International Regulatory Updates

The European Securities and Markets Authority (ESMA) has published today its first report on trends, risks and vulnerabilities in European Union (EU) securities markets and a risk dashboard for the 4th Quarter 2012. The report looks at the performance of securities markets in 2012, assessing both tr ...

The European Securities and Markets Authority (ESMA) has published a Call for Evidence on the evaluation of the Regulation (EU) No236/2012 on short selling and certain aspects of credit default swaps (SSR). This follows receipt of a formal mandate from the European Commission (EC) seeking technical ...

HM Revenue & Customs has announced that it formally recognises as a stock exchange a new joint-venture listing entity unveiled last year by Ireland and Malta. Read full Article. ...

Inside this issue: Joint Press Release by The Central Bank of Malta and the Malta Financial Services Authority on the establishment of a Joint Financial Stability Board New US Dollar Funding Rules for Banks Industry update on the Alternative Investment Fund Management Directive (‘AIFMD� ...

The EBA adopted a formal Recommendation to ensure that major EU cross-border banks develop group recovery plans by the end of 2013. The plans shall be submitted to the respective competent authorities and discussed within colleges of supervisors. The aim of the Recommendation is to spur the developm ...

The European Securities and Markets Authority (ESMA) has today published a review of 2011 IFRS financial statements related to impairment testing of goodwill - the value of intangible assets which has a quantifiable value - and other tangible assets. The review, which looked into the accounting prac ...

Inside this issue: MFSA issues second consultation document on AIFMD MFSA implements ESRB Recommendation on foreign currency lending MFSA issues consultation on proposed amendments to Trusts and Trustees Act Malta: Recognised Incorporated Cell Companies Press Releases issued by the ...

The European Securities and Markets Authority (ESMA) has launched a Consultation Paper on Guidelines and Recommendations on the scope of the CRA Regulation. The draft Guidelines aim to provide clarification on certain aspects of the scope of the Credit Rating Agencies (CRA) Regulation to registered ...

The European Securities and Markets Authority (ESMA) has launched a consultation on Guidelines on key concepts of the Alternative Investment Fund Managers Directive (AIFMD). The Directive provides the legal framework for both alternative investment funds (AIFs) and their managers (AIFMs). Read fu ...

1. Executive Summary 1.1 Overview According to Article 9 (1)(a) of the Regulation establishing EIOPA , the Authority “shall take a leading role in promoting transparency, simplicity and fairness in the market for consumer financial products or services across the internal market, including b ...