A new Capital Markets Supervision Function has been established within the Malta Financial Services Authority (MFSA), it announced on Thursday.
The newly set up function within the regulatory body’s Supervisory Directorate is intended to bring a “fresh focus” to the markets and listing space, and is expected to drive the implementation of Malta’s 2021 Capital Markets Strategy.
It will be responsible for the regulation and oversight of a range of activities in capital markets as follows:
The function will be also actively involved in various other initiatives such as crowdfunding, the DLT MTF (digital ledger technology multilateral trading facility) Pilot Regime and Green Bonds.
It is the result of a consultancy on Malta’s Capital Markets Strategy, aimed at initiating a discussion with the industry as to how the country’s capital markets can be taken to the next level.
The authority has appointed Lorraine Vella as head of the function, committing to further invest in human and technological resources, thereby ensuring the efficient and effective implementation of the strategy.
The new rules come into effect from 1st January 2024
The two facilities will give Maltese SMEs advantageous loan rates
Forewarned is forearmed - nobody wants to spend their twilight years in financial distress