Malta: Financial Services Authority Consults on 'Pilar 1 – Regulations' of Its Fintech Strategy Regarding the Development of a Regulatory Sandbox

On July 5, 2019, the Malta Financial Services Authority (MFSA) released a consultation paper titled “Pilar 1 - Regulations”, which seeks feedback from stakeholders in relation to the first of the six pillars set out in its Fintech Strategy.

There are two main initiatives proposed, aiming to further support technology-enabled financial innovation. These initiatives are:

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