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Over the past twenty years or so, Malta has gone through a complete reform of its corporate legislation and regulatory framework. Two of the key initial initiatives included the introduction of the Companies Act in 1995 and later the introduction of a single regulator the Malta Financial Services Authority (MFSA). The reform program was carried out in line with best practices observed in the Organisation for Economic Co-operation and Development (OECD) countries. In anticipation of Maltas accession to the European Union, reform was done in a way to ensure that Maltese legislation would be modelled on EU regulatory policy. This has resulted in well-designed, robust and familiar legislation with which non-Maltese investors can feel at ease.
The...
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