Who needs an authorisation?
Persons carrying out the following activities need a licence to operate
- Financial Institutions
- Credit Institutions
- Insurance and Reinsurance Undertakings
- Insurance Intermediaries
- Investment Firms
- Collective Investment Schemes
- Company Service Providers
- Virtual Financial Assets
The Authorisation team within the respective Supervisory functions is responsible for the processing of applications, changes in control and appointment of approved persons, requests for changes in documentation, waiver/exemption applications as well as passporting notifications under the relevant EU/EEA Directives.
Each applicant seeking authorisation must meet the relevant prescribed criteria set out in respective legislation. In fulfilling its statutory obligation, the MFSA adopts a robust structured and risk based process aimed to ensure that only applicants that demonstrate compliance with respective regulatory framework are authorised.