Malta:
MFSA Publishes Consultation Document On The Provision Of Independent Compliance Audits
02 October 2019
WH Partners
To print this article, all you need is to be registered or login on Mondaq.com.
On the 22 July 2019, the MFSA issued a Consultation Document on
the provision of Independent Compliance Audits, which seeks to
strengthen the MFSA's supervisory engagement, maintaining
Malta's reputation as a jurisdiction of choice when it comes to
the financial services sector, whilst also safeguarding consumer
interests.
This Consultation Document proposes how MFSA intends to
introduce a new supervisory tool, which will allow the Authority to
appoint, or to require licensees or other persons to appoint,
qualified persons to undertake independent compliance audits in
relation to the firm's activities.
The Consultation Document can be accessed
here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Malta
Contemporary Trends In Corporate Banking
Elias Neocleous & Co LLC
With the ever-evolving global financial landscape, the rapid pace of technological advancements and high customer expectations, the future of corporate banking is set to undergo...
Cayman Islands Investment Funds Update Q1 2024
Carey Olsen
Our investment funds team outline the latest developments within the investment funds market in the Cayman Islands including the removal of the jurisdiction from the Financial Action Task Force...
Trading Standards: Application To Your Business
Appleby
The Trading Standards (Fair Trading) (Guernsey) Ordinance, 20231 (Ordinance) came into force last October and created a new statutory framework for consumer protection and fair trading in Guernsey.