Globe Financial Management Ltd, a member of The Global Group, recently held highly informative and very well-attended talks in Malta and Gozo aimed at informing clients about a number of highly topical issues.

The talks were introduced by Wealth Management group head Kenneth Spiteri and The Global Group senior manager Adrian Galea covered the EU Savings Directive, the Investment Registration Scheme and Malta’s entry into the Exchange Rate Mechanism (ERM II).

Mr Galea began his talk by explaining how the EU Savings Directive, whereby some countries will be exchanging information while others will offer investors the option of choosing between withholding tax on income or the exchange of information, came into force. Of particular interest to the audiences was the Investment Registration Scheme, with a number of uncertainties being clarified by Mr Galea.

In the last part of his presentation, Mr Galea touched upon the Maltese lira and euro, in view of Malta’s entry into the ERM II. He took a number of questions from the audience, which further emphasised the highly topical nature of the issues being discussed.

Mr Spiteri stressed that the 16 June deadline for registering overseas assets was fast approaching and investors should seek advice and not leave it to the very last minute.

The Global Group is made up of Globe Financial Management Ltd, British American Insurance Co. (Malta) Ltd, BUPA Agencies Ltd, Globe Fund Advisors Ltd and MY Insurance Brokers Ltd, all of which are licensed by the Malta Financial Services Authority. The group also includes Quadrant Ltd, which operates as a property management and consultancy company.