On 6 February, 2014 the Malta Financial Services Authority (MFSA) published its first set of frequently asked questions (FAQs) on the Alternative Investment Fund Managers Directive (AIFMD) and Malta’s implementation of AIFMD.
On the 20th of March 2014, political agreement was reached between the European Parliament and the Council on the text of the Single Resolution Mechanism (“SRM”) Regulation.
Apart from regulating company service providers comprehensively for the first time, the Company Service Providers Act, 2013 also amended (effective end of 2013) the Companies Act, Cap.386.
Possible Surge in Insurance Take-Up as EP Votes in Favour of Network and Information Security DirectiveGANADO Advocates - March 17, 2014 - Categories: Other News
The European Parliament (EP) has adopted the draft Network and Information Security Directive, commonly referred to as the Cyber Security Directive.
The European Commission recently issued a proposed regulation on the reporting and transparency of securities financing transactions (“SFTs”).
The European Parliament (EP) has adopted in plenary the Omnibus II Directive ensuring that the new regulatory framework for insurers is on track for the start of 2016.
Earlier this year, the European Commission published a proposed regulation on the structural reform of EU banks which aims to “stop the biggest and most complex banks from engaging in the risky activity of proprietary trading”
EIOPA's website has been updated to include additional information on the General Good Provisions adopted by the insurance supervisory authorities of EU/EEA Member States.
On 26 February 2014, the European Parliament (EP) adopted in plenary the proposed text of the recast Insurance Mediation Directive (IMD II). The new Directive is set to introduce some significant developments to the rules governing the selling of insurance products across the EU.
The text of Directive 2014/17/EU on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010 (the “Mortgage Credit Directive”) has been published in the Official Journal of the EU.