News & Views

MFSA Launches Rules for Introduction of Loan Funds

02 April 2014

In Malta the approval and licensing of loan funds is regulated by the Investment Services Act which provides for the licensing and regulation of Collective Investment Schemes investing in any type of assets, subject to any conditions the MFSA may impose. Due to the particular nature of the risks involved with loan funds, collective investment...

MFSA – FIAU sign Memorandum of Understanding

01 April 2014

The Malta Financial Services Authority (MFSA) has signed a memorandum of understanding with the Financial Intelligence Analysis Unit (FIAU) to facilitate on-site inspections in connection with the prevention of money laundering and the funding of terrorism, a common goal for both parties, in view of their common supervisory function. The primary...

Macroeconomic Imbalances: EU awards Malta a...

01 April 2014

The Maltese financial sector was awarded a clean bill of health by the European Commission in terms of the review carried out under Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances. It concluded that the macroeconomic challenges in Malta no longer constitute substantial risks and do not cause imbalances....

Income Tax Cut Backdated to January 1st

15 March 2014

The income tax cut announced in the Budget 2012 will be retained and backdated to January 1, as originally planned saving a tweak to ensure minimum wage earners do not pay income tax. The income tax rate of 35% per cent will be reduced to 32% for people with an annual income not exceeding €60,000. Source: Ministry of Finance

Fitch confirms Malta 'A' rating

14 March 2014

Fitch Ratings has affirmed Malta's long term foreign and local currency issuer default ratings as A. It has also affirmed the A rating for Malta's unsecured foreign and local currency bonds. Fitch has affirmed Malta's short-term foreign currency IDR at F1 and the Country Ceiling at AAA. The outlook is stable. Fitch Ratings held that the Maltese...