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ARTICLE · 30 MARCH 2020

COVID-19: MFSA Extends Regulatory Reporting Deadlines For Credit Institutions

Mamo TCV Advocates
Mamo TCV Advocates
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Mamo TCV Advocates

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MFSA Extends Regulatory Reporting Deadlines for Credit Institutions.

MaltaFinance and Banking

In light of the COVID-19 pandemic, the MFSA has announced that it will be accepting delays in some of the reporting requirements relating to submissions as required from credit institutions and which fall due by March or April 2020.

Audited Annual Financial Statements

Extensions for the submission of the Audited Annual Financial Statements and/or the Management Letter due by March or April 2020 will be granted to credit institutions on a case-by-case basis, following an official request by the credit institution

Payment Accounts with Basic Features

The MFSA will be granting credit institutions having payment accounts with basic features, an extension of two months for the completion of the Q1 submission falling due by March or April 2020.

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