Regulation


Article 13(2) of the Financial Institutions Act (2) states that the competent authority may make Financial Institutions Rules as may be required for carrying into effect any of the provisions of the Act and it may amend or revoke such Financial Institutions Rules.  Also refer to Banking Supervision.

Rules

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Article 13(2) of the Financial Institutions Act (2) states that the competent authority may make Financial Institutions Rules as may be required for carrying into effect any of the provisions of the Act and it may amend or revoke such Financial Institutions Rules.

The below Financial Institutions Rules (FIRs), together with the amendments to the Financial Institutions Act (Cap 376) undertaken in May 2010 and June 2011, reflect changes which were mainly effected in order to transpose locally part of the requirements of the EU Payment Services Directive 2007/64/EC as well as the EU Electronic Money Institutions Directive 2009/110/EC. In particular, FIR/03, which is a new Rule, deals specifically with the taking up, pursuit of and prudential supervision of the business of financial institutions authorised to Issue Electronic Money. The latter rule replaces the previous Electronic Money Institutions Directive (EMID/01/2002 on the Taking Up, Pursuit of and Prudential Supervision of the Business of Electronic Money Institutions Authorised under the Banking Act 1994)

References to Directives 2006/48/EC and 2006/49/EC throughout these FIRs shall be construed as references to Directive 2013/36/EU (the CRDIV) and to Regulation (EU) No 575/2013 (the CRR) and shall be read in accordance with the correlation table set out in Annex II to the CRDIV and in Annex IV to the CRR.

FIR/01/2011

Application Procedures and Requirements for Authorisation of Licences under the Financial Institutions Act 1994
Form 1 - Application for Authority to set up a Financial Institution operating in or from Malta
Form 2 - Questionnaire for qualifying shareholders other than individuals
Personal Questionnaire

FIR/02/2011

Supervisory and Regulatory Requirements of Institutions Authorised under the Financial Institutions Act 1994

FIR/03/2011

Taking Up, Pursuit of and Prudential Supervision of the Business of Financial Institutions Authorised to Issue Electronic Money under the Financial Institutions Act 1994

FIR/04/2015

Security of Internet Payments of Credit, Payment and Electronic Money Institutions

Policy Papers

Summary of Financial Institutions Policy Papers
Policy Paper 01 - Policy Document on the Regulatory Provisions for the Undertaking of Lending Activities by Institutions Authorised under the Financial Institutions Act 1994 - Factoring, Forfaiting
Policy Paper 02 - Policy Document on the Regulatory Provisions for the Undertaking of Financial Leasing Activities by Institutions Authorised under the Financial Institutions Act 1994
Policy Paper 03 - Policy Document on the Regulatory Provisions for the Undertaking of Venture or Risk Capital Activities by Institutions Authorised under the Financial Institutions Act 1994
Policy Paper 09 - Policy Document on the Regulatory Provisions for the Undertaking of Money Broking Activities by Institutions Authorised under the Financial Institutions Act 1994