Regulatory Alerts2023-10-16
Added · Updated
Guidance on the Submission of Notifications for Reclassification of Company Service Providers’ Class of Authorisation
The Malta Financial Services Authority (MFSA) has introduced updated procedures for Authorised Persons to submit notifications regarding the reclassification of their Company Service Provider authorisation class. The process requires applicants to first email the Authority to indicate their intent and rationale, after which they must submit specific documentation via the Licence Holder Portal under the 'Conversion/Reclassification of Authorisation' option. The MFSA enforces strict compliance with documentation completeness and accuracy, reserving the right to reject requests that lack sufficient quality or detail.
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