The Malta Chamber of SMEs welcomes MCESD Chairperson David Xuereb to its offices
01 February 2024
Malta Chamber of SMEs President Mr Paul Abela and Deputy President Mr Philip Fenech welcomed...
The Malta Financial Services Authority have recently published a consultation document on the Updated CSP rules and rulebook. Tha SME Chamber has once again kickstarted a consultation process amongst CSP operators and sole pretensioners who offer the service of a CSP. The CSP committee has also met on this topic in order to discuss into more details the provisions and changes proposed.
The SME Chamber positively notes that the rulebook published addresses a number of concerns raised in earlier feedback by the SME Chamber. Moreover, a number of recommendations put forward by Malta Chamber of SMEs have been upheld and taken on-board.
Of the main changes it is important to note;
The SME Chamber proposed the below in order to ensure the smooth transition and also ensure that the principle of proportionality is being taken into consideration;
The position paper submitted to MFSA can be viewed here. The SME Chamber, together with the CSP committee will also be holding a meeting with MFSA to explain the main concerns.
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