Malta is in full conformity with the requirements related to international transparency standards and exchange of information for tax purposes.

Compliance with Solvency II, a crucial step for Malta's insurance community to maintain growth, has been tackled extensively by the Malta Risk & Insurance Report 2015.

The MFSA has issued a consultation document on the proposed transposition of the UCITS V Directive.

The MFSA carries out its Supervisory Review Processes taking a risk-based, proactive and proportionate approach to the supervision of licence holders across all sectors.

Consumer needs change, financial products are developed and financial markets continuously evolve and innovate.

The European Commission has on August 1, 2016 issued a public consultation document in preparation for the Review of the EU Macro-Prudential framework.

Despite a very challenging global economic environment in 2015, financial services in Malta have continued to expand.

The consultation procedure in relation to the proposed Conduct of Business Rulebook will take place over two phases.

On 1st August 2013, the European Securities and Markets Authority published its opinion on arrangements for the late transposition of the AIFMD.

The Bank Recovery and Resolution Directive (BRRD) establishes a comprehensive framework for authorities to deal with failing banks at the national level.

The Securitisation Cell Companies Regulations were introduced by Legal Notice 411 of 2014.

The MFSA performed a number of EMIR related on-site inspections to verify the extent of implementation of the EMIR regulation by the industry.

Changes in EU regulation and further consolidation across the financial services sector have continued to drive growth in financial services during 2014 as total number of licences topped the 800 mark.

The European Insurance and Occupational Pensions Authority (EIOPA) launched today an EU-wide stress test for the European insurance sector.

5,019 new companies were registered in the Registry of Companies in 2014. This represents an increase of 10.8 per cent over the previous year.

During 2015, the Conduct Supervisory Unit within the MFSA embarked on an extensive desk based compliance review of Trusts and Fiduciaries following a thematic questionnaire where data was collected from a number of authorised persons.

Financial regulation is designed to achieve key policy goals among which are the safety and soundness of financial institutions, the mitigation of systemic risk, the fairness and efficiency of markets and the protection of the consumer and investor.

The Malta Financial Services Authority is pleased to present this report of its activities in 2013.

Malta’s Vision for the Future of Asset Management was outlined by Chairman Prof JV Bannister during the Third Annual Malta Spring Fund Conference.

The recent innovative regulatory changes have been the subject of a feature published this month in Hedgeweek Special Report - Malta Alternative Investment Fund Services 2015.