This country-specific Q&A provides an overview to Fintech
law in Malta.
It will cover open banking, regulation of data,
cryptocurrencies, blockchain, AI and insurtech.
This Q&A is part of the global guide to Fintech. For a full
list of jurisdictional Q&As visit http://www.inhouselawyer.co.uk/index.php/practice-areas/fintech/
1. What are the sources of payments law in your
jurisdiction
One of the main laws regulating payments in Malta is the
Financial Institutions Act (Chapter 376)
('FIA') which is the key act transposing
the EU Payment Services Directive (Directive 2007/64/EC)
('PSD') This Act is complemented with
subsidiary legislation, particularly the Credit Institutions and
Financial Institutions (Payment Accounts) Regulations, as well as a
suite of Financial Institutions Rules issued by the Maltese
financial services regulator, the Malta Financial Services
Authority (the 'MFSA'). The enactment of
the FIA resulted in the introduction of payment
