Tuesday 3 July 2012

FinanceMalta 'Insight' Magazine features our Forex article

FinanceMalta's 'Insight' Magazine has featured our article on the growth of the Maltese Forex industry: 'Forex businesses choose Malta as their domicile'. Here's an extract from the full article:

... well-run forex businesses are increasingly concerned with demonstrating and evidencing their reputability, especially in light of recent ESMA warnings against unregulated operations. Malta allows these businesses to obtain a licence in accordance with high European standards, which is bound to be an important boost as clients become increasingly aware of the importance of sound regulation. Secondly, the fact that the business is run in accordance with the European rule book can open up interesting opportunities for cross-border passporting of services, which can lead to significant cost savings.

As a firm we continue to see new engagements and interest in this area on a regular basis, and are confident  that the island can continue growing the sector in the future. Get in touch if you would like to learn more, or visit our dedicated forex page.

Dr Charles Cassar
Financial Services Lawyer
Chetcuti Cauchi, Malta
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