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ARTICLE · 08 OCTOBER 2024

Updates On Chapter 3 Of The Financial Institutions Rulebook

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The Malta Financial Services Authority (‘MFSA') has revised Chapter 3 of its Financial Institutions Rulebook (‘FIR/03'), to strengthen the regulatory framework for payment institutions...

MaltaFinance and Banking
Jessica Agius
Jessica Agius
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The Malta Financial Services Authority ('MFSA') has revised Chapter 3 of its Financial Institutions Rulebook ('FIR/03'), to strengthen the regulatory framework for payment institutions, as well as e-money institutions. Following consultations with stakeholders, the updated rules, along with the Financial Institutions ('FI') Return and guidance notes, have been now published. Feedback from the previous consultations has been also published highlighting and summarising the key points extracted as well as the resulting adjustments made.

The new FIR/03 will be implemented in two (2) stages:

  1. Stage 1 (15th October 2024): The implementation of most provisions except those relating to governance and safeguarding requirements. These requirements were already included in the previous version of FIR/03.

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