“Malta presents an effective case-study of water management under severe water stress, arising due to our semi-arid Mediterranean climate which significantly limits the availability of natural freshwater resources,” minister Mizzi said. “Climate change projections indicate that this, unfortunately, will increasingly be the case in Europe,” he added.

The minister emphasised the importance of ensuring a common regulatory framework, which could provide that water demands are met while keeping a high level of protection to the water environment even under conditions of chronic water unavailability, according to the DOI press release.

In addition, Minister Mizzi mentioned the significant improvements in the quality of Malta’s marine waters and the increased emphasis on demand management and water reuse which is leading to important reductions in national use of natural water resources.

Such efforts are supported through European Union funds such as the Cohesion Fund, the Regional Development Fund, and the Rural Development Fund.

The post Maltese energy minister urges European water management framework first appeared on The Malta Business Weekly.

In this ten-month-long phase — subject to an extension by the authority — the MGA is open to accept applications for the use of DLT Assets, directly or through third party service providers, by its respective licensees.

Under the updated Licensee Relationship Management System (LRMS) of the authority, new operators are requested to apply for approvals for the use of DLT Assets as part of a New Licence Application, existing licensees are asked to apply for approvals for the purpose of DLT Assets through the application type, and existing licensees wishing to participate in the sandbox environment are requested to report VFA player liabilities through the monthly Player Funds Report, according to the press statement. The MGA also notes that licensees are also required to report on any failed return transactions, for any invalid deposits.

“An approval to participate in the Sandbox Framework is conditional on the applicant holding the relevant licence issued by the MGA, without prejudice to any other regulatory requirements stemming from other applicable legislation, including but not limited to the VFA Act and regulations issued thereunder,” the authority concludes in the press statement.

The post MGA launches first phases of its sandbox framework first appeared on The Malta Business Weekly.