Regulatory Alerts2021-01-06
Added · Updated
Circular to Credit Institutions on Reporting on Correspondent Banking Payment Transactions
Credit institutions in Malta are required to report correspondent banking payment transactions on a semi-annual basis, including bank-to-bank transfers, customer-related payments, transactions with Payment Service Providers, and SEPA payments. Reporting must be submitted using a dedicated template that separates outflow and inflow data by correspondent and currency, with consolidated reporting applicable where relevant. Branches of EU/EEA credit institutions established locally under freedom of establishment and non-EU credit institutions licensed to establish a branch in Malta are excluded from this scope. The first reporting deadline for data with a reference date of December 2020 is 26 February 2021.
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