Memoranda of Understanding


    The MFSA has signed a number of bilateral Memoranda of Understanding (MOU) with international regulators of financial services and is also a signatory to specialised multilateral MoUs through organisations such as the International Organization of Securities Commissions (“IOSCO”) and the Committee of European Securities Regulators (“CESR”).

    The aim of concluding these bilateral and multilateral Memoranda of Understanding is to facilitate the exchange of information and to create a formal framework for regulatory collaboration and co-operation between various regulatory authorities. The Memoranda of Understanding provide for clearer channels for co-operation including increased mutual co-operation, the exchange of regulatory and technical information as well as investigative assistance between the signatory financial services regulators.

    As well as concluding Memoranda of Understanding with foreign regulators the MFSA has also concluded agreements with the Central Bank of Malta on Exchange of Information in the field of Financial Services and in respect of the Payment & Securities Settlement Systems.

    To date the MFSA has concluded the following Memoranda of Understanding:-

    Bilateral MoUs with Foreign Regulators


    Country Entity Entity’s Responsibilities Date of Signature Scope of Agreement Document Website
    Vietnam  National Financial Supervisory Commission of Vietnam   Banking, Securities and Insurance  05/11/2014  Banking, Securities and Insurance  Media Statement  Website 
    Ukraine  National Securities and Stock Market Commission  Securities and Markets  04/06/2014  Securities and Markets     Website 
    Qatar Qatar Financial Centre Regulatory Authority Banking, Financial and Insurance-related business 13/03/2012 Banking, Financial and Insurance-related business Media Statement Website
    Slovakia 

    National Bank of Slovakia

    Banking, Insurance and Securities

    1/12/2011

    Banking, Insurance and Securities

     Media Statement Website
    United States

    Nebraska Department of Insurance

    Insurance

    23/11/2011

     Insurance

      Website
    Australia Australian Prudential Regulation Authority Banking, Insurance, Pensions 14/06/2010 Banking and Insurance Media Statement Website
    China China Banking Regulatory Commission Country Central Bank 02/02/2010 Banking Media Statement Website 
    China China Securities Regulatory Commission Securities 26/01/2010 Securities Media Statement Website 
    South Africa Financial Services Board Securities, Insurance and Pension Funds 26/11/2009 Securities, Insurance and Pension Funds Media Statement Website
    Portugal Banco de Portugal Credit Institutions 30/10/2009 Credit institutions Media Statement Website
    Cayman Islands Cayman Islands Monetary Authority Credit Institutions, Insurance, Securities and Trusts 18/02/2009 Credit Institutions, Insurance, Securities and Trusts Media Statement Website
    The Emirate of Dubai Dubai Financial Services Authority Securities, Credit Institutions, Insurance and Trusts 07/07/2008 Securities, Credit Institutions, Insurance and Trusts Media Statement Website
    Bermuda Bermuda Monetary Authority Credit Institutions, Insurance, Securities and Trusts 03/06/2008 Insurance, Credit Institutions and Trusts Media Statement Website
    Cyprus Central Bank of Cyprus Credit Institutions 29/05/2008 Credit institutions Media Statement Website
    Austria Financial Market Authority Banking, Insurance, Pension Funds and Securities 02/04/2007 Credit institutions Media Statement Website
    Netherlands De Nederlandsche Bank N.V. (DNB) Banking, Insurance, Pension Funds and Securities 23/10/2006 Banking Media Statement Website 
    Belgium Banking, Finance and Insurance Commission Banking, Securities and Insurance 23/10/2006 Banking Media Statement Website
    Jersey Jersey Financial Services Commission Banking, Securities and Insurance 21/11/2005 Mutual assistance and exchange of information Media Statement Website
    Isle of Man Insurance and Pensions Authority Insurance and Pensions 27/06/2005 Mutual assistance and exchange of information Media Statement Website
    Turkey Banking Regulation and Supervision Agency Banking 10/12/2004 Banking Media Statement Website
    Isle of Man Financial Services Commission Banking, Investment Services and Corporate Services Providers 16/11/2004 Securities and Banking Media Statement Website
    Germany Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Banking, Securities and Insurance 12/09/2004 Banking, Securities and Insurance (Primarily Banking) Media Statement Website 
    Gibraltar Financial Services Commission. Banking, Securities and Insurance 30/06/2004 Banking, Securities and Insurance. Media Statement Website
    United Kingdom Financial Services Authority (superseded by the Financial Conduct Authority) Banking, Insurance, Investment Services 23/04/2004 Banking, Insurance, Investment Services Media Statement Website
    Portugal Commissão de Mercado de Valores Mobiliários Securities 23/03/2004 Securities Media Statement Website
    Slovakia National Bank of Slovakia Banking 12/02/2004 Banking Media Statement Website
    Mauritius Financial Services Commission Securities, Insurance and Pensions 21/01/2004 Securities, Insurance and Pensions Media Statement Website
    Guernsey Guernsey Financial Services Commission Banking, Investment Services, Insurance and Fiduciary Services 17/01/2004 Banking, Investment Services, Insurance and Fiduciary Services Media Statement Website
    Turkey Capital Markets Board of Turkey (Semaye Piyasasi Kurulu) Securities 04/04/2002 Securities Media Statement Website
                 

