Publications

Legal Notice transposing 2014 Maritime Labour Convention amendments published in Government Gazette

Authors: Jotham Scerri-Diacono
Published on December 5, 2016
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Practices: Ship Registration, Shipping Compliance
On the 25th of November 2016, Legal Notice 390 of 2016 titled the Merchant Shipping (Maritime Labour Convention) (Amendment) Rules 2016 (hereinafter ‘the Amendment Rules’), was published in the Government Gazette. The Amendment Rules are to be read and construed as forming part of Legal Notice 145 of 2013 i.e. the Merchant Shipping (Maritime Labour Convention) Rules (hereinafter ‘the Rules’), and successfully transpose into Maltese law the 2014 Amendments to the Code of the Maritime Labour Convention (‘the ILO Amendments’) issued by the International Labour Organisation (ILO).

Recent Amendments to the Malta Aircraft Registration Act

Authors: Matthew Xerri
Published on November 30, 2016
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Practices: Aircraft Finance, Aircraft Registration
In 2010 Malta embarked on an ambitious project to introduce the Aircraft Registration Act (the “ARA”) and to accede to the Cape Town Convention and its Aircraft Protocol. A few years later, the growing presence of AOC holders in Malta and the increase in aircraft registered in the National Aircraft Register is testament to the success story of the ARA.

The Insurance Product Information Document

Authors: Stuart Firman, Elaine Magri
Published on October 5, 2016
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Practices: Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
On 1 August 2016, the European Insurance and Occupational Pensions Authority (“EIOPA”) published a consultation paper on Implementing Technical Standards (“ITS”) on the standardisation of the presentation of the insurance Product Information Document (the “PID”). The ITS may be accessed here. This will be provided to customers prior to conclusions of all non-life insurance lines, excluding large risks in accordance with the provisions of the Insurance Distribution Directive (the “IDD”).

External Audit of Templates of the Solvency Financial Condition Report

Authors: Stuart Firman, Tanya Causon
Published on October 3, 2016
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Practices: Insurance & Reinsurance Corporate, Insurance & Reinsurance Regulation
On 26 August 2016, the Malta Financial Services Authority (the “MFSA”) issued a consultation document proposing the introduction of external auditing requirements for certain quantitative reporting templates that will form part of the Solvency Financial Condition Report (the “SFCR”).