Regulatory Alerts2015-03-06
Added · Updated
Circular on the Coming into Force of various Regulations under the Trusts and Trustees Act
The Malta Financial Services Authority announces the coming into force of the Trusts and Trustees Act (Registration of Notaries to act as Qualified Persons) Regulations, 2015, the (Notarial Trust Deeds Registration, Conservation and Access) Regulations, 2015, and the (Fees) Regulations, 2015. Notaries intending to act as qualified persons must submit an application form and personal questionnaire to the Authority and are subject to a competence assessment regarding the Maltese regulatory framework and Anti-Money Laundering requirements. The Fees Regulations, published as Legal Notice 28 of 2015, apply from 1 January 2015, establishing new application fees for authorisation, registration, and notary qualification, as well as revised annual supervisory and continuance fees.