Through this discussion paper, published on the 28th
of October, the MFSA seeks to bolster growth in the asset
management industry. To achieve this, the MFSA has identified four
pillars in respect of which it will focus its efforts.
Specifically, the MFSA has recognised the need to become more
pragmatic and dynamic in its regulatory approach. It is proposed
that this is achieved through a revamp of the current asset manager
and fund regulatory frameworks, while also improving upon internal
supervisory processes. The scaling up of fintech across the asset
management industry is another reality which needs to be understood
and facilitated, while implementing adequate controls.
To achieve the above, the regulator will foster dialogue with
industry players, both locally and internationally, thus enabling a
holistic approach to asset management regulation and
supervision.
