MFSA publishes Chapter 3 of the VFA rule book
The MFSA has on the 25th February 2019 published Chapter 3 of the Virtual Financial Assets Rulebook: Virtual Financial Assets Rules for VFA Service Providers.
The publication of the rules applicable to VFA Service Providers follows the Consultation Paper on the Virtual Financial Assets Rules for VFA Service Providers published by the MFSA on 31 August 2018.
This Chapter shall apply to VFA Service Providers licensed in terms of the VFA Act and applicants seeking to be licenced as VFA Service Providers under the Act.
The Chapter is sub-divided into four titles which respectively set out: [i] the high level principles which should guide VFA Service Providers in the provision of their VFA service/s in or from within Malta; [ii] the licensing requirements and the respective licensing process for VFA Service Providers; [iii] the ongoing obligations which VFA Service Providers must adhere to; and [iv] enforcement and sanctions in the event of misconduct by VFA Service Providers.
For further information, you may contact the firm’s tax and corporate services partner Stephen Balzan on [email protected].
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 [email protected].
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