The MFSA Publishes The Corporate Governance Code For Authorised Entities

On the 5 August 2022, the Malta Financial Services Authority (the "MFSA") published the Corporate Governance Code (the "Code") which is applicable to all persons authorised by it. The publication was accompanied by a Feedback Statement which includes the key feedback received from the industry following a public consultation issued on the 22 February 2022 and MFSA's response and position on the matters raised by stakeholders.

The Code applies to all persons authorised by the MFSA to provide financial servicesin or from within Malta such as credit institutions, financial institutions, payment institutions, insurance companies and investment firms. The MFSA has however clarified that the Code is not applicable to: (i) authorised Listed Entities falling within the scope of the MFSA Capital Market Rules, given that these already include specific governance provisions applicable to such entities; and (ii) authorised persons who are natural persons (individuals).