The Malta Financial Services Authority has published updated, finalised Rulebooks for Company Service Providers (CSPs) that cover directorship and company secretary services, adopting a more proportionate regulatory approach following a consultation held late last year. The framework now requires individuals acting as directors or company secretaries in no more than two entities, who were previously outside MFSA authorisation or registration, to submit a notification of the positions they hold so the MFSA can conduct risk assessments and determine any mitigating measures. Separately, CSPs providing directorship and company secretary services for up to 10 involvements will be able to use a simplified application process with some requirements no longer mandatory, and will move to a single annual return for both MFSA and Financial Intelligence Analysis Unit purposes. Notifications must be submitted by 16 July 2025, and the MFSA has published a guidance note and FAQs to support impacted individuals and entities.
Malta Financial Services Authority 2025-05-26
Malta Financial Services Authority introduces director and company secretary notification duty and streamlines requirements for limited Company Service Providers
The Malta Financial Services Authority finalized Rulebooks for Company Service Providers, introducing a more proportionate regulatory approach. Individuals acting as directors or company secretaries in up to two entities must notify the MFSA for risk assessments, while those with up to 10 involvements can use a simplified application process. A single annual return will be required for both MFSA and Financial Intelligence Analysis Unit purposes.