24/10/2025
🚀 The MFSA’s new FIR/01, issued on 14 October 2025, marks one of the most significant shifts in Malta’s financial regulatory landscape in years.
The regulator is clearly moving towards a “substance-first” approach — emphasising local mind and management, robust governance, and full digital operational resilience (DORA) integration.
The days of “letterbox entities” are numbered.
Applicants will now face a better structured pre-application process, stricter post-licensing oversight, and a clear requirement to demonstrate real local presence and operational credibility.
For existing institutions, this is an opportunity to reassess governance models and ensure they meet the regulator’s elevated expectations.
Our detailed breakdown explores how FIR/01 reshapes the authorisation journey and ongoing supervision.
Read the full article here -👉 https://tinyurl.com/4ykk354f
hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag hashtag