Conduct of business

These include persons holding an investment services licence, including persons registered as a tied agent in terms of the Maltese investment services regime, persons authorised to carry on the business of insurance and persons enrolled under the Maltese Insurance Distribution Act.

The said prudential requirements are intended to ensure that the interests of consumers of financial services are protected and are placed at the centre of supervised firms’ operations.

 

Conduct supervision has been identified as a focus area by the MFSA in its 2019-2021 Strategic Plan, and accordingly, the MFSA intends to gather market information from regulated businesses through routine supervisory and enforcement activity and thematic reviews. Accordingly, exhibiting high standards of compliance by regulated business when subjected to MFSA inspections, is key.

How can PwC help?

Compliance continues to be a challenge faced by many regulated businesses caused by the ever-changing regulatory sphere and constant growth in volume of regulation. Our dedicated Regulatory Team, comprised of professionals experienced in the asset management and insurance business sectors, may assist your regulated business with ensuring compliance with ongoing regulatory and conduct obligations, whilst also advising on ad-hoc regulatory issues and queries. Our team may also assist with reviewing and/or drafting of the policies, procedures and related manuals, that are required to be in place in terms of the Conduct of Business Rulebook and ancillary regulation. 

Contact us

Mark Lautier

Mark Lautier

Partner, PwC Malta

Tel: +356 2564 6744

Deborah Gatt

Deborah Gatt

Senior Manager, Tax, PwC Malta

Tel: +356 2564 2343

Chris Mifsud Bonnici

Chris Mifsud Bonnici

Senior Manager, Tax, PwC Malta

Tel: +356 2564 6935

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