On May 28, MLT FSA issued amendments re instant payments, DORA.
MLT FSA published a circular to the industry in relation to amendments introduced to chapter 2 (FIR/02) and chapter 3 (FIR/03) of the Financial institutions rulebook.
Follows EU CNCL Mar. 2024 issued Reg 2024/886 in EU official journal, see #190662.
Amendments
FIR/02 and FIR/03 revised to implement changes introduced in Dir 2015/2366 by way of Reg 2024/886 (instant payments regulation) re participation in payment systems.
Establishes conditions for payment institutions and electronic-money institutions requesting participation in designated payment systems designated under Dir 98/26.
FIR/02 updated to remove the reference to the EBA Guidelines on ICT and security risk management and retain reference to the Guidance on technology arrangements, ICT and security risk management, and outsourcing arrangements, as may be applicable.
Also introduces a rule requiring institutions to comply with the EBA guidelines.
Effectiveness
Payment/e-money institutions to comply with procedure, provide update on progress to MLT FSA by no later than 30 business days from circular date, Jul. 10, 2025.
Regulators
MLT FSA
Entity Types
Bank; CNSM; MSB
Reference
Cir, PR, 5/28/2025; Reg 2024/886; PSD Dir 2015/2366; Reg 2022/2554; SFD Dir 98/26; EBA/GL/2025/02);
