Regulatory Alerts2018-10-30
Added · Updated
Circular on the Publication of the Virtual Financial Assets Rules for Issuers of VFAs
The Malta Financial Services Authority has published Chapter 2 of the Virtual Financial Assets Rulebook, establishing regulatory requirements for issuers of virtual financial assets. The rules mandate strict governance structures, including the appointment of independent custodians and auditors, while imposing a EUR 5,000 investment limit for retail investors to ensure consumer protection. Additionally, issuers must comply with rigorous anti-money laundering obligations, such as submitting annual compliance certificates and reports, and adhere to specific transitory provisions for existing entities.
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