Malta:
Directive On Issue Of Covered Bonds And Covered Bond Public Supervision Transposed Into Maltese Law
21 April 2023
Ganado Advocates
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The MFSA has issued a circular whereby it has informed the
public of the transposition of Directive 2019/2162 on the issue of covered bonds
and covered bond public supervision into Maltese legislation.
The transposition of the Directive has taken place by way of
changes to the (i) Financial Markets Act, Chapter 345 of the laws
of Malta and (ii) Financial Markets Act (Covered Bonds)
Regulations, Subsidiary Legislation 345.27 of the laws of Malta.
The changes were added in March 2023. In addition, the Recovery and
Resolution Regulation, Subsidiary Legislation 330.09 of the laws of
Malta and the Investment Services Rules had also been previously
amended.
Directive 2019/2162 includes inter alia requirements for issuing
covered bonds; structural features of covered bonds; covered bond
public supervision and publication requirements in relation to such
covered bonds.
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.
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