Rachel Gauci, Author at Mamo TCV

Strengthening Risk Management: MFSA’s Expectations for CSPs

On the 25th of November 2025, the Malta Financial Services Authority (“MFSA”) issued a ‘Dear CEO letter’ to communicate the results of a thematic review of the risk management function of Class C Company Service Providers(“CSPs”). This letter forms part of the MFSA’s wider supervisory drive to enhance governance, culture and resilience across the sector. Although the review is focused on a selected sample, the expectations outlined are relevant to all CSPs authorised in Malta. Under the Company Service Provider Rulebook (“the Rulebook”), CSPs must maintain a risk management framework that allows them to identify, analyse and evaluate risk, by…

Rachel Gauci16th December 2025

Capital Markets Corporate and M&A Regulatory Compliance

Building Trust Through Transparency: ESMA’s 2025 Sustainability Reporting Priorities

For public interest companies with more than 500 employees (“Wave 1 companies”), 2025 marks the first reporting year under the Corporate Sustainability Reporting Directive (“CSRD”). As a result, these companies are applying the European Sustainability Reporting Standards (ESRS) for the first time. The European Commission has been working on streamlining these requirements through what is known as the Omnibus legislative package. This includes proposed amendments to simplify the CSRD, delay some reporting obligations, and refine the ESRS for future years. Despite this, the European Securities and Markets Authority (“ESMA”), has made its position clear. Companies reporting for 2025 must use…

Rachel Gauci12th November 2025

Rachel Gauci

Strengthening Risk Management: MFSA’s Expectations for CSPs

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