Malta:
Updates To The Depositor Compensation Scheme (Amendment) Regulations
09 April 2019
Ganado Advocates
To print this article, all you need is to be registered or login on Mondaq.com.
The DCS Regulations have recently been amended by Parliament
through Legal Notice 43/2019. One of the main amendments states
that e-money, and funds received in exchange for e-money, were
added to the list of non-eligible deposits. Furthermore, the
another legislative update relates inter alia to the
contribution levels by the members of the scheme.
OUTLINE OF DCS AMENDMENTS
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Malta
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...