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ARTICLE · 13 DECEMBER 2024

The New Financial Institutions Rulebook And Return

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On May 21, 2024, the Malta Financial Services Authority ("MFSA" or "the Authority") issued a Consultation Document addressing the updated Chapter 3 of the Financial Institutions Rulebook ("FIR/03").

MaltaFinance and Banking
Chanelle Meli
Chanelle Meli
Jeremy Mifsud Bonnici
Jeremy Mifsud Bonnici
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Background

On May 21, 2024, the Malta Financial Services Authority ("MFSA" or "the Authority") issued a Consultation Document addressing the updated Chapter 3 of the Financial Institutions Rulebook ("FIR/03"). This initiative was part of the Authority's commitment to establishing a robust regulatory framework for payment and e-money institutions aimed at aligning Maltese financial regulations with evolving EU standards and best practices. The consultation invited input from stakeholders on the proposed rules, which aim to provide a comprehensive set of ongoing obligations for licensed institutions. Subsequently, on June 12, 2024, the MFSA released a follow-up consultation focused on the FI Return, a specialised regulatory reporting tool designed to enhance supervisory oversight. This consultation included draft guidance notes and a prototype of the FI Return.

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