New Laws to implement the provisions on the Register of Beneficial Owners in the IVth AML Directive

On the 1st January, 2018, the following Regulations came into force in Malta, implementing the relevant provisions on beneficial ownership information of Directive (EU) 2015/849 of the European Parliament and the Council of 20 May 2015: Legal Notice 376 of 2017 – Civil Code (Second Schedule) (Register of Beneficial Owners – Associations) Regulations, 2017; Legal…

Consulation Document issued by the MFSA on the proposed regulation of collective investment schements investing in virtual currencies

On the 23rd October, 2017, the MFSA issued a Consultation Document on the proposed regulation of collective investment schemes investing in virtual currencies. Below is a summary of the main proposals, which require the scheme and in certain cases its service providers to: Prove competence in the field of information technology, virtual currencies and their…

White Paper issued by the MGA

The Malta Gaming Authority (‘MGA’) has published a White Paper which proposes the introduction of new gaming laws to replace the current legislation. The main changes proposed by the White Paper include the following: Elimination of the multi licence system to be replaced by two types of gaming licenses: (a) Business-to-Consumer (B2C) Licence; (b) Business-to-Business (B2B) Licence;…