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Regulatory News
Here you can find the latest regulatory news from the MFSA, MGA, and FIAU, analysed by Mazars in Malta.
MFSA publishes 2019 Annual Report
The Malta Financial Services Authority recently published its annual report and financial statements for the year 2019. Among the highlights of the Authority’s performance in that year, the Report mentions the launch of the MFSA’s Vision 2021, its FinTech Strategy, as well as the development and publication of the MFSA’s three-year strategic plan for 2019 – 2021.
FinTech: MFSA Circular addressed to VFA Service Providers
The Authority has taken the decision to revisit certain obligations, thus adopting a more principles-based approach, whilst ensuring effective investor protection, financial market integrity, and financial stability.
MFSA: Call for enhanced cyber security awareness
Due to the ongoing increase of cyber incidents and observed attack patterns, the MFSA notes that financial institutions may be the target of malicious attack campaigns.
FIAU: Revisions to ‘Implementing Procedures Part I’
The aim is to provide subject persons with more guidance in order to better carry out their AML/CFT obligations.
ESMA sets out expectations regarding the application of IAS12
ESMA has issued a statement with respect to the application of the requisites relating to the recognition, measurement and disclosure of deferred tax assets arising from unused tax losses in IFRS financial statements.
MFSA and legal updates July 2019
Latest updates from the Malta Financial Services Authority related to Brexit and recent legal notices.
MFSA Updates March/April 2019
MFSA updates related to Company Service Providers, Trusts and Fiduciaries; Revision to the Conduct of Business Rule-book and Solvency II for Insurance and Reinsurance Undertakings.
The FIAU launched CASPAR
March 2019 - The Compliance and Supervision Platform for Assessing Risk (CASPAR) is an online tool created by the FIAU with the aim of processing the submission of the Risk Evaluation Questionnaire (REQs).
MFSA updates: AML & Virtual Financial Assets
Here you can find a summary of the latest updates from the Malta Financial Services Authority (MFSA).
MFSA updates: Closet Indexing, VFA Act & Insurance Distribution rules
Here you can find a summary of the latest updates from the Malta Financial Services Authority (MFSA).