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ARTICLE · 16 FEBRUARY 2021

A CSB Fintech Ltd Client Received A Class 2 VFA Licence

CSB Group
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We are happy to share that the MFSA has officially issued a class 2 VFA licence to CSB Fintech's clients, Staern Limited.

MaltaTechnology
Franklin Cachia
Franklin Cachia
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We are happy to share that the MFSA has officially issued a class 2 VFA licence to CSB Fintech's clients, Staern Limited. Such a licence allows them to provide reception and transmission of orders as well as the execution of orders on behalf of experienced investors and non-experienced investors.

CSB Fintech had reached an important milestone in October 2020 when Staern Limited received an  in-principle approval by the MFSA for a Class 2 Virtual Financial Asset Service Provider Licence, becoming one of only a few that received such an approval at that time.

Class 2 licence holders are authorised to provide any VFA service but are not able to operate a VFA exchange or deal for their own account but they may hold or control clients' assets or money in conjunction with the provision of a VFA Service.

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