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BUSINESSTODAY 8 October 2020

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€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outright failure - in reviewing the bond issue applica- tions is leaving companies in a bind, with one having recently withdrawn its application after no decision had yet been made after two months.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

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