Firms) (Amendment) Regulations, 2025

Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,478, 29 ta’ Lulju, 2025 B 1571

L.N. 155 of 2025

INVESTMENT SERVICES ACT

(CAP. 370)

Investment Services Act (Provision of Investment

Services and Activities by Third-Country

Firms) (Amendment) Regulations, 2025

IN EXERCISE of the powers conferred by article 12 of the

Investment Services Act, the Minister responsible for the regulation of

financial services, acting on the advice of the Malta Financial Services

Authority, has made the following regulations:-

(1) The title of these regulations is the Investment Citation and

Services Act (Provision of Investment Services and Activities by scope.

Third-Country Firms) (Amendment) Regulations, 2025 and these

regulations shall be read and construed as one with the Investment S.L. 370.43.

Services Act (Provision of Investment Services and Activities by

Third-Country Firms) Regulations, hereinafter referred to as the

"principal regulations".

(2) The scope of these regulations is to further transpose, in

part, Article 64(3) of Directive (EU) 2019/2034 of the European

Parliament and of the Council of 27 November 2019 on the prudential

supervision of investment firms and amending Directives 2002/87/EC,

2009/65/EC, 2011/61/EU, 2013/36/EU, 2014/59/EU and 2014/65/EU.

Regulation 7A of the principal regulations shall be Amends

regulation 7A of

amended as follows

the principal

regulations.

(a) in paragraph (h) thereof the words "of the branch."

shall be substituted by the words "of the branch:";

(b) in paragraph (d) of the proviso thereof the words "an

authorised branch belongs." shall be substituted by the words "an

authorised branch belongs:" and immediately thereafter there

shall be added the following new proviso

"Provided further that the competent authority

referred to in regulation 7(1) shall cooperate closely with

the competent authorities of entities that are part of the

same group to which branches of third-country firms

authorised in accordance with regulation 5(1) belong, and

ESMA and EBA, to ensure that all activities of that group

in the European Union are subject to comprehensive,

consistent and effective supervision in accordance with the

MIFID, the MiFIR, the CRR, the IFR, the CRD, and the

IFD.".

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