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ARTICLE · 10 JANUARY 2020

MFSA Issues VFA Regulations Amendments

The Authority recognises the need to grant additional time to existent operators in order to satisfy the said requirement.

MaltaTechnology

The Authority recognises the need to grant additional time to existent operators in order to satisfy the said requirement. In this regard, and with reference to entities: i. operating under the transitory provision in terms of Article 62 of the VFA Act and wishing to continue providing VFA Services following the expiry of the transitory period – the requirement to have such a Live Audit Log in place shall be imposed as a post-licensing condition.

Compliance Certificate

The contents of the Compliance Certificate will be predominantly based on the Compliance Monitoring Plan carried out by the entity s CO. Compliance Certificates shall now include:

i. the outcome of the CO s Compliance Monitoring Plan, including a list of breaches identified thereof;

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