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ARTICLE · 18 MARCH 2021

IFSP Welcomes Publication Of New CSP Rulebook

Finance Malta
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The MFSA last night, 15 March 2021, published the new Company Service Providers (CSP) Rulebook, which translates the updated CSP Act into a workable regulatory framework

MaltaFinance and Banking
Finance Malta
Finance Malta
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The MFSA last night, 15 March 2021, published the new Company Service Providers (CSP) Rulebook, which translates the updated CSP Act into a workable regulatory framework

CSPs requiring authorisation will be able to submit their applications to the Authority through the MFSA's LH Portal between 16 March 2021 and 16 May 2021 for authorisation in terms of the CSP Act. Note that any CSP already in possession of a registration as a CSP do not need to submit an application. Their registration will automatically be converted to an authorisation under the CSP Act and they will be contacted by the MFSA in relation to their class categorisation.

The CSP area - covering the formation of companies and other legal entities, the acting as or arranging for the provision of directors and secretaries of a company or partnership or similar position in relation to other legal entities, and the provision of registered office services - has been brought into a regulated environment

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