ARTICLE
9 April 2019

Updates To The Depositor Compensation Scheme (Amendment) Regulations

GA
Ganado Advocates

Contributor

Ganado Advocates is a leading commercial law firm with a particular focus on the corporate, financial services and maritime/aviation sectors, predominantly servicing international clients doing business through Malta. The firm also promotes other areas such as tax, pensions, intellectual property, employment and litigation.
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.
Malta Finance and Banking

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.

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