Over the last months, the IFSP Directors & CSP subcommittee has engaged with the relevant MFSA Supervisory Function Team to address how improvements and amendments to the Annual Compliance Report (ACR) can be automated for increased user-friendliness for CSPs, and simplified to be more in sync with the realities faced by practitioners.Since the CSP rulebook has been introduced, IFSP has continued to engage regularly with MFSA to highlight and explain the difficulties that a “one-size-fits-all” approach presents to CSPs. The reality is that the CSP sector is made up of individual directors, as well as small, medium and large and more complex CSP firms. The IFSP appreciates the responsibilities of the Regulator and the importance of the ACR to collect and collate up-to-date information from CSPs. With this in mind, the MFSA and IFSP have collaborated on a process to simplify, automate and improve the ACR, streamlining some reporting obligations, without compromising its effectiveness, and respecting the principle of proportionality. The IFSP is pleased with the collaborative approach taken by MFSA in this regard, which augurs well for future cooperation between MFSA and IFSP.As you are aware, the 2022 ACR needs to be compiled and uploaded by the 30th April 2023.More information can be found on the MFSA website:

• https://www.mfsa.mt/our-work/company-service-providers/?ver=50000
• https://www.mfsa.mt/publications/circulars/company-service-providers/?ver=50000

The IFSP is offering you a unique opportunity to obtain first-hand guidance on the new ACR template and directly engage with the Supervisory experts at MFSA in this not-to-be-missed Webinar!Who is the webinar aimed at?CSPs, individual Directors, CSP operators, and anyone responsible for filling the ACR.What will you achieve?A full understanding of the changes that have taken place in the ACR, as well as practical guidance on how to fill in the relevant sections of the ACR by MFSA Conduct Supervisors.Register NOW!Book your place by sending an email to Ms Lindsey Busuttil on: events@ifsp.org.mtRegistration fees:IFSP members – €50 + VATNon–members – €80 + VAT(* Fees for IFSP members are applicable only if membership fees are up-to-date.)Programme:14:30Introduction by Ivan Grech, CEO IFSP14:35 – 14:45Background to the Webinar by Etienne Borg Cardona, Chair, IFSP Directors and CSP Sub Committee14:45 – 14:55Introduction to the updated Annual Compliance Return for CSPs by Petra Camilleri, MFSA Deputy Head, Trustees, and Company Service Providers Supervision14:55 – 16:15What’s New with the ACR for CSPs by Nadia Doublet, MFSA Analyst, Trustees and Company Service Providers Supervision, and Roshan Mohnani, MFSA Analyst, Trustees and Company Service Providers Supervision16:15 – 17:00Q&As and interaction with Practitioners.