Lawyers, accountants face tougher rules, higher costs to act as company directors
An army of warranted professionals in Malta are balking at new rules removing their exemption from onerous authorisation by the financial regulator to act as company officers
6 April 2021, 8:04am
by Matthew Vella
An army of warranted professionals in Malta – accountants, auditors, lawyers and notaries – are balking at new rules removing their exemption from onerous authorisation by the financial regulator (MFSA) to act as company officers.
The pressure on Malta to tighten up its corporate governance rules by the Council of Europe’s Moneyval, will mean warranted professionals must be authorised before accepting directorships on companies or providing the services of company secretary.