Regulatory Alerts2026-02-11
Added · Updated
Circular on Revised Banking Rule BR/01 and Amended Banking Rule BR/24
The Malta Financial Services Authority issued a circular revising Banking Rule BR/01 and amending Banking Rule BR/24 to update licensing procedures and internal governance requirements for credit institutions. The revised BR/01 integrates the MFSA authorisation framework, removes redundant questionnaires, and incorporates the European Central Bank's role in the approval process. Concurrently, the amendment to BR/24 introduces new obligations regarding the regulatory approval of individuals in key positions and their resignation procedures to ensure ongoing compliance.
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