insolvency Bill is being proposed to partially transpose EU Directive 2019/1023 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, which amends Directive 2017/1132. This proposed legislation provides for an updated legal framework in which emphasis is placed on early warning signs of insolvency and restructuring procedures directed at avoiding insolvency, as opposed to legislation regulating…
Mamo TCV Advocates
25th October 2022
Regulatory Compliance Quarterly Update | Q3 2022 Banking & FinanceInsurance & ReinsuranceInvestment Services & FundsNews and PublicationsRegulatory Compliance

Regulatory Compliance Quarterly Update | Q3 2022

We are pleased to issue our second 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 and Asset Management; Credit and Financial Institutions and Insurance Undertakings and Insurance Intermediaries. Our second Regulatory Compliance Quarterly Update can be found hereThe Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do…
Mamo TCV Advocates
24th October 2022
Platform worker
New Legal Notice on Digital Platform Work Employment and Industrial RelationsLegal Updates

New Legal Notice on Digital Platform Work

The Covid-19 pandemic has played an important role in shaping labour markets by accelerating the growth of digital labour platforms which have in turn brought a number of challenges. These include issues in determining the correct employment status of workers performing platform work leading to inadequate access to basic labour and employment rights, lack of fairness, transparency and accountability in algorithmic management and, difficulties in enforcement and lack of traceability by the authorities. In Malta, these issues were being particularly felt within the sector of the delivery of consumer products. This prompted a national debate on the need to introduce…
Mamo TCV Advocates
24th October 2022
The Transparent and Predictable Working Conditions Regulations came into force on the 21st October 2022
New Rules on the Information to be Provided to Employees Employment and Industrial RelationsLegal Updates

New Rules on the Information to be Provided to Employees

The Transparent and Predictable Working Conditions Regulations came into force last Friday, the 21st October 2022, implementing the Transparent and Predictable Workings Conditions Directive (2019/1152). The Regulations lay down minimum requirements on the working conditions applicable to every worker in the European Union who has an employment contract or relationship. The Regulations set out a longer list of information to be provided to employees, building on the list which already existed under the Information to Employees Regulations. Specific information is to be provided to employees who are outworkers and employees who are required to work outside of Malta for a…
Mamo TCV Advocates
24th October 2022
Sustainable Finance: Banking & Capital Markets Webinar
Banking & Capital Markets Webinar Webinars

Banking & Capital Markets Webinar

The Banking & Capital Markets webinar is being held as part the Mamo TCV Sustainable Finance Week being held between 24 October & 28 October 2022. Please click here for the programme of events.Friday, 28 October 202210:00 – 11:00 am (CET) The sustainability elements in product offering to clients & potential clients of credit & financial institutions ESG & Capital Markets This webinar will be of interest to individuals working in financial services regulatory compliance, professionals and other stakeholders working in the financial services sector, particularly those interested in Banking and Capital Markets.
Mamo TCV Advocates
18th October 2022
The Introduction of an Updated Process for the Reporting of Major ICT-Related Incidents
The Introduction of an Updated Process for the Reporting of Major ICT-Related Incidents Investment Services & Funds

The Introduction of an Updated Process for the Reporting of Major ICT-Related Incidents

On the 12th of July 2022, the Malta Financial Services Authority (the “MFSA”) issued a Consultation Document on the reporting of major ICT-related incidents with a consultation period expiring on the 5th of August 2022. The MFSA worked on introducing an updated major ICT-related incident reporting process that replaces the previous process that was communicated on the 25th of September 2019 entitled ‘Cybersecurity - Threat Mitigation’. The former process was introduced with the aim of safeguarding national as well as international financial institutions from malicious attack campaigns. The MFSA issued a renovated major ICT-related incident reporting process in line with…
Anthea Sammut​
17th October 2022