Introduction
The MFSA carries out its Supervisory Review Processes taking a
risk-based, proactive and proportionate approach to the supervision
of licence holders across all sectors.
The Securities and Markets Supervision Unit ("SMSU")
within the MFSA responsible for the regulation and supervision of
investment services companies, collective investment schemes, fund
management and related fund services operations, admissibility to
listing on recognised investment exchanges, and oversight of
financial markets. As part of its supervision duties, SMSU carries
out onsite inspections at licence holders falling under its remit.
Broadly speaking, onsite visits take the form of thematic reviews,
focused visits or broad scope visits. These visits may be planned/
scheduled beforehand or they may be conducted on a surprise basis.
Surprise visits are typically triggered by particular events or
serious supervisory issues surrounding the licence holder in
question.
