Memoranda of Understanding

The MFSA has signed a number of bilateral Memoranda of Understanding (MOU) with international regulators of financial services and is also a signatory to specialised multilateral MoUs through organisations such as the International Organization of Securities Commissions (‘IOSCO’) and the European Securities and Markets Authority (‘ESMA’).

The aim of concluding these bilateral and multilateral Memoranda of Understanding is to facilitate the exchange of information and to create a formal framework for regulatory collaboration and co-operation between various regulatory authorities. The Memoranda of Understanding provide for clearer channels for co-operation including increased mutual co-operation, the exchange of regulatory and technical information as well as investigative assistance between the signatory financial services regulators.

As well as concluding Memoranda of Understanding with foreign regulators the MFSA has also concluded agreements with the Central Bank of Malta on Exchange of Information in the field of Financial Services and in respect of the Payment & Securities Settlement Systems.

To date the MFSA has concluded the following Memoranda of Understanding:-

Bilateral MoUs with Foreign Regulators

Country	Entity	Entity's Responsibilities	Date of Signature	DateOrder	Scope of Agreement	Document
United Kingdom	Financial Conduct Authority	Banking, Insurance, Investment Services	01/02/2019	20190201	Securities
Vatican City	Financial Information Authority		09/05/2017	20170509
United Arab Emirates	Abu Dhabi Global Market Financials Services Regulatory Authority	Banking, Securities and Insurance	02/02/2017	20170202	Banking, Securities and Insurance	Media Statement
Vietnam	National Financial Supervisory Commission of Vietnam	Banking, Securities and Insurance	05/11/2014	20141105	Banking, Securities and Insurance	Media Statement
Ukraine	National Securities and Stock Market Commission	Securities and Markets	04/06/2014	20140604	Securities and Markets
Qatar	Qatar Financial Centre Regulatory Authority	Banking, Financial and Insurance-related business	13/03/2012	20120313	Banking, Financial and Insurance-related business	Media Statement
Slovakia	National Bank of Slovakia	Banking, Insurance and Securities	01/12/2011	20111201	Banking, Insurance and Securities	Media Statement
United States	Nebraska Department of Insurance	Insurance	23/11/2011	20111123	Insurance
Australia	Australian Prudential Regulation Authority	Banking, Insurance, Pensions	14/06/2010	20100614	Banking and Insurance	Media Statement
China	China Banking Regulatory Commission	Central Bank	02/02/2010	20100202	Banking	Media Statement
China	China Securities Regulatory Commission	Securities	26/01/2010	20100126	Securities	Media Statement
South Africa	Financial Services Board	Securities, Insurance and Pension Funds	26/11/2009	20091126	Securities, Insurance and Pension Funds	Media Statement
Portugal	Banco de Portugal	Credit Institutions	30/10/2009	20091030	Credit institutions	Media Statement
Cayman Islands	Cayman Islands Monetary Authority	Credit Institutions, Insurance, Securities and Trusts	18/02/2009	20090218	Credit Institutions, Insurance, Securities and Trusts	Media Statement
United Arab Emirates	Dubai Financial Services Authority	Securities, Credit Institutions, Insurance and Trusts	07/07/2008	20080707	Securities, Credit Institutions, Insurance and Trusts	Media Statement
Bermuda	Bermuda Monetary Authority	Credit Institutions, Insurance, Securities and Trusts	03/06/2008	20080603	Insurance, Credit Institutions and Trusts	Media Statement
Cyprus	Central Bank of Cyprus	Credit Institutions	29/05/2008	20080529	Credit institutions	Media Statement
Austria	Financial Market Authority	Banking, Insurance, Pension Funds and Securities	02/04/2007	20070402	Credit institutions	Media Statement
Netherlands	De Nederlandsche Bank N.V. (DNB)	Banking, Insurance, Pension Funds and Securities	23/10/2006	20061023	Banking	Media Statement
Belgium	Banking, Finance and Insurance Commission	Banking, Securities and Insurance	23/10/2006	20061023	BankBanking, Securities and Insurance (Primarily Banking)ing	Media Statement
Jersey	Jersey Financial Services Commission	Banking, Securities and Insurance	21/11/2005	20051121	Mutual assistance and exchange of information	Media Statement
Isle of Man	Insurance and Pensions Authority	Insurance and Pensions	27/06/2005	20050627	Mutual assistance and exchange of information	Media Statement
Isle of Man	Financial Services Commission	Banking, Investment Services and Corporate Services Providers	16/11/2004	20041116	Securities and Banking	Media Statement
Germany	Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)	Banking, Securities and Insurance	12/09/2004	20040912	Banking, Securities and Insurance (Primarily Banking)	Media Statement
Gibraltar	Financial Services Commission	Banking, Securities and Insurance	30/06/2004	20040630	Banking, Securities and Insurance.	Media Statement
United Kingdom	Financial Conduct Authority	Banking, Insurance, Investment Services	23/04/2004	20040423	Banking, Insurance, Investment Services	Media Statement
Portugal	Commissão de Mercado de Valores Mobiliários	Securities	23/03/2004	20040323	Securities	Media Statement
Mauritius	Financial Services Commission	Securities, Insurance and Pensions	21/01/2004	20040121	Securities, Insurance and Pensions	Media Statement
Guernsey	Guernsey Financial Services Commission	Banking, Investment Services, Insurance and Fiduciary Services	17/01/2004	20040117	Banking, Investment Services, Insurance and Fiduciary Services	Media Statement
Slovakia	National Bank of Slovakia	Banking	12/02/2004	20040212	Banking	Media Statement
Turkey	Banking Regulation and Supervision Agency	Banking	10/12/2004	20041210	Banking	Media Statement
Turkey	Capital Markets Board of Turkey (Semaye Piyasasi Kurulu)	Securities	04/04/2002	20020404	Securities	Media Statement

