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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MFSA Issues Guidelines to the Submission of the Statement of Source of Wealth and Source of Funds
On the 12 August 2022, the MFSA has issued a Circular to inform the financial services industry of the launch of a new standardised template (“Annex AX26: Source of Wealth and Source of funds self-declaration form”) to be used with immediate effect when submitting a statement of source of wealth and source of funds. The statement is to be submitted by all qualifying shareholders and Politically Exposed Persons as an attachment to their online Personal Questionnaire. The statement is to be filled in electronically and signed by the applicant. Disclaimer: This document does not purport to give legal, financial or…
MFSA Issues Circular on Adopting EIOPA’s Revised Guidelines on the Legal Entity Identifier
On the 8th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on Adopting the European Insurance and Occupational Pensions Authority (hereinafter referred to as “EIOPA”) Revised Guidelines on the Legal Entity Identifier (hereinafter referred to as “the Guidelines”) which became applicable on the 1st July 2022 and which repealed the Guidelines on the use of the Legal Entity Identifier. The Legal Entity Identifier (hereinafter referred to as “LEI”) is a 20-character, alpha-numeric, code which is unique to each legal entity participating in financial transactions. Each LEI code contains information about an entity’s…
MFSA Circular: Amendments to Chapter 5 of Insurance Rules and Related Legislation
On the 5th August 2022, the Malta Financial Services Authority (hereinafter referred to as “the MFSA”) issued a Circular on the amendments to: the Glossary of Terms, Chapter 5 of the Insurance Rules and the Insurance Business (Exemptions) Regulations. These amendments are being carried out to ensure that the MFSA adheres to the EU Notice on the adaptation in line with inflation of the amounts laid down in the Solvency II Directive which was published on the 19th October 2021 (hereinafter referred to as “the Notice”) and the Revised Guidelines on the Valuation of Technical Provisions and the Revised Guidelines…
