The MFSA has issued a Consultation Document on revisions to the rules governing Corporate Services Providers (CSPs). The proposed rules represent one of three legs of radical reform of Malta’s CSP regime.
The reforms will bring more CSP providers in scope of the regime, and lead to a raising and levelling up of standards. These reforms were initially flagged in the MFSA’s October 2019 consultation titled ‘Raising the bar for company services providers’; the direction of policy has largely been driven by recommendations from Malta’s recent Moneyval inspection.
The closing date for the Consultation is Friday 15 January 2021.
Click on the link to access the Consultation Document: https://bit.ly/3lpxNAs