![]() ![]() You can track the progress of your application in Connect, and will have the opportunity to correct mistakes or gaps. They will usually have follow-up questions and may ask for further documentation or want to meet with you. ![]() You should expect to hear from your case officer throughout the application process. check your application against information held by other regulatory agencies in the UK or overseas.assess whether your business meets, and will continue to meet, our minimum standards.We'll assign a case officer to assess your application. This includes setting out what compliance arrangements you've put in place to meet your firm’s ongoing regulatory obligations. It's essential that you identify conflicts of interest and explain how you intend to manage or mitigate them. You must be open and co-operative with us and provide responses within the requested dates. The relevant page for your type of firm will also have specific information – for example, which forms you need to complete and what to include in your business plan. for payments and e-money firms, we set out our expectations in our approach document (which links to the requirements in the PSRs and EMRs).for FSMA firms, we refer to these standards as our threshold conditions.meet our minimum standards at all times.comply with the relevant rules in our Handbook.You have to demonstrate that you can and will: What to know before submitting your application You'll also have to pay an application fee. We usually have questions or seek clarification, so please allow time for this. If your application isn't complete, it could take up to 12 months. You're unlikely to get authorised/registered straight away. 3 months if you're a payments or e-money firm. ![]() If your application is complete, we'll usually assess it within: In the carrying out of its functions, the MFSA collaborates closely with local and international institutions.You'll need to submit your application on our Connect system. The MFSA also holds an advisory role to Government in the formulation of policies on matters relating to the financial services industry. The MFSA was set up through an Act of Parliament (Chapter 330 of the Laws of Malta) and its main functions include the protection of consumers, integrity of financial markets, financial stability and the supervision of all financial services activities. Since 2018, it is also responsible for regulating Virtual Financial Assets. The MFSA regulates banking, financial institutions, payment institutions, insurance companies and insurance intermediaries, investment services companies and collective investment schemes, securities markets, recognised investment exchanges, trust management companies, company services providers and pension schemes. The Malta Financial Services Authority (MFSA) is the single regulator of financial services in Malta. ![]()
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