Law established the Malta Financial Services Authority (MFSA) on
23rd July 2002. It is a fully autonomous public institution and
reports to Parliament on an annual basis. The MFSA has taken over
supervisory functions previously carried out by the Central Bank of
Malta, the Malta Stock Exchange and the Malta Financial Services
Centre and is now the single regulator for financial services. The
sector incorporates all financial activity including banking,
investment and insurance. The MFSA also manages the Registry of
Companies and has also taken over responsibility as the Listing
Authority.
The organisational structure of the MFSA ensures that the
regulatory and operational functions of the Authority are exercised
within strict legal demarcations. The Board of Governors presided
by the Chairman sets out policy and general direction and is
assisted by the Legal and International Affairs Unit. The Director
of this Unit is also the Secretary to the Board of Governors.
