Launch of Consultation Paper on the VFAA Regulations

Dr. Priscilla Mifsud Parker co-authored with Sarah Vassallo | Published on 05 Jul 2018

Malta DLT Legislation img

The Malta Financial Services Authority (the ‘MFSA’) has published a consultation paper which outlines the draft Virtual Financial Asset regulations (the ‘Regulations’) to be issued under the Virtual Financial Assets Act (the ‘VFAA’).

The proposed Regulations seek to provide more clarity with respect to exemptionsfeescontrol of assets; and administrative penalties and appeals

The consultation paper can be found here .

Looking to set up in Malta?

At Chetcuti Cauchi, our Fintech specialists have been one of the pioneers following the developments in the industry and penning consultation documents which were requested by the Government as it sought to understand the best way to regulate this industry. This has given us significant insights and positioned us at as one of the top law firms for enterprises seeking to:

Our multi-disciplinary nature as a firm allows us to work closely with various departments in the firm, including our Corporate, Intellectual Property, Gaming and Tax departments in order to help clients set up their physical presence in Malta and become compliant with the new Acts. Our lawyers and financial services specialists at Chetcuti Cauchi Advocates provide bespoke solutions to clients by combining the traditional legal fabric with new technologies. Led by Nicholas Warren, our Fintech Practice strives to assist clients in this burgeoning and evolving sector of law, which is set to reshape the financial services sector as we know it.

If you would like more information as to how the Financial Instruments Test may impact your business once you set up in Malta, or are interested in the setting up of a DLT company, an ICO, a cryptocurrency exchange, or alternatively would like to set up a Crypto Fund in Malta, we welcome you to get in touch with our specialists at 

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Key Contacts

Dr Priscilla Mifsud Parker

Senior Partner, Corporate, Tax & Immigration

+356 22056122

Mr Steve Muscat Azzopardi

Director, Trust & Corporate Services, CCA Interserv Ltd

+356 2205 6328

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