The IFSP will be holding a briefing seminar on the National FDI Screening for its members on Friday, 26 June 2020, from 14:00 to 15:30. The session will be held online via Zoom.
Malta’s National FDI Screening Office is now up and running; just last week, the final versions of the form to be used by practitioners for pre-screening investments was published.
The IFSP has been in discussion with the National FDI Screening Office over the past coupe of months as the NFDISO formulated its procedures. This cooperation sought to achieve a balance between the requirement for screening FDI and the added problems this may cause practitioners in their dealings with customers, coming as it does in the wake of so much additional reporting required for AML and other regulatory purposes.
The broad scope of FDI screening is to ensure, as far as possible, that European capacity in the production and supply of services and products essential for security and public order. More information may be found on the website of the NFDISO or the European Commission’s pages.
Mario Galea, who heads the NFDISO and Bethany Magro, also from the NFDISO will explain the reasons for the office and how it will be working, while Stephen Attard, Council member who has spearheaded the conversation with the NFDISO, will be moderating the session.
I am sure many of you have questions about FDI Screening. I ask that you send your questions to the IFSP Secretariat on email@example.com by close of business on 24 June 2020. We shall get the questions to the speakers to be dealt with on Friday, 26 June 2020.
Please register for the briefing seminar by visiting https://ifsp-org-mt.zoom.us/meeting/register/tJUvdeipqjkiGNOdf5s3Yq0cA7HUmS_EuIp3. After registering, you will receive a confirmation email containing information about joining the meeting.
Please note that this briefing seminar is open to all fully paid up members of the IFSP.