The Malta Financial Services Authority (MFSA) has issued a new General Code of Conduct for Decision Makers in the Financial Services Industry, positioning it as a sector-wide guide to strengthen governance standards, organisational culture and ethical conduct in Malta’s financial services industry. The Code is framed around five core values: integrity, informed and responsible decision-making, accountability and transparency, commitment to compliance and legal standards, and respect and fairness. It is designed to be applied proportionately through a flexible, risk-based set of principles rather than prescriptive rules and does not override existing legal or regulatory obligations. MFSA will assess adherence to the Code as part of its supervisory activity, including inspections, and material shortcomings may be taken into account when determining the nature and severity of any supervisory measures or administrative sanctions.
Malta Financial Services Authority 2026-01-26
Malta Financial Services Authority publishes new General Code of Conduct for financial services decision makers
The Malta Financial Services Authority has introduced a General Code of Conduct for Decision Makers in the Financial Services Industry to enhance governance, culture, and ethics, emphasizing integrity, accountability, and compliance. The Code, based on flexible principles, will be assessed during supervisory activities, with potential implications for supervisory measures.