Regulatory Alerts2020-06-04
Added · Updated
Circular to Financial Institutions on amendments to the FIR/01
The Authority amends paragraph 63 of the FIR/01 Application Procedures and Requirements for Authorisation of Licences under the Financial Institutions Act 1994 to stipulate criteria for liquid assets in line with Regulation 7 of the Financial Institutions Act (Safeguarding of Funds) Regulations. The specified liquid assets include cash, listed debt securities issued by the Government of Malta or the Central Bank of Malta, and short-term deposits in credit institutions licensed in Malta with a term of no longer than six months. Additional amendments are inserted for clarification purposes. These amendments come into force with immediate effect.