REGULATION

Malta Regulation

 

Malta Regulation

The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. It was established by law on 23 July 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis.

Malta is a jurisdiction that complies with and helps develop international best practice and is actively involved with the OECD, the EU and the Commonwealth in modelling global regulatory policy. The MFSA is a member of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). The Authority is also a member of the International Organisation of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) and a signatory of the Multilateral Memorandum of Understanding with other members of these Institutions.

Malta’s development as an international financial centre is reflected in the range of financial services available. Malta continues to be positively ranked for its performance in the financial sector. The World Economic Forum’s Global Competitiveness Index 2012-2013 ranked Malta 15th out of 144 countries for its financial market development.

The Maltese financial services industry is both diversified and has a lot of depth. It operates locally, at the European level and is ready to reach globally

Tier1FX is the Foreign Exchange division of Hogg Capital Investments Ltd, a fully licensed Category II Investment Services Company (registration number C 18954) authorized and regulated by the Malta Financial Service Authority (MFSA) – to view the licence, please visit https://www.mfsa.com.mt/pages/lh.aspx?id=2078

EU Regulation

 

EU Regulation

Through license of Hogg Capital Investments Ltd issued by MFSA, Tier1FX complies with Markets in Financial Instruments Directive (MiFID) and is authorized to operate throughout European markets.

 

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AML Policy Statement

 

AML POLICY STATEMENT

Tier1FX as forex division of Hogg Capital Investments Limited holds a Category 2 license as issued by the MFSA in terms of the Investment Services Act. The company’s investment services license falls under the definition of relevant financial business in terms of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and, therefore, the company fully complies with such legal requirements.

In adherence to PMLFTR and FIAU’s Implementing Procures, the AML guidance notes are issued to the employees of Tier1FX in company’s AML Procedures which form an integral part of the company’s Policy.

As part of AML policy, Tier1FX does NOT:

square Accept Third Party Payments
square Accept clients coming from Iran or North Korea

If you wish to understand more fully the AML process Tier1FX follows in assessing client accounts for acceptance, please contact compliance@tier1fx.com with your questions.