MLT GVT Algorithmic Trading Law

On Oct. 4, MLT GVT issued updated regulations on algorithmic trading.

  • MLT GVT issued Algorithmic Trading (Amendment) Regulations 2024, (OG L.N. 250/2024), Financial Markets Act (cap. 345), and Investment Services Act (cap. 370).
  • Scope of Regulations
  • The scope of these regulations is to transpose Article 6(2)(a) of DORA Dir 2022/2556.
  • Also, amending Directives 2009/65/EC, 2009/138/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU, 2014/65/EU, (EU) 2015/2366 and (EU) 2016/2341 in relation to DORA.
  • Algorithmic Trading regulations sets out provisions on risk, controls, ICT, and business continuity, and reduces erroneous transactions to ensure trading remains effective.
  • Effectiveness
  • Algorithmic Trading regulation will become effective on Jan. 17, 2025.

Regulators MLT GVT
Entity Types Corp; Depo; Exch; IA
Reference OG L.N. 250/2024, 10/4/2024; FOR-2019-02-15-152; DORA Dir 2022/2556, Reg 2022/2554; IORP Dir 2016/2341, Dir 2003/41; Citation: OG L.N. 250/2024;
Functions BCS; Compliance; C-Suite; Cyber; Legal; Operations; Risk; Technology; Trade Reporting; Trading
Countries Malta
Category
State
Products Clearing; Corporate; Fund Mgt
Regions EMEA
Rule Type Final
Rule Date 10/4/2024
Effective Date 1/17/2025
Rule Id 228932
Linked to N/A
Reg. Last Update 10/4/2024
Report Section EU

Last substantive update on 10/09/2024