On the 23rd of January 2024, the Malta Financial
Services Authority (the “MFSA”)
released a circular, wherein it announced certain changes to the
Rulebook for Company Service Providers (“CSP
Rulebook”). The changes came into effect on the same
day.
This set of updates to the CSP Rulebook focuses mainly on
streamlining and simplifying regulatory submissions requirements
for Company Service Providers
(“CSPs”), namely:
- CSPs are no longer required to submit the Certificate of
Compliance which would have been due on the 31 December or each
year;
- Under Threshold CSPs are no longer required to submit Annual
Self-Declarations;
- individual CSPs are no longer required to submit standalone
Annual Financial Returns, Statements of Solvency or the
accompanying Balance Sheet;
