On February 25, the Malta Financial Services Authority (MFSA) issued a feedback statement on STO consultation documents. The Malta Financial Services Authority has received feedback from 18 industry participants and stakeholders including state agencies, regulated companies, associations, technology providers, law firms and consulting firms.
MFSA's Deputy Head of Securities and Market Regulation Lorraine Vella explained that the feedback statement will pave the way for legal certainty of the Securities Token Offering (STO) in Malta's financial markets. As the proposed business model may be very different in the way DLT is adopted, the Authority plans to conduct a case-by-case assessment in terms of trading venues. The MFSA acknowledges that its efforts to promote regulation, innovation and the growth of the Malta STO market will need to be undertaken within a pre-established European legislative framework. MFSA will continue to work with other regulators and international agencies.