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ARTICLE · 14 NOVEMBER 2023

MFSA Issues Revamped Corporate Governance Manual For Funds

Camilleri Preziosi
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On 30 October 2023, the Malta Financial Services Authority ("MFSA") issued an updated version of its Corporate Governance Manual for Directors of Collective Investment Schemes (the "Manual")...

MaltaCorporate/Commercial Law
Tristan Said
Tristan Said
Kyle Debattista
Kyle Debattista
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On 30 October 2023, the Malta Financial Services Authority ("MFSA") issued an updated version of its Corporate Governance Manual for Directors of Collective Investment Schemes (the "Manual"), in pursuit of its ultimate strategic goal of strengthening corporate governance, culture, and conduct in the financial services sector.

The Manual supplements theMFSA's Corporate Governance Code (the "Code") issued in August 2022, which established a principle-based and cross-sectoral framework for financial service providers. While the Code provides guidance on almost all entities regulated by the MFSA, the Manual introduces additional best practice principles for collective investment schemes, recognising the unique attributes of funds in order to ensure effective governance and continued stability in the industry.

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