Circular to persons involved in DLT asset activity and services
The MFSA has on the 20th September, 2018 published a self-explanatory form to serve as a Data Collection Exercise in relation to DLT asset activity and services being carried in or from within Malta and as a notification for the purposes of Article 62 of the Virtual Financial Assets Act. The form includes questions covering the type of activity being undertaken, or service provided, as well as supplementary information pertaining to such activity or service.
Data collection exercise
The MFSA is inviting persons undertaking any activity or providing any service in relation to DLT assets, in or from within Malta, to participate in this Data Collection Exercise. The scope of such exercise is the gathering of information which will enable the Authority to conduct statistical analysis as well as identify and assess the associated money laundering/funding of terrorism threats and vulnerabilities in this field and within the context of the country’s National Risk Assessment. Interested parties are hereby encouraged to participate in this exercise. The Data Collection Exercise shall remain open until Friday, 28 September 2018.
Notification for the purposes of A. 62 of the VFA Act
The submission of the pertinent form shall also be deemed as a notification for purposes of Article 62 of the Act. Persons that have not commenced operations as at date, but shall do so prior to the coming into force of the Act, and wish to avail themselves of the transitory provisions in terms of Article 62 of the Act, are required to use this form to notify the Authority accordingly, upon commencement of such operations and by no later than the date of the coming into force of the Act. It is important to note that, for the purposes of the notification under Article 62 of the Act, the Authority shall only be taking into consideration notifications submitted using this form. The Notification Form shall remain available until the date of the coming into force of the Act.
For further information, please do not hesitate to contact the firm’s partner in charge of tax and corporate services Stephen Balzan on email@example.com.
Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria. For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on firstname.lastname@example.org.
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