Regulatory Alerts2020-07-15
Added · Updated
Circular addressed to all Licence Holders regarding their obligations in relation to record keeping
Licensed entities are required to retain accurate documentation and records relating to governance, oversight, and customer interactions, including those with potential clients not eventually onboarded. All correspondence regarding client contact, onboarding, acceptance, and ongoing exchanges must be retained centrally and made accessible for day-to-day work and monitoring. The MFSA will not proceed with inspections where records are not provided in advance, and firms failing to cooperate may face further action.
More like this from MFSA
MFSA published 5 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share