Regulation

Partners

One of the specialists we partner with is CompliReg. A leading provider of regulatory services. The Founder, Peter Oakes, also serves as a non-executive director of regulated MiFID, emoney and payment services and is happy to consider directorships of regulated Maltese financial services firms.
Given the specialist nature of fintech and regulation Fintech Malta is happy to work with other partners. Get in contact if you have demonstrable experience in working with fintech.

Malta FSA releases highlights of 2023

On 26 June 2024, the MFSA released its 2023 Annual Report. This followed the day after our Peter Oakes spoke at the Digital Malta Conference.

Watch the Fintech Malta curated movie reel adjacent

Read the MFSA Annual Report for 2023 adjacent

Regulation and Authorisation

One of the questions we are routinely asked is 'What are the regulatory requirements and benefits of establishing a regulated presence in Malta?

Since Brexit, through our partnership with Fintech UK, we have fielded many such questions and worked with partners to help firms navigate the Maltese regulatory landscape. If you wish to have a discussion on getting authorised or registered in Malta, see our contact page.

Did you know that Malta Financial Services Authority (MFSA):

is the single regulator of financial services in Malta. It is also the Resolution Authority.
regulates banking, financial institutions, payment institutions, insurance companies and insurance intermediaries, investment services companies and collective investment schemes, securities markets, recognised investment exchanges, trust management companies, company services providers and pension schemes. Since 2018, it is also responsible for regulating Virtual Financial Assets.
was set up through an Act of Parliament (Chapter 330 of the Laws of Malta).
its main functions include the protection of consumers, integrity of financial markets, financial stability and the supervision of all financial services activities.
it also holds an advisory role to Government in the formulation of policies on matters relating to the financial services industry. In the carrying out of its functions, the MFSA collaborates closely with local and international institutions.

Interesting to see that the Maltese regulator, Malta Financial Services Authority, is quick off the mark when it comes to the (current) final draft of #MiCA.

See this article on the 'The European Markets in Crypto-Assets Regulation (MiCA) and What It Means to the MFSA and Malta'.

Read the MFSA Strategic Statement published 1st February 2023 here

01 February 2023: The MFSA has released its Strategic Statement. Some areas of interest Fintech Malta notes include:

the MSFA will leverage its strengths and competences to ensure that Malta becomes the leading jurisdiction in the transposition and absorption of the EU Digital Finance Package.
digitalisation will continue reshaping the way financial services will be provided in the future. This brings on new challenges and opportunities, as well as new financial and operational risks for which the MFSA must be prepared.
supervisors will need to have trust in new technologies which regulated entities may rely on not just to do their business but particularly to carry out their governance, risk management and control functions.
the MFSA will keep Fintech and BigTech developments under review.
the regulation of the payments industry as a hub of developing digital activity, the evolution of open finance and online and multi-channel delivery platforms, together with further evolution in digital financial products and decentralised infrastructures, will remain areas of strategic focus.
regulators will seek to develop new regulatory concepts and supervisory techniques to mitigate the inherent risks while allowing innovation to enhance the financial services offering and Malta’s potential as a jurisdiction.
the MFSA will ensure that necessary legislative interventions are made in a timely manner.