Following the amendments made to the Company Service
Providers Act (Cap 529 of the Laws of Malta) which was
passed by Parliament as Act No. L of 2020 and published on 13th
November 2020, the MFSA has issued a Feedback Statement following
a Consultation Document on the Updated Company
Service Provider (CSP) Rules, and is now fully pursuant to the
aforementioned.
The revised CSP Rules see the addition of new concepts
introduced by the reform and the revision to specific issues raised
by the interest and contribution of industry and interested parties
alike.
Particular attention was brought to the exemptions and the
under-threshold classification sections.
A spotlight was also cast on persons who are currently exempt
from or do not require registration, and instead are being nestled
under the CSP Act, and now requiring an authorisation.
