Tag: Malta Financial Services Authority

Licencing activity at MFSA remains stable in 2020

The number of new licences granted by the Malta Financial Services Authority – as well as the number of licences surrendered by licenced entities – remained largely unchanged in 2020, with the Covid-19 pandemic seemingly having no impact on activity.

MFSA-appointed competent person responsible for Pilatus Bank resigns

Lawrence Connell, who was appointed by the Malta Financial Services Authority as the “competent person” charged with overseeing the assets of Pilatus Bank following the arrest of its chairman, resigned the position with immediate effect on Wednesday.

MFSA issues warnings against 3 entities

The Malta Financial Services Authority has recently issued warnings concerning three entities purporting to offer financial services in Malta, emphasising that they had no licence to do so.

MFSA issues €13.2m in direct orders since 2018

The Malta Financial Services Authority has issued €13.2 million in direct orders since 2018, with most of this amount allocated to the renewal of various software licences.

MFSA warns about unlicensed entities advertising financial services

The Malta Financial Services Authority has issued five warnings to the public, flagging three unlicensed entities purporting to offer financial services, an unlicensed exchange and a clone company.

Joseph Cuschieri authorised his own travel expenditure at MGA and MFSA

As the chief executive of the Malta Gaming Authority and subsequently of the Malta Financial Services Authority, it was up to Joseph Cuschieri himself to authorise his own travel expenses, information tabled in Parliament shows.

MFSA appoints independent panel to look into CEO’s Vegas trip

The Malta Financial Services Authority’s board of governors has appointed an independent panel to “initiate an assessment of the facts reported in the local media to safeguard the interest of the authority.”

MFSA launches campaign for investor awareness

The Malta Financial Services Authority has launched an investor education and awareness campaign, with the aim to raise awareness about financial literacy to help consumers make informed decisions.

After this week’s arrests, MFSA acts against Nexia BT subsidiaries

The Malta Financial Services Authority has directed two subsidiaries of Nexia BT – whose owner Brian Tonna was arrested earlier this week – to refrain from taking on new clients or from providing additional services to existing ones.

‘Clone company’ warning from the MFSA

The Malta Financial Services Authority has warned that a website is impersonating a local registered company online to advertise financial services to unsuspecting customers, advising the general public to steer clear.