Senior Regulatory Advisor
Claudio Xerri
Claudio Xerri
Claudio Xerri is a Senior Regulatory and Compliance Advisor in the insurance law practice unit of Mamo TCV Advocates. He regularly assists clients on compliance and regulatory matters in insurance and pensions-related matters, corporate governance matters, and other legal and regulatory matters. Before joining Mamo TCV, Claudio spent 20 years at the Malta Financial Services Authority, the last 4 of which he held the position of a Senior Manager within the Authorisation Team leading a team whose duties primarily included the processing of applications within specific timeframes, attending meetings and holding interviews with key officials of potential applicants / licenceholders in the areas of insurance and pensions. During his tenure at the MFSA he also attended seminars and participated in different EIOPA working groups. He has also provided training to the insurance market on various insurance related topics.
Education
- Bachelor of Commerce (Hons) Degree in Management from the University of Malta
- Associateship of the Chartered Insurance Institute, UK
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Address
MAMO TCV Advocates
Palazzo Pietro Stiges
103, Strait Street
Valletta, VLT 1436
Malta
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Regulatory Compliance Quarterly Update | Q1 2023
We are pleased to issue our fourth edition of the Regulatory Compliance Quarterly Updates. These updates are intended to keep Maltese regulated entities informed of regulatory changes and developments taking place in the local financial services space. In this issue, we focus on the sector specific and cross-sectoral regulatory updates relating to Investment Services and Asset Management, Company Service Providers, Insurance Undertakings, and Insurance Intermediaries. Our fourth Regulatory Compliance Quarterly Update can be found here.The Regulatory Compliance Quarterly Update does not purport to give legal, regulatory,financial or tax advice. Should you require further information or assistance, please do not hesitate…
EIOPA publishes Supervisory Statement on the Use of Governance Arrangements in Third Countries
On the 2nd of February 2023, the European Insurance and Occupational Pensions Authority (hereinafter referred to as “EIOPA”) published a Supervisory Statement on the use of governance arrangements in third countries to perform functions or activities (hereinafter referred to as the “Statement”). This Statement has been published in the context of EIOPA’s previous emphasis on insurance undertakings to institute corporate substance proportionate to the nature, scale and complexity of their business. The aim of this Statement is to strengthen the level of supervision and monitoring of insurance undertakings’ and insurance intermediaries’ compliance with relevant legislation in connection with their governance…
![Title [Capitalize the first letter of all words in the title - except short ones like ‘a’, ‘of’ etc.] [Please keep News Update Titles as short as possible} MFSA publishes Consultation Document on Proposed Amendments to the Insurance Business Act and Insurance Distribution Act](https://www.mamotcv.com/app/uploads/2023/02/pexels-le-vy-668553-600x403.jpg)
Proposed Amendments to the IBA and IDA set out by MFSA in Consultation Document
The MFSA published a Consultation Document on proposed amendments to the Insurance Business Act (hereinafter referred to as the “IBA”) and the Insurance Distribution Act (hereinafter referred to as the “IDA”) on the 22nd of February. The MFSA also made available the draft legislation, as well as a podcast laying down the proposed amendments. The amendments which have been put forward are geared towards allowing insurance undertakings authorised under the IBA, enrolled persons and companies under the IDA forming part of a group of companies, as well as Maltese branches or subsidiaries of multinational groups, to share confidential client information…
