Through the first Pillar of the FinTech Strategy, Regulations, the MFSA envisages to “adopt regulatory and supervisory initiatives to support innovation and improve regulatory efficiency.”
The Authority has published a Consultation Document proposing (i) the MFSA Regulatory Sandbox, which will encourage FinTech innovation through its stated objectives and (ii) to set up a framework for the regulatory certification of RegTech solutions, while also encouraging persons developing SupTech solutions to approach the Authority through a dedicated online form. Additionally, a status update of the other strategic objectives presented under Pillar 1 of the FinTech Strategy was also provided.
Industry participants and interested parties were invited to send their responses through an online survey, developed specifically for this purpose, by not later than 30 August 2019.
