International Regulatory Updates

Low cost, efficient regulation and access to the European Union are the three key attributes that are putting Malta increasingly on the wish-list of financial firms looking for a regulatory jurisdiction, says Seonaid Mackenzie, Managing Partner at Sturgeon Ventures. Click here to access the full ...

Inside this issue: Revised Financial Conglomerates Directive Update on the Markets in Financial Instruments Directive IOSCO publishes principles on suspension of CIS redemptions Guidelines by ESMA on Exchange Traded Funds and other UCITS issues Enforcement and Market Oversight Train ...

Mr Michael Duignan 51, has been appointed Director of the Securities and Markets Unit at the Malta Financial Services Authority with effect from 1st February, 2012. Mr Duignan is experienced in securities regulation and market supervision at the European level. He was previously Head of Securities a ...

Erik Nelson was working in Stamford, Connecticut, as a research analyst at FMG USA LLC, the U.S. arm of FMG, a fund of funds specializing in emerging and frontier markets, when his bosses called him into a meeting in September 2009. Click here to access the full press release.   ...

Report presents a significantly improved calibration methodology. Final proposed factors are reflective of the average size of the portfolios of insurers in the European markets to which they are applied. Read full EIOPA Press Release. ...

[1.0 Introduction] The Listing Authority has noted that a number of directors of companies licensed in terms of the Investment Services Act are also acting as directors of listed entities. Although the Listing Authority appreciates the fact that these persons may bring to the board of listed comp ...

Inside this issue: Malta forum examines new developments in financial crime and its prevention Publication of the Consumer Complaints Unit Annual Report for 2010 Consultation - UCITS IV UCITS IV and Maltese Law Issue by FIAU of New Implementing Procedures MFSA Notices Licences ...

I- Background In June 2010 CESR published guidance on the registration process and related issues (CESR/Ref. 10- 347), as required by Article 21 (2) of Regulation (EC) No 1060/2009. CESR‟s Guidance (the “CESR Guidance”) also dealt with the endorsement regime allowing the distribution and ...

ESMA issues today its Guidelines on endorsement (ESMA/2011/139) in a Final Report, including a Feedback Statement. The Guidelines address how ESMA will implement the “as stringent as” test for credit ratings produced outside the European Union, in what are named “third countries”. These c ...