The reform to the Company Service Provider (CSP) regime
introduced on 16 March 2021 by the Company Service Providers
(Amendment) Act, 2020 brought with it a revamped CSP Rulebook
(Rulebook). As previously exempt CSPs continue to work towards
applying for their licences by the impending 16 May 2021 deadline,
they are also looking at what their obligations will be should they
be granted authorisation by the Malta Financial Services Authority
(MFSA). The same is being done by CSPs who were already registered
with the MFSA before the reform took place and who must ensure full
compliance with the amended rules by no later than 16 September
2021.
As a CSP, you must look to the Rulebook as the primary document
outlining the ongoing obligations you will need to comply with once
authorised. Although much hope was pegged to a clear delineation of
the applicability of the rules by CSP classification (see our
article
here as regards CSP classifications), even a quick read of
