The MFSA is the single regulator of all financial services business in Malta.

Insurance activities are governed by the Insurance Business Act 1998 which implements the relevant EU Insurance Directives.

The MFSA caters explicitly for captive or “affiliated insurance companies” as referred to under Maltese Law and which may be authorised to underwrite risks emanating from:

• - Parent companies.
• - Associated or group companies.
• - Other entities having a majority ownership or controlling interest in the captive.
• - Members of trade, industry or professional associations insuring risks related to those trades or professions.

The EU single passport for services and establishment rules apply.