On the 30th of October, the Malta Financial Services Authority published an updated Corporate Governance Manual for Collective Investment Schemes. The MFSA has communicated this via a circular issued on the same day stating that in line with the Authority’s strategic priority of strengthening the overall governance, conduct, and culture within the financial services sector, the Authority embarked on a long-term project aimed at strengthening the overall corporate governance framework of its authorised entities.
The updated manual seeks to align the Corporate Governance Manual for Directors of Investment Companies and Collective Investment Schemes with the general Corporate Governance Code, the Authority’s supervisory expectations, regulatory developments, and trends, as well as the renewed strategic orientation of the Authority. The Manual introduces additional principles and best practices that are specific to the funds sector, promoting strong and effective governance, seeking to enhance compliance culture, and ensuring the continued stability, growth, and soundness of the sector.
This document can be accessed through the following link :
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