Online Course: The CSP Rulebook for Directors – Session 1

The MFSA’s newly published CSP Rulebook establishes a new regulatory framework for persons providing CSP services, which include acting as director or company secretary. This is a new environment, and requires all CSPs, including directors, to seek a licence from the MFSA.

The Rulebook came into effect immediately it was published, which gives any practitioner who needs to obtain a license a two month window within which to apply. This does not mean every CSP: those who are already registered with the MFSA under the outgoing framework will automatically be granted an authorisation under the CSP Act, and they should shortly be contacted by the Authority in relation to their class categorisation.

Scope of the seminar series

Any person offering one of the CSP services – including those offering directorship or company secretarial services – who is not already registered as such will need to apply for authorisation over the coming two months. This series aims to provide the base preparation needed to prepare and submit an application for authorisation, and thereafter to comply with the Rulebook.

Who should attend

This seminar series is aimed at directors, many of whom will be required to apply for authorisition within this initial two month period, ending on 16 May 2021.

What will the seminar series cover

The series will consist of three sessions. The changes to the CSP Act, and the interaction between the Companies Act and the newly fledged CSP Framework will be dealt with during one session. A further session will tackle the nexus between the CSP Framework and anti-money laundering requirements, while the final session will tackle implications of the CSP Rulebook itself. A representative of the MFSA will participate in this session in order to provide participants with guidance on the Authority’s interpretation of the Rule.

All sessions will be held online via Zoom.   Any materials required for the seminars will be provided in advance of the relevant session.

Agenda

S1: 07th April: 16:00-18:00

• AML for Class B CSPs (Directors) [Juanita Bencini] 120 mins

S2: 09th April 16:00-18:00

• Directors Duties (Directors’ duties in terms of the Companies Act, CSP Act and CSP Rulebook) [Malcolm Falzon] 90 mins
• CSP Act : What’s been updated in the 2020 version? [Alistair Schembri] 30 mins

S3: 12th April: 16:00-18:00

• CSP Rulebook / Broad Principles & Case Studies [Nick Captur] 60 mins
• FAQs / Q&As from delegates [MFSA Guest Speaker] 60 mins

All sessions will be held online via Zoom.

Registration

General registration fee: €200

IFSP and IoD (Malta Branch) Members: €150