The Malta Financial Services Authority (MFSA) and Seychelles Financial Services Authority (FSA) have entered a Memorandum of Understanding (MoU) to formalise regulatory cooperation in identified areas of mutual interest.
FSA is Seychelles’ regulator responsible to license, regulate, enforce regulatory and compliance requirements, monitor and supervise the conduct of business in the non-bank financial services sector in Seychelles.
The MoU was signed by Pascal Morin, Chief Executive Officer of FSA and Kenneth Farrugia, Chief Executive Officer of the MFSA.
The objective of the MoU is to facilitate the sharing of information and best practices related to financial market development, regulatory frameworks and business structures in the respective jurisdictions.
It also seeks to promote the fitness and properness of licensed or registered persons, promote high standards of fair dealing and integrity and strengthen enforcement efforts within the respective jurisdictions.
