Company Service Providers (Exemption)

Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,439, 16 ta’ Mejju, 2025 B 939

L.N. 90 of 2025

COMPANY SERVICE PROVIDERS ACT

(CAP. 529)

Company Service Providers (Exemption)

(Amendment) Regulations, 2025

IN EXERCISE of the powers conferred by article 14 of the

Company Services Providers Act, the Minister responsible for the

regulation of financial services, on the advice of the Malta Financial

Services Authority, has made the following regulations:-

The title of these regulations is the Company Service Citation.

Providers (Exemption) (Amendment) Regulations, 2025 and these

regulations shall be read and construed as one with the Company S.L. 529.02.

Service Providers (Exemption) Regulations, hereinafter referred to as

the "principal regulations".

In regulation 2 of the principal regulations immediately Amends

after the definition "Authority" there shall be added the following new regulation

the principal

definition

regulations.

" "holding company" means any body corporate which

directly holds twenty-five per cent (25%) or more of the shares

in a body corporate which is licensed, registered or otherwise

authorised by the Authority, or which is authorised by an

overseas regulatory authority in a recognised jurisdiction;".

Regulation 3 of the principal regulations shall be amended Amends

regulation 3 of

as follows

the principal

regulations.

(a) the marginal note thereof shall be substituted by the

following new marginal note

"Exemption from articles 3, 3A and 3B of the Act.";

(b)

sub-regulation (1) thereof shall be amended as

follows

(i) the words "The following persons are hereby

being exempted for the purposes of the requirement of

authorisation for company service providers in terms of

article 3 of the Act and shall accordingly be exempted from

complying with the provisions of the Act:" shall be

substituted by the words "Without prejudice to sub-

regulation (2), the following persons shall be exempt from

the provisions of articles 3, 3A and 3B of the Act, as

applicable:";

(ii)

paragraph (b) thereof shall be deleted; and

(iii) paragraph (c) thereof shall be substituted by the

following new paragraph

"(c) a natural person who acts, or holds himself out

as acting, as a director, a company secretary, a partner

and, or a similar position solely in relation to a company,

a partnership and, or a legal entity which is licensed,

registered or otherwise authorised by the Authority and

the holding company of such company or legal entity

Provided that this exemption shall also apply

to a natural person who acts, or holds himself out as

acting, as a director, a company secretary, a partner and,

or a similar position solely in relation to a company, a

partnership and, or a legal entity which is authorised by

an overseas regulatory authority in a recognized

jurisdiction and the holding company of such company or

legal entity; and"; and

(c) sub-regulation (2) thereof shall be substituted by the

following new sub-regulation

"(2) Any such person as referred to in paragraph (a)

of sub-regulation (1) shall, prior to providing any company

services, notify the Authority in writing by means of the

prescribed form that they shall be providing such services

and that they are exempt from the provisions of articles 3,

3A and 3B of the Act, as applicable, in accordance with

these regulations.".

In regulation 4 of the principal regulations the words

"related to such person’s operations and activities as a company

service provider" shall be substituted by the words "relating to the

provision of company services by such person".

€0.09