The Malta Financial Services Authority (MFSA) published guidelines for credit institutions and foreign branches under the reporting framework 3.0 (reporting under the Capital Requirements Directive), a guidance note on administrative penalty calculations for breaches of regulatory requirements, and a circular and the associated template on threshold monitoring with respect to the intermediate European Union (EU) parent undertakings (IPUs).
The circular on the intermediate EU parent undertakings informs all credit institutions, investment firms, and third-country groups about the monitoring of the threshold and other procedural aspects on the establishment of the intermediate EU parent undertakings. EU parent institutions, stand-alone institutions, and third-country branches belonging to third-country groups are requested to submit the dedicated template to MFSA, following the template instructions outlined therein. The information shall be compiled using December 31, 2021 as the reference date and shall be submitted to MFSA by June 17, 2022. In addition to the submission of this template, EU parent institutions and stand-alone institutions belonging to the third-country groups are also requested to immediately notify MFSA in case of a material change identified through the quarterly assessments. A material change shall be understood as a change that would alter the final outcome as submitted to MFSA through the dedicated template, such as, a change that would bring the total value of assets of the third-country group entities in EU to exceed the EUR 40 billion threshold in that quarter.
- Reporting Guidelines for Credit Institutions (XLSX)
- Reporting Guidelines for Foreign Branches (XSLX)
- Circular and Template on IPU Threshold Monitoring
- Guidance on Penalty Calculations Guide
Keywords: Europe, Malta, Banking, Investment Firms, Reporting, CRD IV, Basel, Framework 3.0, Intermediate Parent Undertakings, Administrative Penalty, Compliance Risk, MFSA
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