The MFSA publishes Financial Instrument Test
This article was written by Dr. Christina Scicluna & Dr. Luke Mizzi. Following the Malta Financial Services Authority's (MFSA) consultation process the Authority has published a trial version of the financial instrument test which shall be carried out by issuers of Initial Coin Offerings (ICOs) prior to the offering of DLT assets to the public in or from within Malta and by persons providing any service and/or performing any activity, within the context of either the Virtual Financial Assets Act or investment services legislation. The test shall take place by means of an interactive excel sheet which transposes the various…
Luke Mizzi27th July 2018