2020-03-25

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Circular to the Industry in relation to updates to the FAQs

Updates to the Frequently Asked Questions regarding amendments to Chapter 3 of the VFA Rulebook are published to supplement Rulebook requirements with adequate guidance. The updated FAQs include questions on Systems and IT Audit requirements and guidance on the recently introduced Live Audit Log requirement. Further updates and developments on the VFA Framework are made public on the regulator's website, and queries regarding these updates should be addressed to VFA@mfsa.mt.

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Circular Triq l-Imdina, Zone 1 Central Business District, Birkirkara CBD 1010 +356 2144 1155 communications@mfsa.mt www.mfsa.mt Circular to the Industry in relation to updates to the FAQs relation to amendments to Chapter 3 of the VFA Rulebook order to ensure that the Rulebook requirements are supplemented by adequate guidance. The updated FAQs may be accessed here. Some of the main additions include inter alia FAQs in relation to Systems and IT Audit requirements, and guidance on the recently introduced Live Audit Log requirement. Any updates to the FAQs shall continue to be communicated via Circular. Further updates and developments on the VFA Framework will be made public on: https://www.mfsa.mt/fintech/virtual￾financial-assets/. Any queries in relation to the above should be addressed to VFA@mfsa.mt. 25 March 2020

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