MFSA Publishes the Financial Instrument Test

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 […]

Written By ACT Team

On July 30, 2018
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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. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].