The Malta Financial Services Authority has issued a Circular to
the Financial Services Industry in relation to the MFSA's
Authorisation Process.
Following the Press Release issued on 14 February, announcing a number of organisational changes and senior
leadership team appointments, including the overhaul of the
Authorisation function, the MFSA is currently in the process of
merging sectoral authorisations into their respective supervisory
functions. This will ensure consistency in the regulatory approach
and a more efficient supervisory process throughout the lifecycle
of authorised firms, which fall within the oversight of the
MFSA.
To ensure transparency and efficiency, MFSA staff processing
applications will be in regular direct contact with applicants (or
their advisers, where applicable) regarding the status of their
application(s).
