Consultations


In this section you will find the Consultation Documents issued by the MFSA and which are of interest to investment firms These documents are issued to explain to the industry any new regulatory requirements which the Authority may be proposing to implement and the manner in which these will be implemented. During the consultation period, investment firms will have the opportunity to provide their feedback which the Authority will review. Following the consultation period, the Authority may issue the Feedback statement with a summary of the comments received in the course of the consultation period on that particular topic and the final position of the Authority with respect to the matters forming the subject of the consultation.

DateReference Subject
27/01/2014 03-2014

Proposed Conduct of Business Rules for the enhanced protection of customers in investment services (Updated 29 Jan 2014)


  • Consultation Document
  • Recommendations (Updated 29 Jan 2014)
  • 06/05/2015 04-2015

    Consultation Document relating to the creation of a proposed Conduct of Business Rulebook


  • Consultation Document
  • Glossary
  • Chapter 1 - Disclosure
  • Chapter 2 - Product Governance
  • Chapter 3 - Conflicts of Interest
  • 11/04/2016 04-2016

    Consultation - Conduct of Business Rulebook Phase 2


  • Consultation Paper
  • Glossary
  • Sales Processes
  • Execution of Clients’ orders
  • 20/12/201704/2016 and 04/2015

    Feedback Statement - Conduct of Business Rulebook


  • Feedback Statement
  • Chapter 1 - Disclosures
  • Chapter 2 - Financial Product Governance
  • Chapter 3 - Conflicts of Interest
  • Chapter 4 - Sales Process and Selling Practices
  • Chapter 5 - Execution of Clients Orders
  • Definitions/Glossary