Malta:
MFSA Circular To The Market Relating To The Assessment Required Prior To Proposing Individuals For Approved Positions
19 April 2017
Ganado Advocates
To print this article, all you need is to be registered or login on Mondaq.com.
The MFSA issued a Circular highlighting the importance for
regulated entities to conduct an appropriate assessment in all
instances prior to proposing the appointment of individuals to be
involved in or to hold key functions in a regulated structure, also
when these are already known to the MFSA.
The areas identified in the Circular relate to sufficient time
commitment to perform the functions of their office or role, the
commitment to remain compliant with the provisions contained
particularly in both the Civil Code (Chapter 16 of the Laws of
Malta) and the Trusts and Trustees Act (Chapter 331 of the Laws of
Malta) with respect to the avoidance of any conflicts of interest,
and transparency in fully disclosing all relevant details
with respect to pending investigations and litigation.
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.