RegAlertRule · MFSA · 9 Aug 2022
Circular to Credit Institutions on a Minor Amendment to BR/14
The Malta Financial Services Authority issued a revised version of Banking Rule BR/14 to incorporate a paragraph from the EBA Guidelines on Outsourcing Arrangements. This minor amendment aligns the local rule with existing European Banking Authority standards regarding outsourcing by credit institutions. The revised rule comes into force with immediate effect.
Circular
Triq l-Imdina, Zone 1 Central Business District, Birkirkara CBD 1010 +356 2144 1155 communications@mfsa.mt www.mfsa.mt Circular to Credit Institutions on a Minor Amendment to BR/14 The Authority is hereby issuing a revised version of Banking Rule BR/14 on Outsourcing by Credit Institutions Authorised under the Banking Act 1994 (hereinafter referred to as the “Rule”). The amendments in the Rule are being put forward to incorporate a paragraph from the EBA Guidelines on Outsourcing Arrangements (EBA/GL/2019/02), which Guidelines are already applicable through the BR/14. The amendment will come into force with immediate effect. Any queries in relation to the above should be directed to Banking Supervision (Policy and Legal) on bsupolicy@mfsa.com.mt. 09 August 2022
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