Regulatory Alerts2023-10-04
Added · Updated
Circular on Thematic Review in relation to Statement of Fees and Fee Information Documents
The Malta Financial Services Authority conducted a thematic review to assess Licence Holders' compliance with the Payment Accounts Regulations regarding the provision of Statements of Fees and Fee Information Documents. The review identified widespread non-compliance with strict formatting standards, including errors in logo sizing, text alignment, font specifications, and the omission of mandatory sections such as glossaries and introductory statements. The Authority mandates that institutions strictly adhere to the prescribed templates and technical standards without deviation and warns of further supervisory actions to ensure future compliance.
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