MX Underwriting Malta Ltd (“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 but is due to a strategic decision of the Company. Accordingly, the Company ceased to be authorised by the MFSA with effect from 31 October 2022.