On the 7th January 2015, the Malta Financial Services Authority issued new Rules and Regulations under the Retirement Pensions Act. These will have effect as from 1st January 2015.
The purposes for which the new Pension Rules have been issued are to supplement the legal framework for the licensing and regulation of retirement schemes, retirement funds and service providers, as well as for the requirement of recognition for persons carrying on back-office administrative activities. The new rules and regulations include more detailed regulatory requirements, which persons licensed or recognized under the Retirement Pensions Act 2011 are required to comply with.
