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ARTICLE · 04 APRIL 2018

Financial Services Sector Registers Further Growth

Finance Malta
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The financial services sector in Malta continued to register growth in 2017 with the issuance of various licences and authorisations predominantly in the areas of insurance business, investment services, investment funds and trust.

MaltaFinance and Banking
Finance Malta
Finance Malta
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The financial services sector in Malta continued to register growth in 2017 with the issuance of various licences and authorisations predominantly in the areas of insurance business, investment services, investment funds and trust.

The number of insurance undertakings authorised to conduct insurance activities under the Insurance Business Act reached 63 at the end of 2017, representing an increase of three net licences when compared with the previous year. In 2017, the Authority granted registration certificates to five new retirement schemes.

Investment services also continued to register growth in the year under review with 162 investment services companies licensed with the Authority at the end of 2017. This represents a net increase of six licences when compared with year 2016.

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