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ARTICLE · 19 OCTOBER 2023

MFSA Issues A Guidance Note On The Fulfilment Of Post-Authorisation Requirements

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On 4th October 2023, the Malta Financial Services Authority (the "MFSA) published a Guidance Note (the "Guidance Note") on the Fulfilment of Post-Authorisation Requirements ("PARs")...

MaltaFinance and Banking
Kyra Sammut
Kyra Sammut
Julia Darmanin
Julia Darmanin
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On 4th October 2023, the Malta Financial Services Authority (the "MFSA) published a Guidance Note (the "Guidance Note") on the Fulfilment of Post-Authorisation Requirements ("PARs") addressed to all company service providers authorised by the MFSA in terms of the Company Service Providers Act (Chapter 529 of the laws of Malta) ("CSPs").

The MFSA has the power to, inter alia, impose restrictions or conditions, including PARs, upon authorised CSPs, as it deems appropriate, and CSPs which do not comply with PARs within stipulated timeframes may have their authorisation withdrawn by the MFSA. That being said, CSPs may and are encouraged to inform the MFSA as soon as possible, preferably before the expiration of the stipulated time frame, if they encounter any difficulties when implementing any PARs.

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