The MFSA has published guidance and regulatory updates on the COVID-19 outbreak and its effects on the financial services sector.
This is piece forms part of a series of COVID-19 updates published by our firm in response to developments around the pandemic. For more on this series, please see here.
Licensed entities are expected by the MFSA to:
- take all reasonable measures to ensure they have appropriate business contingency plans (‘BCPs’) in place to deal with any eventuality relating to the outbreak of COVID-19;
- consider the impacts of COVID-19 on their BCPs;
- review, update and test their BCP in light of the current outbreak. MORE.