The Malta Financial Services Authority (MFSA) has published its Supervisory Priorities for 2025, setting out how it will apply its compliance outcomes-based approach to supervision across the entire Maltese financial services sector. The approach, introduced in 2024 through pilot work, is intended to assess supervised entities against tangible supervisory outcomes aligned to pre-determined expectations, supporting the MFSA’s objectives of market integrity, consumer protection and financial stability. Compliance outcomes-based supervision was initially implemented through a pilot project in digital finance regulation and trust beneficial ownership registers, and will now be embedded as a cornerstone of supervision across all sectors. The MFSA’s seven priorities for 2025 are Governance, Risk and Compliance (GRC); Financial Crime Compliance; Consumer Protection and Education; Resilience of Supervised Entities; Sustainable Finance; Digital Finance; and Cross-Border Supervision. The document also links the 2025 priorities to the MFSA’s 2023 strategic objectives, and notes that in 2024 the MFSA conducted over 1,000 supervisory engagements; in 2025 it plans to refine the approach, address emerging risks, maintain effective cross-border supervision, and align with the European Supervisory Authorities’ focus on supervisory convergence.

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