Regulatory Alerts2019-01-25
Added · Updated
Circular – A Status Update on the VFA Framework
The Malta Financial Services Authority issued this circular to provide an industry status update on the practical implementation of the Virtual Financial Assets Act. The document details the publication of the Virtual Financial Assets Rulebook chapters, the introduction of a Financial Instrument Test, and the process for submitting VFA Agent and whitepaper registration applications. It further clarifies competence requirements for MLROs, exemptions for systems auditors, and the procedure for obtaining written determinations on specific regulatory exemptions.