The MFSA has issued Insurance Rule 31 of 2013 which entered into force on 1 January, 2014. The scope of this new rule is to implement the four sets of guidelines published by EIOPA for the preparatory phase of the Solvency II regime.
News & Events
Malta is now ready to start processing applications for issuers of Insurance Linked Securities.
EIOPA has issued a Technical Report on Standard Formula Design and Calibration for Certain Long-Term Investments.
MFSA Consultation Document on the Proposed Review of Fees for Insurers, Intermediaries and Retirement Funds for 2014 – 2018GANADO Advocates - December 23, 2013 - Categories: Other News
Since its inception, the MFSA has sought to generate predictability and stability in relation to the regulatory fees charged to licence holders. In proposing the new fees for insurers, reinsurers, insurance intermediaries and retirement funds, the MFSA has acknowledged that operational supervisory costs have increased as a result of tighter EU requirements.
On 16 December 2013, the Government of Malta announced the signature of the FATCA Inter-governmental Agreement (IGA) between Malta and the United States. As announced back in July 2013, the IGA negotiated and agreed by Malta follows the Model 1 IGA (reciprocal version).
The Ministry for Tourism has published its vision and policy for the aviation industry in a policy document entitled "A Civil Aviation Policy for Malta 2014 - 2020"
Malta’s financial services regulator, the Malta Financial Services Authority, has signalled its willingness to fast-track applications for structures issuing insurance linked securities, provided timeframes are agreed with participants in advance and accurate and complete information is provided at every stage of the structuring and documentation process.
EIOPA has published a set of Guidelines on Complaints-Handling by Insurance Intermediaries. The Guidelines are addressed to the national competent authority in each Member State which is responsible for supervising complaints between insurance intermediaries and policyholders.
The Forum was convened to mark the recovery of the European Commercial Mortgage Backed Securities Market over the last 12 months, following several fallow years after the credit crunch.
The MFSA has issued a Guidance Paper on Insurance Groups under Solvency II providing key insight on the main features of the Solvency II Directive on (re)insurance groups.