The FIAU would like to inform financial institutions licensed under the provisions of the Financial Institutions Act that the Risk Evaluation Questionnaire (REQ) is now available for completion.
Financial institutions must submit their REQ through the new single reporting platform on the MFSA website, the ‘License Holder (LH) Portal’, https://lhportal.mfsa.mt. It is important that when saving the file to upload on the portal, subject persons include their unique LH code (as allocated by MFSA) in the naming convention.
Download the REQ directly from the MFSA website by clicking here
It is important to note that the Subject Person Profile and the Business Risk Assessment (BRA) uploading on the Subject Person Profile remain unchanged and must be submitted via CASPAR. Financial institutions will be prompted to complete the applicable payment for the REQ submission through the CASPAR portal. Payment instructions will be communicated through an official notification when due.
The FIAU would like to take this opportunity to remind financial institutions that the BRA needs to be submitted on CASPAR at any point during the year once it is updated. This implies there is no need to submit the BRA on 31 January 2025 if it is updated later in the year.
The updated deadline for this submission is 31st January 2025, to align with the MFSA’s reporting requirements.
For queries or difficulties regarding the contents of the submission files, kindly choose REQ Submissions from the drop-down menu in the Contact Us page of the MFSA’s portal. Any technical difficulties should be addressed to Technical Support via the Contact Us page.
It is important to note that this REQ must not be filled in by financial institutions that also hold licences under the provision of the Investments Services Act, the Insurance Business Act or the Insurance Distribution Act. The latter need to submit the REQ through CASPAR as in previous years within the normal period.