Regulatory Alerts2023-10-19
Added · Updated
Malta Financial Services Authority Conduct of Business Rulebook Revisions
The Malta Financial Services Authority has revised its Conduct of Business Rulebook to implement updated ESMA guidelines on MiFID II remuneration, suitability, and product governance requirements. These amendments primarily integrate sustainability factors into organizational and product governance processes, with new provisions becoming applicable on 3 October 2023. Additionally, the Authority introduced specific consumer protection measures for the insurance sector, including a new guideline addressing white labeling and mandating clear manufacturer and distributor disclaimers.