MFSA Issues Feedback Statement On Raising The Bar For Company Service Providers

Following a consultation process on raising the bar for Company Service Providers ('CSPs'), the MFSA has, on the 9^th April 2020, issued its feedback statement wherein cognisant of the response received from the relevant stakeholders, the MFSA has revisited its proposals on the regulatory framework. However, in so doing, the MFSA has retained as its primary objectives, raising standards for CSPs across the board and addressing concerns raised by MONEYVAL in the Mutual Evaluation Report.

In order to attain these goals, the MFSA had put forward a number of proposals aimed at reviewing the regulatory framework for CSP regulation which proposals have been reviewed by the Authority in light of the feedback received as follows: