Industries

Malta's advanced and adaptable legal and regulatory system, combined with an accessible regulator and multiple double taxation agreements, has established it as a prime location for financial services companies aiming to operate within the EU. The Maltese regulator's ongoing efforts to promote Malta as a premier hub for the asset management industry have contributed to its reputation, putting it on the same level as Ireland and Luxembourg.

RMC possesses extensive specialist knowledge and experience, enabling us to offer customized, practical regulatory advice to our clients. RMC offers risk management, regulatory compliance, AML/CFT compliance, ESG compliance and thematic audits to all types of investment fund managers (UCITS, hedge funds/AIFMs, De Minimis AIFMs, Venture Capital and Private Equity Managers.

RMC is also a leader and boasts comprehensive exposure to investments funds of all types, like retail and UCITS funds, hedge funds including Professional Funds and Alternative Investor Funds, private equity or venture capital funds, real estate funds, digital assets funds and forex funds. 

Malta’s capital markets are regulated by the Malta Financial Services Authority (MFSA). RMC offers support to companies with instruments listed on the Malta Stock Exchange, advising both the board and senior management on corporate governance, operational risk, and compliance with their ongoing obligations under the capital market regulations and prospects MTF requirements. RMC also advises clients in structuring equity and debt security offerings. 

Over the years, our extensive collaboration with financial advisers, accountancy firms, and stockbrokers has provided us with unparalleled experience in comprehending the requirements of all stakeholders in the market.

Company Service Providers (CSPs) are governed by the Company Service Providers Act, while trustees are regulated by the Trusts and Trustees Act. The introduction of the CSPs Act had an impact on the changing conditions fundamental to CSPs and Trustees.

RMC has considerable expertise in collaborating with CSPs and Trustees, recognising the pivotal role they play in offering vital services to companies from their inception. RMC is well-equipped to assist CSPs and Trustees with all their regulatory and compliance needs effectively.

RMC have assisted CSPs and Trustees in designing and implementing a robust Enterprise Risk Management Framework, setting up an effective Compliance Monitoring Plan and an AML/CFT governance framework. 

Credit institutions are regulated in terms of the Banking Act, whilst, financial Institutions, including Electronic Money Institutions (EMIs) and Payment Services Providers (PSPs) are regulated by the Financial Institutions Act and the regulations set forth by the MFSA.

Advancements in technology alongside the rapid expansion of e-commerce have carved out a specialised market within the industry for financial institutions offering electronic money and payment services.

With its extensive experience in financial services regulation, RMC is ideally positioned to assist clients in governance solutions. RMC has been actively supporting traditional and digital banks, payment institutions, and electronic money institutions in meeting all regulatory requirements and addressing their daily needs, including regulatory compliance, risk management and AML compliance obligations.

In 2020, the EU's European Crowdfunding Service Providers Regulation (ECSP), also known as the Regulation, came into effect, establishing a unified regulatory framework across the EU for crowdfunding services. This standardized approach has streamlined the process for authorized Crowdfunding Service Providers to offer their services across the EU, eliminating disparate legal systems that previously hindered cross-border operations.

RMC assists clients with their compliance to the ongoing requirements and obligations under the Regulation. RMC provides regulatory compliance and AML/CFT services to lending-based crowdfunding and investment-based crowdfunding providers. 

Malta has implemented three pioneering bills, establishing itself as the forefront jurisdiction in creating a robust regulatory framework for fintech and blockchain, nurturing an advantageous environment for distributed ledger technology (DLT) platforms and associated services.

RMC is a leader in fintech and blockchain advancements, collaborating closely with regulatory bodies and industry pioneers. Our team has been actively engaged in this domain since its inception, providing assistance to both local and international clients on blockchain-based projects and cryptocurrency inquiries. RMC service crypto assets advisors, custodians, brokers, exchanges and coin issuers. RMC offers a full spectrum of governance solutions to licensed entities in Malta. 

Malta is a leading jurisdiction in the gaming industry. With the enactment of the Gaming Act in 2018, Malta has solidified its reputation as Europe's gaming headquarters. The Gaming Act, along with its subsidiary legislation and regulations, governs all types of gaming in Malta and establishes the Malta Gaming Authority (MGA), the body responsible for issuing all gaming licenses.

RMC provides ongoing expertly support to ensure compliance with applicable laws and regulations. after the license is obtained. RMC assists licence holders in the drafting and implementation of policies and procedures, GDPR and AML/CFT compliance.  

Malta's insurance and reinsurance industry continues to grow, drawing significant foreign companies to the island. The ongoing success of the sector can be attributed to Malta's robust regulatory framework, its modern and accessible regulatory authority, and a business-friendly environment that offers incentives. Insurance and reinsurances businesses are governed by the Insurance Business Act.

Within the Maltese re/insurance landscape, there are various entities such as insurance managers, captives, brokers, direct underwriters, and reinsurers. RMC has worked closely with a number of players in the industry in providing regulatory solutions in the emerging regulatory landscape. 

Investment services in Malta are governed by the Investment Services Act and the regulations set forth by the Malta Financial Services Authority (MFSA). Investment firms provide a comprehensive suite of services to investors, encompassing the execution of trades, portfolio management, and financial advisory. From executing trades to crafting personalized portfolios, the focus was on maximizing returns while mitigating risks.

The new framework introduced by Directive (EU) 2019/2034 on the prudential supervision of investment firms (IFD) and Regulation (EU) 2019/2033 on the prudential requirements of investment firms (IFR), collectively known as the IFS Package, changes the categorisation of investment services from a service-based approach to a quantitative-based approach, resulting in three classes of investment firms.

RMC helps your business to navigate the complexities of compliance to meet regulatory standards while continuing to serve your clients effectively in this new era of heightened regulatory scrutiny. RMC assists clients in the calculation of the K-Factors: i) Risk to the Client; ii) Risk to the Market; and iii) Risk of the Investment Firm.

In addition, RMC has also been advising and assisting clients on trading facilities with respect to financial instruments. In particular, RMC has been involved in relation to digital financial instruments.

Malta boasts a flourishing professional services sector, comprising notaries, estate agents, and other professionals who offer crucial assistance to both local and international clients. These professionals play vital roles in various domains, such as property transactions, estate planning, and legal guidance.

Recent revisions to the regulatory framework, particularly concerning Anti-Money Laundering and Data Protection, have notably increased the regulatory compliance responsibilities for these sectors. RMC offers expert guidance and support to notaries, estate agents and small to medium legal advisory firms. 

RMC has assisted large enterprises, small and medium enterprises, family business and start-ups which are a critical component to the local economy. 

With RMC’s profound comprehension of the market and our dedication to furnishing impartial and objective counsel, we advise companies in a diverse array of sectors, encompassing industrial and manufacturing, construction, hospitality, healthcare, and financial services.

We establish the business's risk tolerance and create a robust risk management framework to facilitate the identification, assessment, and mitigation of risks. RMC assists in integrating this framework into the company's governance systems, ensuring that risk management becomes ingrained in the everyday conduct of business operations. RMC also assists unregulated businesses with valuations, feasibility studies and financial restructuring.