Tag

MFSA

Mortgage Credit Intermediaries in Malta: What Applicants Need to Know Following the 2026 Reforms Financial Services Regulatory & Fintech

Mortgage Credit Intermediaries in Malta: What Applicants Need to Know Following the 2026 Reforms

In Malta, a business assisting prospective homebuyers in securing mortgage financing may not itself provide the loan. Nevertheless, depending on the nature of its activities, it may be required to obtain regulatory admission from the Malta Financial Services Authority (“MFSA”). On 4 November 2026, the MFSA published revised Credit Intermediaries Rules relating to Mortgage Credit Agreements (the “Rules”), following the introduction of the Mortgage Credit Intermediaries (Admission) Regulations, 2026, through Legal Notice 263 of 2026. Although admission requirements for mortgage credit intermediaries were already established under Malta's implementation of Directive 2014/17/EU (the “Mortgage Credit Directive”), the revised framework aligns the…
Rachel Gauci
10th November 2026
MFSA Circular on Commission Delegated Regulations | Implementing Amendments to the Market Abuse Regulation under the EU Listing Act Corporate and M&A

MFSA Circular on Commission Delegated Regulations | Implementing Amendments to the Market Abuse Regulation under the EU Listing Act

On 15 September 2026, the Malta Financial Services Authority ("MFSA") issued a circular addressed to all issuers of financial instruments admitted to trading on a trading venue or for which a request for admission to trading has been made, as well as to investment services providers as defined under Article 3(1)(28) of the Market Abuse Regulation (Regulation (EU) No 596/2014, "MAR"). The circular draws the attention of market participants to two Commission Delegated Regulations published in the Official Journal of the European Union on 16 July 2026, both of which form part of the Level 2 measures implementing amendments to…
Mamo TCV Advocates
17th September 2026
MFSA Revises Regulatory Framework for CFD and Rolling Spot Forex Providers Investment Services & Funds

MFSA Revises Regulatory Framework for CFD and Rolling Spot Forex Providers

On 6 August 2026, the Malta Financial Services Authority ("MFSA") issued a circular announcing amendments to Section 13 of Part A and Section 7 of Part BI of the Investment Services Rules for Investment Services Providers. The changes primarily affect applicants and licence holders offering contracts for difference ("CFDs") and rolling spot forex contracts. The amendments form part of the MFSA's ongoing review of its Rulebook to ensure that regulatory requirements remain proportionate and aligned with applicable EU legislation and evolving supervisory expectations. Streamlining Authorisation Requirements One of the more significant changes concerns the removal of the definition of "Trading…
Mamo TCV Advocates
18th August 2026
Revised formats of Insider Lists under MAR introduced by updated Implementing Technical Standards Capital Markets

Revised formats of Insider Lists under MAR introduced by updated Implementing Technical Standards

On the 15th of June 2026, the European Commission published Commission Implementing Regulation (EU) 2026/1291 introducing a revised set of implementing technical standards under the Market Abuse Regulation concerning the format and maintenance of insider lists (hereinafter, the “Revised ITS”). The Revised ITS will start to apply from the 5th of July 2026 and replaces Implementing Regulation (EU) 2022/1210. The objective of the Revised ITS is to harmonise the use of a simplified (“alleviated”) format across all Insider Lists and reduce administrative burdens while ensuring that competent authorities retain sufficient information to monitor market abuse risks.  Key changes include, inter…
Mamo TCV Advocates
17th June 2026
MFSA Enforcement and the Limits of Appeal Rights in Malta: Key Takeaways from the Phoenix Judgment Banking & Finance

MFSA Enforcement and the Limits of Appeal Rights in Malta: Key Takeaways from the Phoenix Judgment

The Civil Court, First Hall (Constitutional Jurisdiction), in the judgment Phoenix Payments Limited (now Lazarus Long Limited) v the Malta Financial Services Authority and the State Advocate (Application Number 272/2021), delivered by the Honorable Madam Justice Rachel Montebello on 27 April 2026, examined the administrative enforcement powers of the Malta Financial Services Authority (“MFSA”) and, critically, whether the available appeal mechanism satisfies the right to a fair hearing. Phoenix’s Application Phoenix Payments Limited (subsequently renamed Lazarus Long Limited) (“Phoenix”), a financial institution licensed and regulated by the MFSA under the Financial Institutions Act (Chapter 376 of the Laws of Malta)…
Mamo TCV Advocates
9th June 2026
ESMA Publishes Its 2025 Corporate Reporting Enforcement And Regulatory Activities Report Capital Markets

ESMA Publishes Its 2025 Corporate Reporting Enforcement And Regulatory Activities Report

On 27 May 2026, the Malta Financial Services Authority ("MFSA") issued a circular drawing the attention of market participants to the publication by the European Securities and Markets Authority ("ESMA") of its 2025 Corporate Reporting Enforcement and Regulatory Activities Report (the "Report"). The Report sets out the findings of European enforcers' examination of listed companies' annual financial reports and identifies the common enforcement priorities that national competent authorities across the European Union and the European Economic Area will focus on in their supervisory activities. ESMA's enforcement programme is designed to promote the consistent application of International Financial Reporting Standards ("IFRS")…
Mamo TCV Advocates
29th May 2026