Bilateral MoUs with Local Authorities

Country	Entity	Entity's Responsibilities	Date of Signature	DateOrder	Scope of Agreement	Document	Website
Malta	MGA, Sanctions Monitoring Board, FIAU, MFSA	Safeguarding the Maltese financial, gaming and other sectors from being misused for criminal purposes, including terrorism, funding of terrorism, and the financing of proliferation of weapons of mass destruction	31/05/2018	20180531	Formulise their cooperation and exchange of information, and the allocation of responsibilities in ensuring compliance by subject persons with their relevant obligations under the PMLA and NIA	MoU
Malta	Financial Intelligence Analysis Unit (FIAU)	Combating money laundering and the financing of terrorism	18/03/2014	20140318	Cooperation, rendering of mutual assistance and exchange of information in the field of AML/CFT compliance supervision	Media Statement
Malta	Central Bank of Malta	Country Central Bank	25/01/2013	20130125	Joint Financial Stability Board	MoU	Website
Malta	Central Bank of Malta	Country Central Bank	25/01/2013	20130125	Exchange of Information in the fields of financial services	MoU	Website
Malta	Central Bank of Malta	Country Central Bank	05/01/2011	20110105	Payment and Securities settlement systems	MoU	Website
Malta	Office For Fair Competition	Competition	02/06/2008	20080602	Mutual assistance and exchange of information	Media Statement

Multilateral MoUs and Protocols

Country	Entity	Entity's Responsibilities	Date of Signature	DateOrder	Scope of Agreement	Document	Website
International	Bank of England and FCA	Multilateral MoU	27/03/2019	20190327	Establish a formal basis for co-operation between the Signatory Authorities, including the exchange of supervisory information and supervisory assistance	MMoU	N/A
International	UK Pensions Regulator	Multilateral MoU	27/03/2019	20190327	Establish a formal basis for co-operation between the Signatory Authorities, including the exchange of supervisory information and supervisory assistance	MMoU	N/A
International	IOSCO	Multilateral MoU	01/11/2019	20191101	Administrative arrangement for the transfer of personal data with non-EEA Authorities	MMoU	N/A
International	CESR (replaced by ESMA)	Multilateral MoU signed	01/05/2004	20040501	Securities	MoU	Website
International	CEIOPS (replaced by EIOPA)	Protocol in force	01/05/2004	20040501	Insurance	Protocol	N/A
	CEIOPS (replaced by EIOPA)	Protocol in force	28/04/2006	20060428	Insurance	Protocol	N/A
	CEIOPS (replaced by EIOPA)	Multilateral MoU signed	11/04/2006	20060411	Insurance and occupational pensions	MoU	N/A
	CEIOPS (replaced by EIOPA)	Protocol in force	02/03/2006	20060302	Occupational pensions	Protocol	N/A
International	IOSCO	Multilateral MoU signed	28/02/2006	20060228	Securities	MoU	Website
International	Financial Supervisory Authorities, Central Banks and Finance Ministries of the EU	Multilateral MoU signed	01/06/2008	20080601	Cross-Border financial stability	Media Statement	N.A
International	CEIOPS (replaced by EIOPA)	Protocol in force	31/03/2008	20080331	Insurance	Protocol	N/A
Malta	Ministry of Finance, the Economy and Investment and Central Bank of Malta	Ministry responsible for Finance and Country Central Bank	03/11/2009	20091103	Co-operation in the management of financial crisis situations	N/A	N/A
International	International Association of Insurance Supervisors (IAIS)	Multilateral MoU signed	26/10/2010	20101026	Exchange of information in insurance regulatory and supervisory matters	Media Statement	N/A
International	EEA Authorities, Bank of England and Financial Conduct Authority	Multilateral MoU signed	27/03/2019	20190327	Supervisory Cooperation and Exchange of information (Insurance)	MMoU	N/A

Agreements by means of Letters with Foreign Regulators

Country	Entity	Entity's Responsibilities	Date of Signature	DateOrder	Scope of Agreement	Document	Website
Switzerland	Swiss Financial Market Supervisory Authority (FINMA) [previously the Swiss Federal Banking Commission (SFBC)]	Banking, Securities and Insurance	19/10/2004	20041019	Banking and Securities	Media Statement	Website
Italy	Commissione Nazionale per le Societa’ e la Borsa (CONSOB)	Securities	25/01/2013	20130125	Securities	Media Statement	Website

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