Contact us
Published:
2.2.2012
Last Updated:
25.7.2024

Malta: Proposed amendments to the Prevention of Financial Marke

4 min read
By
No items found.
EVENT DETAILS
Date:
Location:
Summary


The Prevention of Financial Markets Abuse Act is currently the subject of minor amendments as proposed in the draft legislation entitled ‘Various Financial Services Laws (Amendment) Act, 2012.

cONTINUE rEADING


The Prevention of Financial Markets Abuse Act is currently the subject of minor amendments as proposed in the draft legislation entitled ‘Various Financial Services Laws (Amendment) Act, 2012.

The suggested amendments specifically provide for collaboration between the MFSA and the European Securities and Markets Authority (ESMA), for the purposes of the Market Abuse Directive in accordance with Regulation (EU) No 1095/2010 of the European Parliament and of the Council of the 24 November 2010, and in particular to forward to ESMA, without delay, all information necessary for ESMA to carry out its duties in terms of the Regulation. 

An amendment relating to the publication of sanctions is also proposed to provide that the MFSA may publicly disclose the name of a person who is sanctioned, the particular breach, and the administrative sanction imposed, even prior to appeal proceedings being concluded. The MFSA is to contemporaneously report to the ESMA the fact that it has disclosed an administrative measure or sanction to the public. The MFSA is to also provide ESMA annually with aggregated information regarding all administrative measures and sanctions it has imposed.

key contacts
No items found.
what's inside


The Prevention of Financial Markets Abuse Act is currently the subject of minor amendments as proposed in the draft legislation entitled ‘Various Financial Services Laws (Amendment) Act, 2012.

Article

Copyright © 2025 Chetcuti Cauchi. This document is for informational purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking any action based on the contents of this document. Chetcuti Cauchi disclaims any liability for actions taken based on the information provided. Reproduction of reasonable portions of the content is permitted for non-commercial purposes, provided proper attribution is given and the content is not altered or presented in a false light.

Key contacts
No items found.
continue learning
testimonials

What success sounds like,from our clients

No items found.

Related Insights

No items found.
Contact us

Speak to a
recognised expert