Circular to Persons Involved in DLT Asset Activity and Services

CIRCULAR TO
PERSONS INVOLVED IN DLT ASSET ACTIVITY AND SERVICES The MFSA has published a self-explanatory form for the purpose of: [i] a Data Collection Exercise in relation to DLT asset activity and services in or from within Malta and [ii] Notification for the purposes of Article 62 of the Virtual Financial Assets Act (Chapter 590 Laws of Malta) (‘the Act’). The form includes questions covering the type of activity undertaken, or service provided, as well as supplementary information pertaining to such activity or service. Unless participants use this form for the purposes of the Notification, submissions are anonymous.

1. DATA COLLECTION EXERCISE
   The Authority is inviting persons undertaking any activity or providing any service in relation to DLT assets, in or from within Malta, to participate in a Data Collection Exercise. The scope of such exercise is the gathering of information which will enable the Authority to conduct statistical analysis as well as identify and assess the associated money laundering/funding of terrorism threats and vulnerabilities in this field and within the context of the country’s National Risk Assessment. Interested parties are hereby encouraged to participate in this exercise. The Data Collection Exercise shall remain open until Friday, 28 September 2018.
2. NOTIFICATION FOR THE PURPOSES OF ARTICLE 62 OF THE VIRTUAL FINANCIAL ASSETS ACT
   The submission of the pertinent form shall also be deemed as a notification for purposes of
   Article 62 of the Act. Persons that have not commenced operations as at date, but shall do so
   prior to the coming into force of the Act, and wish to avail of the transitory provision under
   Article 62 of the Act, are required to use this form to notify the Authority accordingly, upon
   commencement of such operations and by no later than the date of the coming into force of the Act. It is important to note that, for the purposes of the notification under Article 62 of the Act, the Authority shall only be taking into consideration notifications submitted using this form. The Notification Form shall remain available until the date of the coming into force of the Act. The form is accessible through this link or the below QR code:
   Communications Unit
   20 September 2018