The MFSA has issued a consultation paper in order to present to the industry a draft legal notice setting out further regulations to complement proposed rules in a previously issued consultation paper regarding the VFA rules for issuers of VFA. The draft legal notice set out further regulations on [i] the appointment of a custodian; [ii] the monitoring of milestones; and [iii] maximum investment limit for retail customers.
The consultation period will run until the 31st August 2018.
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