On Jul. 3, MLT GVT issued consumer credit regulations under act.
MLT FSA published L.N. 177 of 2026, transposing Directive (EU) 2023/2225 on credit agreements for consumers and repealing Directive 2008/48/EC; repeals the previous Financial Institutions Act (Consumer Credit) Regulations (S.L. 376.09).
Overview
New regulations applicable to creditors licensed under article 5 of the Financial Institutions Act and credit intermediaries admitted under the Consumer Credit Intermediaries (Admission) Regulations.
Covers pre-contractual and contractual information requirements, creditworthiness assessment, advertising standards, tying and bundling practices, advisory services, early repayment, right of withdrawal, overdraft facilities, forbearance measures, and debt advisory referrals.
Annual percentage rate of charge for consumer credit agreements within Malta must not exceed 16%, subject to revision by MLT FSA.
Administrative penalties for non-compliance imposable under article 23 of the Act; appeals lie before the Financial Services Tribunal.
Effectiveness
Regulations enter into force on Nov. 20, 2026; previous regulations continue to apply to credit agreements entered into before that date until their termination.
