The Malta Institute of Accountants

EU Legislative Interests

The Malta Institute of Accountants is seeking to influence EU policy and decision-making processes of the EU institutions pertaining to, amongst others, accounting, audit and assurance, financial and non-financial reporting, financial services, asset management, banking, insurance, financial institutions, crypto assets, sustainable finance, education, digitalisation, public interest entities, company law, corporate services, governance and professional ethics, anti-money laundering and counter-terrorism financing, taxation policy, data-protection, the recognition of professional qualifications and changes resulting from Brexit and EU-UK Trade and Cooperation Agreement of 2020, specifically including: (i) Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings; (ii) Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards; (iii) Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts; (iv) Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding the statutory audit of public interest entities; (v) Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law, and related directives addressing corporate governance; (vi) Directive (EU) 2018/843 of the European Union and of the Council of 30May 2018 amending Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and amending Directives 2009/138/EC and 2013/36/EU; (vii) Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangement; (viii) Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data; (ix) Directive 2005/36/EC of the European Parliament and of the Council of 7 September 2005 on the recognition of professional qualifications, and any changes to such recognition as addressed by the EU-UK Trade and Cooperation Agreement of 2020, and any other relevant matters. (x) Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting. (xi) Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088. (xii) Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector. (xiii) Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859. (xv) Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011. The Institute is also interested in discourse relating to SME policy, competitiveness, burden reduction and international matters.

Communication Activities

As the recognised approved accountancy body for accountants in Malta, in terms of Article 9 of the Accountancy Profession Act (Cap. 281), the Malta Institute of Accountants (the Institute) undertakes several activities to aid and support its members with relevant guidance relating to audit and accountancy services, as well as through the provision of various educational training activities, which are organised in collaboration with competent authorities and stakeholders. The Institute has also been delegated a number of roles by the Accountancy Board (being the regulator of the accountancy profession in Malta), relating to the monitoring and compliance of Continuous Professional Development. More detailed information on the range of the Institute’s activities can be found at this link: https://www.miamalta.org/Annual-Reports.

Interests Represented

Promotes their own interests or the collective interests of their members

Member Of

The Malta Institute of Accountants is a member of: i) the International Federation of Accountants (IFAC), ii) Accountancy Europe, iii) the Malta Chamber of Commerce, Enterprise and Industry, iv) Finance Malta, v) The Malta Federation of Professional Associations (MFPA), vi) The Federation of Mediterranean Certified Accountants (FCM).

Organisation Members

https://www.miamalta.org/members/members-directory https://www.miamalta.org/member-firms-directory