The Malta Financial Services Authority (MFSA) published a consultation document, guidance notes and a CASP Regulatory Documentation on January 6th, 2025, aimed at crypto-asset service providers (CASPs) licensed under the Markets in Crypto-Assets Act (‘the Act’).
The documents provide guidance on how to prepare the CASP Return, along with a submission guide that outlines the required documentation, deadlines, and methods for submission.
The CASP Return is a crucial part of the MFSA’s efforts to enhance the regulation and supervision of crypto-asset service providers. This consultation aims to collect comprehensive data for effective oversight and regulatory compliance. It covers areas such as financial reporting, operational practices, custody management, outsourcing, client information, passporting, and complaint handling. The return also includes automated validation tools and supports multi-currency reporting, with automatic conversion to EUR based on European Central Bank exchange rates.
Starting December 30, 2024, licensed CASPs will need to submit three types of returns:
- Interim CASP Return (ICR): Quarterly, within one month of the reporting date, due at three, six, and nine months after the accounting reference date.
- Annual CASP Return (ACR): Due within one month of the accounting reference date.
- Audited Annual CASP Return (AACR): Due within six months of the accounting reference date.
Feedback to the Consultation is to be submitted by no later than the 31st of January 2025.