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ARTICLE · 19 JULY 2023

Establishing A Financial Institution In Malta

KPMG Malta
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In reaching an authorisation decision, the Malta Financial Services Authority ("MFSA") will delve into various aspects of the Applicant, inter alia, its...

MaltaFinance and Banking
Christopher Azzopardi
Christopher Azzopardi
Giselle Borg
Giselle Borg
Ilenia Diacono
Ilenia Diacono
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The Application and Licensing Process

In reaching an authorisation decision, the Malta Financial Services Authority ("MFSA") will delve into various aspects of the Applicant, inter alia, its

(i) profile, which focuses on the Applicant's ownership and group structure, regulatory history and significant events; and

(ii) activity and method of operations including proposed activity, the business strategy and model, governance arrangements and other various areas of focus relevant to the MFSA.

The process for all authorisations is outlined briefly below (timelines are reflective for Credit and Financial institutions):

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1. Intention Stage

  • Applicants are required to submit a Statement of Intent (which is a high-level presentation highlighting, inter alia, the applicant's contact details, proposed organisational structure, type of authorisation required, and business model) to the MFSA.

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