Regulatory Alerts2021-11-30
Added · Updated
Approval of Directors of Authorised Persons
Authorised persons regulated by the Competent Authority must obtain prior approval before appointing a director, and no director can be registered with the Malta Business Registry without this approval. The Competent Authority requires the submission of specific meeting minutes as part of the Personal Questionnaire supporting documentation. If the initial minute proposes the appointment, the authorised person must submit the subsequent appointment minute within one month of that meeting. If the initial minute appoints the director subject to approval, the appointment becomes effective from the date of the Competent Authority's approval.
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