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Screenshot of a breaking news alert e-mail from Q2 2017
The Malta Financial Services Authority is requesting that any license holder affected by the Swiss franc market event should inform the regulator immediately without undue delay. In the affirmative, the EU regulator states to kindly provide them with the following:
1. your comments regarding the materiality of any losses (whether realized or unrealized) vis-à-vis the scale of company’s operations, including, but not limited, to the maintenance of minimum regulatory capital; and
2. any other factors which you feel you should bring to the Authority’s attention. Kindly provide us with this information as soon as possible and in any event by close of business Thursday, January 22nd 2015.
The move follows a similar official request from the Cyrus Securities and Exchange Commission, both financial services hubs are home to a number of brokerages and investment houses operating within the international FX industry.
For the official letter, click here (PDF).