On February 24, 2026, the International Financial Services Centres Authority (IFSCA) and Malta Financial Services Authority (MFSA) entered into a Memorandum of Understanding (MoU) to formalize regulatory cooperation in identified areas of mutual interest. The MoU was signed by Mr. K Rajaraman, Chairperson, IFSCA and Mr. Kenneth Farrugia, Chief Executive Officer, MFSA. Ms. Roja S Rajan, Cd'A, High Commission of India, Malta, Dr. Dipesh Shah, Executive Director, IFSCA and other senior officials of MFSA and IFSCA witnessed the MoU exchange. The objective of the MoU is to facilitate the sharing of information on recent trends and best practices in development, regulatory and business structures in the financial markets in the respective jurisdictions. It will also promote and secure the fitness and properness of licensed or registered persons and promote high standards of fair dealing and integrity in conduct of business. The MoU will facilitate the enforcement of laws, rules, and regulations governing financial products, financial services, and financial institutions within their respective jurisdictions and will encompass the sharing of information about application of technologies, innovations, financial technology and regulatory technology in the financial markets in the respective jurisdictions.
Key Entities Referenced
Memorandum of Understanding (MoU): Agreement between IFSCA and MFSA to formalize regulatory cooperation.
International Financial Services Centres Authority (IFSCA): One party to the MoU; an authority focused on financial services centers.
Malta Financial Services Authority (MFSA): One party to the MoU; a financial services authority from Malta.
Gandhinagar: Location where press release originated.
PRESS RELEASE
IFSCA executes MoU with Malta Financial Services Authority
The International Financial Services Centres Authority (‘IFSCA’) and Malta Financial
Services Authority (‘MFSA’) have entered into a Memorandum of Understanding
(MoU) to formalize regulatory cooperation in identified areas of mutual interest. The
MoU was signed by Mr. K Rajaraman, Chairperson, IFSCA and Mr. Kenneth Farrugia,
Chief Executive Officer, MFSA. Ms. Roja S Rajan, Cd'A, High Commission of India,
Malta, Dr. Dipesh Shah, Executive Director, IFSCA and other senior officials of MFSA
and IFSCA witnessed the MoU exchange. The MoU was virtually exchanged and
operationalized on February 24, 2026.
The objective of the MoU is to facilitate the sharing of information on recent trends and
best practices in development, regulatory and business structures in the financial
markets in the respective jurisdictions as well as to promote and secure the fitness
and properness of licensed or registered persons and to promote high standards of
fair dealing and integrity in conduct of business.
In addition, the MoU will also facilitate the enforcement of laws, rules, and regulations
governing financial products, financial services, and financial institutions within their
respective jurisdictions. Furthermore, the MoU will encompass the sharing of
information about application of technologies, innovations, financial technology and
regulatory technology in the financial markets in the respective jurisdictions.
Gandhinagar
February 24, 2026