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ARTICLE · 22 JANUARY 2019

MFSA Issues Circular To Issuers Of VFAs

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On the 15th of January, the Malta Financial Services Authority (MFSA) issued a circular to issuers of VFAs that serves as an extension to the circular to issuers of VFAs dated 24 December 2018.

MaltaFinance and Banking
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On the 15th of January, the Malta Financial Services Authority (MFSA) issued a circular to issuers of VFAs that serves as an extension to the circular to issuers of VFAs dated 24 December 2018. Yesterday's circular includes the next steps that persons undertaking an activity in terms of Article 3 of the Virtual Financial Assets Act need to undertake and is particularly relevant to those:

  1. availing themselves of the transitory period under Article 62(1)(a) of the Act; or
  2. falling within scope of the exemption under Regulation 3 of the Virtual Financial Assets Regulations but will continue their offering after the 31 January 2019.

Such applicants are to proceed to complete and submit Stage One of the Whitepaper Registration Form by 31 January 2019.

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