The MFSA has issued a consultation paper in order to present to the industry a draft legal notice setting out regulations on [i] the high level principles which VFA Agents must adhere to; [ii] the registration requirement and the respective registration process; [iii] the ongoing obligations for the VFA Agents; and [iv] enforcement and sanctions in the event of misconduct by VFA Agents.
The consultation period will run until the 31 July 2018.
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.