MFSA issues new rules under the Retirement Pensions Act, 2011

On the 7th January 2015, the Malta Financial Services Authority issued the new Regulations and Pension Rules under the Retirement Pensions Act, with effect from 1st January 2015.

The aim of the new Pension Rules is to supplement the legal framework for the licensing and regulation of retirement schemes, retirement funds and service providers related thereto, as well as for the requirement of recognition for persons carrying on back-office administrative activities and includes more detailed regulatory requirements by which persons licensed or recognised under the Retirement Pensions Act are required to comply with.

The following Legal Notices under the Retirement Pensions Act have been published:

LN 3 of 2015 – Special Funds (Revocation) Regulations, 2015

LN 4 of 2015 – Retirement Pensions Act, 2011

LN 5 of 2015 – Retirement Pensions (Transitional Provisions) Regulations, 2015

LN 6 of 2015 – Retirement Pensions Act (Exemption) Regulations, 2015

LN 7 of 2015 – Retirement Pensions (Control of Assets) Regulations, 2015

LN 8 of 2015 – Retirement Pensions (Defined Benefit Retirement Schemes) Regulations, 2015

LN 9 of 2015 – Retirement Pensions (European Passport Rights for Institutions for Occupational Retirement Provision) Regulations, 2015

More information on the related legislation and regulations can be accessed by clicking on the following links:

Pensions Regulation

Pensions Legislation