    Similar Agreements by means of Letters with Foreign Regulators


     Country  Entity Responsibilities
     Date Scope
    Document
    Website
    Switzerland Swiss Financial Market Supervisory Authority (FINMA) [previously the Swiss Federal Banking Commission (SFBC)] Banking, Securities and Insurance 19/10/2004 Banking and Securities Media Statement Website 
    Italy Commissione Nazionale per le Societa’ e la Borsa (CONSOB) Securities 21/03/1996 Securities Media Statement Website
                 

    Multilateral MoUs and Protocols


    Country Entity Responsibilities Date Scope Document Website
    International International Association of Insurance Supervisors (IAIS) Multilateral MoU signed 26/10/2010 Exchange of information in insurance regulatory and supervisory matters Media Statement N/A
     Malta Ministry of Finance, the Economy and Investment and Central Bank of Malta Ministry responsible for Finance and Country Central Bank 03/11/2009 Co-operation in the management of financial crisis situations N/A N/A
    International Financial Supervisory Authorities, Central Banks and Finance Ministries of the EU Multilateral MoU signed 01/06/2008 Cross-Border financial stability Media Statement N/A
    International CEIOPS Protocol in force 31/03/2008 Insurance Protocol N/A
    International CEIOPS Protocol in force 28/04/2006 Insurance Protocol N/A
    International CEIOPS Multilateral MoU signed 11/04/2006 Insurance and occupational pensions MoU N/A
    International CEIOPS Protocol in force 02/03/2006 Occupational pensions Protocol N/A
    International IOSCO Multilateral MoU signed 28/02/2006 Securities MoU Website
    International CESR Multilateral MoU signed 01/05/2004 Securities MoU Website
    International CEIOPS Protocol in force 01/05/2004 Insurance Protocol N/A
                 

    Bilateral MoUs with Local Authorities


     Country Entity Responsibility
    Date
    Scope
    Document
    Website
    Malta Financial Intelligence Analysis Unit (FIAU  Combating money laundering and the financing of terrorism 18/03/2014 Cooperation, rendering of mutual assistance and exchange of information in the field of AML/CFT compliance supervision Media Statement   

    Malta 
    Central Bank of Malta  Country Central Bank 25/01/2013  Joint Financial Stability Board  MoU  Website 
    Malta Central Bank of Malta Country Central Bank 25/01/2013 Exchange of Information in the fields of financial services Mou Website
    Malta Central Bank of Malta Country Central Bank 05/01/2011 Payment and Securities settlement systems MoU Website
    Malta Office For Fair Competition Competition 02/06/2008 Mutual assistance and exchange of information Media Statement