The Malta Financial Services Authority (MFSA) has launched its Corporate Governance Code. All MFSA authorised entities will have to abide by the code, which complements the existing provisions already in force in the legal and regulatory framework and is based on the principle of proportionality.
Entities will be expected to adhere to the code in a way that is proportionate to the size, nature and complexity of their operations. The MFSA considers good corporate governance as a necessary instrument to guarantee investor protection, market integrity and financial soundness.
This Corporate Governance Code does not apply to MFSA listed entities falling within the scope of the Capital Market Rules, nor to authorised entities which are also listed entities falling within the scope of the Capital Markets Rules, given that these contain more specific provisions in this regard. This Code also does not apply to authorised persons who are natural persons.