Since its inception, the MFSA has sought to generate predictability and stability in relation to the regulatory fees charged to licence holders. In proposing the new fees for insurers, reinsurers, insurance intermediaries and retirement funds, the MFSA has acknowledged that operational supervisory costs have increased as a result of tighter EU requirements.
The consultation document seeks stakeholders’ views on the new authorisation fees and annual supervision fees in the insurance sector. The MFSA has left licence fees unchanged for two consecutive periods of five years. The Authority anticipates that the revised insurance fees will also remain consistent for the next five years (from 2014 – 2018) unless economic conditions dictate otherwise.
Interested parties are instructed to send their comments and suggestions to the Communications Unit at email@example.com by not later than 10 January 2014.
The MFSA’s Consultation Document can be accessed by clicking here.