€1.50
THURSDAY 8 OCTOBER 2020 • ISSUE 78
WWW.BUSINESSTODAY.COM.MT
PAUL COCKS
ACCOUNTANTS, financial servic-
es providers and firms are bemoan-
ing the fact that applications to is-
sue bonds have been taken ages too
process, and are blaming the unac-
ceptable delays on the failure of the
listing committee to meet regularly,
BusinessToday has learned.
e delay - or outright failure - in
reviewing the bond issue applica-
tions is leaving companies in a bind,
with one having recently withdrawn
its application after no decision had
yet been made after two months.
e review of bond issue appli-
cations falls under the remit of the
Malta Financial Services Authority,
as the financial services regulator.
In one example, on 4 August 2020,
Premier Capital plc, the develop-
mental licencee for McDonald's in
six European markets, announced
that it had submitted an applica-
tion to the MFSA's listing authority
requesting the admissibility to list-
ing of €20,000,000 Premier Capital
p.l.c. 3.75% unsecured bonds 2026,
with a nominal value of €100.
PAGE 3
Editorial PAGE 7
GETTING ITS ACT TOGETHER
Delays in bond listing review
process draw applicants' ire
PAGE 3
PAGE 5
Malta Business Registry
publishes its strategic
plan for 2020 to 2025
A shi in focus to put its people first sees
Affinity Group reaping immediate rewards
MFSA to enhance review process in bid
to improve turnaround times
Customs'
procedural
guidelines in
case UK, EU
Brexit deal
remains
elusive
