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Malta Compliance Officers: The Key Role in Ensuring Regulatory Compliance
As the Malta Financial Services Authority (MFSA) continues to regulate the financial services sector, compliance officers play a crucial role in ensuring that licence holders adhere to all requirements and conditions laid down in the Investment Services Act and Regulations. In this article, we will explore the background of compliance officers in Malta, their responsibilities, and the importance of having experienced professionals on board.
Background
Compliance officers are appointed by licence holders to oversee the compliance function and act as a contact point between the licence holder and the MFSA. They must have the necessary authority, resources, expertise, and access to relevant information to perform their functions effectively.
Responsibilities
The main responsibilities of a Malta compliance officer include:
- Monitoring and assessing on a regular basis the adequacy and effectiveness of measures and procedures put in place by the licence holder to comply with its obligations.
- Advising and assisting relevant persons responsible for carrying out investment services and activities to comply with legal and regulatory obligations.
Services Offered
Our team of experienced lawyers, accountants, and compliance professionals offers a range of services to ensure that companies operate in a compliant manner. These services include:
- Drafting policies and procedures
- Submitting compliance reports to the Board of Directors
- Providing expert guidance on all aspects of compliance
- Assisting with preparing regulatory returns
- Drafting policies and procedures
- Advising on investor protection issues
- Handling statutory notification requirements
- Supporting businesses in their relations with the regulator
Importance of Experienced Professionals
With broad industry expertise and experience in assisting businesses across various financial sectors, our team is well-equipped to handle complex compliance matters. Our post-licensing compliance service ensures that clients receive ongoing support and assistance in navigating regulatory requirements.
Conclusion
In conclusion, Malta compliance officers play a vital role in ensuring that licence holders comply with all regulatory requirements. With our expertise and guidance, companies can navigate the complexities of compliance and operate successfully in the financial services sector.