Malta:
MFSA Issues Feedback Statement To Industry Responses Related To Consultation Paper On The Virtual Financial Assets Regulations
01 November 2018
Ganado Advocates
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The Malta Financial Services Authority issued a feedback
statement further to industry responses to the MFSA consultation
paper on the Virtual Financial Assets regulations to be issued
under the Virtual Financial Assets Act. The MFSA received 21
responses from a wide range of industry participants and interested
parties. Feedback was mainly related to certain definitions,
exemptions, VFA licence classes, control of assets, reporting,
audits and fees. The full statement can be viewed here.
The authority has now submitted Legal Notices to the minister to
the Parliamentary Secretariat for Financial Services, Digital
Economy and Innovation for approvals.
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.
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