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ARTICLE · 19 FEBRUARY 2024

MFSA Issues An Updated Corporate Governance Manual For Funds

On the 30th October 2023, the Malta Financial Services Authority (‘MFSA') issued an updated version of the ‘Corporate Governance Manual for Directors of Collective Investment Schemes'.

MaltaCorporate/Commercial Law

On the 30th October 2023, the Malta Financial Services Authority ('MFSA') issued an updated version of the 'Corporate Governance Manual for Directors of Collective Investment Schemes'. The Manual is complementary to the new 'Corporate Governance Code' published by the MFSA in August 2022, and focuses on the principles that should be followed by directors of local collective investment schemes.

The updated Manual introduces additional best practices and principles specific to the funds sector whilst seeking to bring the Manual in line with the Corporate Governance Code. In doing so, the MFSA aims to advance efficient and strong governance, strengthen the compliance culture and guarantee the sector's continuous stability, soundness and growth.

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