The International Financial Services Centres Authority (“IFSCA”) has issued a press release dated February 24, 2026, regarding the execution of a Memorandum of Understanding (“MoU”) between IFSCA and the Malta Financial Services Authority (“MFSA”) (“Press Release”).
The key highlights of the Press Release are as follows:
- The MoU formalises regulatory cooperation between IFSCA and MFSA in identified areas of mutual interest. The MoU was virtually exchanged and became operational on February 24, 2026.
- The MoU was signed by Shri K. Rajaraman (Chairperson, IFSCA) and Mr. Kenneth Farrugia (Chief Executive Officer, MFSA) in the presence of Ms. Roja S. Ranjan (Chargé d’Affaires, High Commission of India, Malta), Dr. Dipesh Shah (Executive Director, IFSCA), and other senior officials of IFSCA and MFSA.
- The MoU aims to facilitate the exchange of information on recent trends, regulatory developments, business structures, and best practices in the financial markets of both jurisdictions.
- The MoU also seeks to promote high standards of fair dealing, business integrity, and proper conduct while ensuring the fitness and propriety of licensed and registered entities.
- Further, the MoU provides for cooperation in the enforcement of applicable laws, rules, and regulations governing financial products, financial services, and financial institutions, as well as the exchange of information relating to financial technology (FinTech), regulatory technology (RegTech), innovation, and emerging technologies.
A copy of the Press Release is attached herewith for your ready reference.
Source category: IFSC Insurance Office
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