Malta Financial Services Authority - MFSA

The primary function of a financial regulatory body is to monitor and overview the entire financial industry of that particular jurisdiction in which they regulate. The Malta Financial Services Authority (MFSA) is the regulatory body that governs all financial activity in Malta; including the issuance of bank licenses and managing the Malta Registry of Companies.

The Financial Services Authority of Malta

The Malta Financial Services Authority (MFSA) was established in 2002, superseding the previous regulatory body functions from the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre.

The main functions of the MFSA include the following;

  • Conduct regular inspections of all banks and other financial institutions that hold financial licenses, and ensure that the standards meet the ones outlined by the MFSA.
  • Build and maintain strong relations with local and international organizations to ensure that Malta is equipped with the relevant tools to prevent financial crime.
  • Provide advice and guidance to all banks or financial institutions that wish to settle in Malta.
  • Regulate all financial activity in the Malta finance sector.
  • Ensure that the financial services offered are of the highest standard possible.
  • Over-viewing all applications sent to the authority in regards to obtaining a Malta banking license.
  • Accepting or declining applicants that want to acquire a Malta banking license.

The above is a broad overview of all the main functions of the MFSA. As part of the European Banking Authority (EBA), the MFSA must comply with relevant laws and regulations in regards to maintaining high standards in line with their sophisticated financial infrastructure.