The Malta Financial Services Authority (‘MFSA') has published a set of draft Investment Services Rules and draft amendments to existing rulebooks for the proposed framework.
On the 29th of March 2022, the Malta Financial Services Authority ("MFSA") issued a circular to the industry in which several amendments to the Investment Services Rulebooks were detailed.
Following the entry into force of the Sustainable Finance
Disclosure Regulation (
SFDR ) in December 2020, the
provisions of the said Regulations will become effective on the
10
th March 2021.
By way of background, the SFDR will require financial market
participants and financial advisors to make pre-contractual and
ongoing disclosures to investors regarding the integration of
sustainability risk, the impacts of adverse sustainability, as well
as the promotion of ESG characteristics and sustainable investments
(as applicable).
In this respect, pursuant to a circular dated 9
th February 2021, the Malta Financial
Services Authority (
MFSA ) communicated the process
to be adopted for the submission of updates to the pre-contractual