The Malta Financial Services Authority (‘MFSA’) issued a circular explaining the various amendments made to the Investment Services Rulebooks.
In tandem with these amendments new rules have also been incorporated, most notably in relation to Subordinated Loan Agreements (‘SLAs’) falling under MiFID Part BI. This comes as a result of the requirement for license holders to obtain prior approval from the MFSA before engaging in, amending and/or terminating such agreements. Additionally, compliance with all criteria and the provision of an Auditor’s declaration are prerequisites for SLAs.
The circular also displays deleted sections, with the detailed revisions being outlined in the annexes attached to the circulars.
The updated Investment Services Rulebooks can be accessed from the MFSA website.
