On 18th May 2021 the MFSA ("Authority") published a
Feedback Statement following a Consultation which pondered the need
to revisit the Corporate Governance Framework. After receiving
responses from a wide spectrum of industry participants, the MFSA
carefully weighed the feedback.
Through the Consultation Document on Revisiting the Corporate
Governance framework for entities authorised by the MFSA and Listed
entities, the MFSA laid down several proposals to promote a
comprehensive principles-based, cross-sectoral Corporate Governance
Code, supplemented by sector-specific MFSA Rules and complementing
guidelines/sectoral codes.
Some of the highlights of the above are the raised Corporate
Governance standards for Authorised Persons, in order to assure
that governance is held as a top priority, becoming intrinsic to a
firm's culture.
