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The International Sustainability Standards Board (ISSB) recently met in Montreal and made some final decisions on the technical content of the first two sustainability Standards it plans to issue. In considering this material they also made a crucial decision that these two Standards, which are due to be released in June 2023, will become effective for periods commencing on or after 1 January 2024.

Investors, customers, governments, and the wider public are putting companies under ever greater pressure to place sustainability at the heart of their business models. In this article, we look at how the mid-market is responding – and what practical steps firms can take to embrace a more sustainable approach.

An economic impact assessment of the 2019 Rolex Middle Sea Race on Malta

Directors are in charge of the management and control of the company. They take decisions for and act on behalf of the company, usually during board meetings. These decisions are logged in board minutes or in a resolution signed by all the directors of the company. The appointment of directors, other than the first directors, will typically be regulated by the Articles of Association of the company. However, where the Articles fail to make any mention on this point, the Companies Act provides for their appointment accordingly.

Only around half of businesses have a clear strategy and business case for enhanced digital transformation within the finance function. Is your organisation ready to make better business decisions?

Business First is a one-stop shop for entrepreneurs and SMEs, though which one can obtain from business related services related to VAT, employment and licenses matters, amongst others..

The MFSA has published further material with regards to the Virtual Financial Assets Regulations. The rules place heavy emphasis on the level of competence that prospective VFA Agents are required to have, both in terms of the traditional financial services framework as well as the regulatory framework developed under the Virtual Financial Assets Act.

Despite Malta’s size and limited resources, Malta has been determined to be at the forefront of the blockchain technology, providing a regulated and tech-friendly framework for the blockchain and fintech industry. This has ensured a constant and ever-growing interest by international businesses and start-ups who are looking at investing in this sector, including the likes of Binance, OKex, Tron and BigOne.

The first of their kind in the world, three bills have come into force in Malta governing cryptocurrencies, blockchain and distributed ledger technology (DLT). The bills include the Malta Digital Innovation Authority Act which will bring about the establishment of the Malta Digital Innovation Authority as a driving regulator of the industry, as well as the Innovative Technological Arrangement and Services Act and the Virtual Financial Asset Act.

With the rapid pace of change in the local business scenario, today’s entrepreneurs are dealing with more complexity and facing new challenges when it comes to sourcing finance for their business ventures.

Just like no two zebras have the same stripes, no two business strategies are the same. Grant Thornton can help you develop yours.

The Malta Financial Services Authority (MFSA) has revised the application process for collective investment schemes in Malta and introduced new application packs for Professional Investor Funds (PIFs), Alternative Investment Funds (AIFs) and Undertakings for Collective Investments in Transferable Securities (UCITS).