Financial Planning Services Limited (“the Company”) requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of the authorisation which was issued to the Company to carry on insurance distribution activities in terms of the Insurance Distribution Act (Cap. 487). The MFSA has accepted the surrender of such authorisation. This surrender is entirely voluntary and does not arise as a result of any regulatory action taken by the MFSA. Accordingly, the Company ceased to be authorised by the MFSA with effect from 31 December 2020.