An ACT to amend the Company Service Providers Act, Cap. 529 and to provide for matters ancillary or incidental thereto was passed by Parliament as Act No. L of 2020 and published on 13 November 2020.
A Consultation Document focusing on specific new areas of the proposed updated Rules for Company Service Providers was launched on 1 December 2020 by the Malta Financial Services Authority (MFSA), following the amendments made to the Company Service Providers Act.These may be accessed as per the following link.

The Act will be brought into force through a legal notice by the Minister of Finance and Employment in the coming months.