The International Association of Insurance Supervisors (IAIS) has accepted the MFSA’s application for accession to the Multilateral Memorandum of Understanding (MMoU) on co-operation and information exchange. The MFSA officially signed the MMoU on October 26, after a lengthy application process which involved a thorough screening and scrutiny of Malta’s legislative and regulatory framework.
The MMoU may be viewed on the IAIS website at the following link: http://www.iaisweb.org/__temp/IAIS_MMoU.pdf. The IAIS was established in 1994 with the aim of establishing sound insurance markets and contributing to international financial stabi-lity and has grown into a network of over 190 jurisdictions worldwide.