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Malta makes changes to its pension regulations

We understand that the Malta Financial Services Authority is making changes to its pension regulations which may affect any threesixty clients providing services in relation to Malta based pensions.

One effect of these changes is that from 1 July 2019, investment advisers providing advice on the underlying investments within Malta based personal retirement schemes must be appropriately authorised to provide advice under both the Insurance Distribution Directive (IDD) and the Markets in Financial Instruments Directive (MiFID). For UK based firms, we understand that this is likely to mean holding the relevant IDD and MiFID passports for Malta.

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