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Raising the Bar for Company Service Providers


Office of the​ Prime Minister 
(Malta Financial Services Authority)
​Published on: ​25 October 2019
Running till: ​6 December 2019
​Last Updated: ​9 December 2019
1.        Background

Company Service Providers (CSPs) are crucial within the financial services sector, as they are often the first point of contact for persons wishing to undertake business activity in Malta. In this respect, CSPs are considered to be gatekeepers given their role of preventing persons who are not fit and proper from entering the financial system.

Through this proposal the Authority is aiming to raise the bar for all persons providing the services of a CSP by harmonising market entry requirements and addressing existing expectations gaps.

The Authority’s proposals may be categorised into two: [i] a proposal for a holistic regulatory framework for CSPs in Malta; and [ii] proposals in relation to the Maltese institutional architecture for the regulation of CSPs.  

2.        Consultation Questions
Kindly refer to consultation document - 

3.        Documents
4.        Submission of input
Submissions were sent by email to the following address:
Submissions were received by 6 December 2019.                               
We thank you for your input.
Data Protection Statement the General Data Protection Regulation and the Data Protection Act (Chapter 586)

The General Data Protection Regulation and the Data Protection Act Chapter 586 regulate the processing of personal data whether held electronically or in manual form. The Ministry for European Affairs and Equality collects only information which is necessary for it to perform its intended functions and is set to fully comply with the Data Protection Principles as set out in the Data Protection Legislation.  Verification of the ID number provided will take place as deemed necessary. All personal data provided will be processed according to the General Data Protection Regulation and the Data Protection Act (Cap 586).​

In addition, please be aware of:
·         Disclosure under the Freedom of Information Act (Chapter 496)
As we are a public authority all documents we hold, including documents related to this public consultation process, may be released following a request to us under the Freedom of Information Act (Chap. 496), unless such request may be subject of an exemption arising from the same Act.

Click on the 'Online Consultation' logo to go to the Public Consultations platform.

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