In light of recent developments in Malta connected to the COVID-19 pandemic, our offices are closed for the public until further notice. The Institute is ensuring that its workplace is a safe one with all appropriate health and safety measures put into place. We remain...
The MFSA would like to draw the attention of its licence holders and the general public to possible fraudulent schemes or financial scams which may try to take advantage of COVID-19 outbreak to target entities and individuals with the aim of misappropriating funds and/or obtaining...
The European Commission issued an inception impact assessment on its action plan to fight tax evasion and simplify taxation. The information is also available on a PDF document. This is the first step in a roadmap which will lead to an upcoming strategy planned for...
Please note the following announcement issued by the Malta Business Registry. The MBR would like to bring to your attention that amendments to the Merchant Shipping (Shipping Organisations - Private Companies) Regulations (S.L. 234.42) were published in the Government Gazette No. 20,351 on the 21st February...
Following the restructuring which took place early last year, the MFSA has been actively engaged in strengthening its organisational capacity by creating new operational and supervisory functions which include risk management, supervisory ICT and cybersecurity risk, financial crime compliance, data management & business intelligence, FinTech,...
Register of Beneficial Owners and trusts Applies to all trusts from 10 March 2020 11 February 2020 The IFSP and STEP Malta have been in discussion with the MFSA about the Register of Beneficial Owners (RBO) for trusts. We urge you to keep in mind that the relevant EU...
MEPs have backed the Brexit deal by 621 to 49 votes, paving the way for the UK to leave the European Union on Friday (31 January). After an emotional debate that lasted more than two hours, MEPs joined hands after the vote for a rendition of...
Today the MFSA published a Feedback Statement following a Consultation Document on Pillar 1 of the FinTech Strategy – Regulations. The Feedback Statement provides the MFSA’s position in relation to the proposed initiatives within the Consultation Document, namely the implementation of the MFSA FinTech Regulatory...
The real negotiations are about to kick off. Following the recent elections in the United Kingdom, the Withdrawal Agreement was approved by the House of Commons on 24 January. This means that unless something extraordinary happens in the coming days, the UK will leave the Union...
The IFSP’s 2020 Conference to be held on the 21st February The financial services industry is in an unprecedented state of flux. Practitioners face the onslaught of seemingly endless regulations, alongside the challenges posed by jurisdictional reputation issues, banking issues, onerous responsible taxation rules and ever increasing public scrutiny. Never before have the financial...