Regulatory Alerts2020-01-14
Added · Updated
Circular to VFA Agents in relation to the Application Process for VFA Service Providers
The Malta Financial Services Authority issues this circular to provide VFA Agents with general guidance and a detailed list of required documentation for VFA Service Provider licence applications. The document specifies that applications must include a comprehensive Business Plan covering governance, risk management, compliance, and financial projections, alongside various forms, audit reports, and certified personal questionnaires. It further outlines the application timeline, including the process for in-principle approval and the specific pre-licensing, post-licensing pre-commencement, and post-licensing post-commencement requirements necessary to finalize the licence issuance.
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