The Malta Financial Services Authority (‘MFSA’) published a circular on the 21st March 2020 extending certain reporting deadlines due to the COVID-19 pandemic. While the MFSA encourages firms to have adequate contingency plans underway, it recognizes the unprecedented challenges which licensed entities are currently facing due to the serious impact of COVID-19 on the financial services sector. In this light, the MFSA has extended several reporting deadlines due by March and April 2020 as listed below, while deadlines due by May and June remain unchanged for the time being.
An extension for next publications due four months after the end of each financial year may be granted following an official requested to the MFSA on a case-by-case basis.
An extension of two months for next publications due two months after the publication of the audited financial statements will be granted. Issuers and Sponsors must still provide the market with the most current available information.
An extension for next submissions due by March or April 2020 may be granted following an official request to the MFSA on a case-by-case basis.
All such entities are allowed two months for completion of the Q1 submission.
An extension for next submissions due by March or April may be granted following an official request to the MFSA on a case-by-case basis.
Extensions of supervisory reporting and public disclosure requirements under the Solvency II Directive will be granted based on the guidelines to be provided by the European Insurance and Occupational Pensions Authority (‘EIOPA’) in the coming days. Other reporting requirements will be regulated as follows:
The MFSA will not be granting an extension for next submissions due by June, but exceptions may be considered.
An extension of two months will be granted for next submissions due by March or April 2020.
An extension of two months will be granted for next submissions due by March or April 2020.
An extension of two months will be granted for next submission due by March or April 2020. For the time being, the deadline for next submissions due by May or June has not been extended.
An extension of two months will be granted for next submissions due by March or April 2020.
An extension of two months will be granted for next submissions due by March or April 2020.
An extension of up to two months from the reporting date of next submissions due by March or April may be granted following an official request to the MFSA on a case-by-case basis.
The MFSA will not be granting an extension for next submissions due by April and June, but exceptions may be considered.
The MFSA will not be granting an extension for next submissions due by April 2020, but exceptions may be considered.
The MFSA will not be extending the deadline for next submissions due by June for the time being.
The MFSA will not be granting an extension for next submissions due by May 2020, but exceptions may be considered.
The MFSA will not be granting an extension for next submissions due by (25) March 2020, but exceptions may be considered in coordination with the European Securities and Markets Authority (‘ESMA’).
An extension of up to two months from the reporting date of next submissions due by March or April 2020 may be granted following an official request to the MFSA on a case-by-case basis.
An extension of two months will be granted for next submissions due by March or April 2020.
An extension of two months will be granted for next submissions due by March or April 2020.
The MFSA will not be granting an extension for next submissions due by March or April 2020, but exceptions may be considered.
The MFSA will not be granting an extension for next submissions due by (6) April 2020, but exceptions may be considered in coordination with the European Securities and Markets Authority (‘ESMA’).
The requirements and their respective timelines prescribed by EU law, particularly regarding reporting of trusts beneficial ownership information under the 5th Anti Money Laundering Directive (‘AMLD’), are still applicable. Other requirements will be regulated as follows:
An extension of two months will be granted for next submissions due by March or April 2020.
The MFSA will not be granting an extension for next submissions due by March or April 2020, but exceptions may be considered.
These submissions are still required by the MFSA.
Any queries may be forwarded by email to:
The MFSA’s circular on reporting deadline extensions may be accessed here. For more information, please do not hesitate to contact us on [email protected].
