The Malta Financial Services Authority has published a Dear CEO letter to companies listed on the Malta Stock Exchange that fall under its supervisory remit, setting out supervisory expectations to improve the clarity, timeliness and accessibility of market disclosures following a thematic review. The 2024 review assessed company announcements from 90 listed companies and found delays and inconsistencies in reporting key events such as board meetings and financial results. It also noted that, despite growth in the number of listed companies, the frequency of market announcements had not increased accordingly, alongside instances of poorly formatted or inaccessible disclosures such as scanned documents, announcements missing supporting materials like annexed interim financial statements and financial analysis summaries, and unclear communication on shareholder participation in governance, particularly director nomination processes. The MFSA expects listed companies to publish annual financial calendars, provide timely and informative updates, use accessible digital formats, and improve transparency around shareholder rights. Ongoing monitoring will be supported through guidance, supervisory meetings and further reviews.

Original source View in tracker