On Oct. 4, MLT GVT amended investment services supervision rules.
MLT GVT issued Investment Services Act (Supervisory Review) (Amendment) Regulations 2024 (Reg 252/2024) amending Investment Services Act (Supervisory Review) RegulationsS.L. 370.15, both regulations now to be read, construed as one.
Follows EU CNCL Dec. 2022 issued final Dir 2022/2556 and Reg 2022/2554 on digital operational resilience for financial sector in European Official Journal, see #137568.
Regulations
Scope of regulations is to transpose Article 4(4) of the Digital Operational Resilience Act (DORA Dir 2022/2566) on digital operational resilience in the financial sector.
Adds definition of DORA, that competent authority to review arrangements, strategies, processes and mechanisms implemented by investments firms, evaluate risks revealed by digital operational resilience testing as per chapter 4 of DORA Reg 2022/2554.
Effectiveness
Regulations come into force on Jan. 17, 2025, date on which DORA measures in force.
Regulators
MLT GVT
Entity Types
B/D; HF; IA; IB; Inv Co
Reference
OG 21,323, Reg 252/2024, 10/4/2024; S.L. 370.15, Citation: Reg 252/2024; DORA Dir 2022/2566; DORA Reg 2022/2554;
