The Malta Financial Services Authority has recently published the Financial Instrument Test, which will apply to issuers offering DLT assets to the public as well as to individuals providing services in the context of the Virtual Financial Assets (VFA) Act or the financial services legislation in general.
The purpose of such a test is to establish whether a DLT asset qualifies as Electronic Money, a Financial Instrument, a Virtual Financial Asset or a Virtual Token.
Parties who wish to send their feedback to the MFSA are requested to do so by not later than the 13th of August 2018.