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ARTICLE · 12 JUNE 2025

Regulatory Updates On Instant Credit Institutions And ICT Guidelines

GTG Legal
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The Malta Financial Services Authority (MFSA) and the Central Bank of Malta (CBM) are conducting an implementation exercise to...

MaltaFinance and Banking
Neil Gauci
Neil Gauci

Instant Credit Institutions - ICT Guidelines

The Malta Financial Services Authority (MFSA) and the Central Bank of Malta (CBM) are conducting an implementation exercise to transpose Regulation (EU) 2024/886 amending Regulations (EU) No 260/2012 and (EU) 2021/1230 and Directives 98/26/EC and (EU) 2015/2366 as regards instant credit transfers in euro (the "Amending Regulations") into national law.

Amendments to Chapter 3 of the Financial Institutions Rulebook (FIR/03) were recently published, introducing procedures to ensure compliance with the newly established requirements.

The Amending Regulations modify the Payment Services Directive and establish the following conditions for payment institutions and electronic money institutions to request participation in, and participate in, the designated payment systems set out in the Directive on settlement finality in payment and securities settlement systems:

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