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Malta · EU member

Malta Financial Services Authority

MFSA · Financial supervisory authorityProlific

Birkirkarawww.mfsa.mt
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Employees

575

· headcount

FY2025

Annual budget

€48.9m

· operating expenses

FY2025

Supervised entities

2,413

· authorised entities

FY2025

Overview

The MFSA regulates a financial sector that generates 7.3% of Malta's economy — from a single authority of 575 people, one of the tightest supervisor-to-firm ratios in Europe. In 2025 it processed 1,094 applications, approved 1,023 authorisations, held 1,849 supervisory interactions and reviewed 1,400 due-diligence reports across 2,413 authorised entities. Everything below is the MFSA's own data, from its Annual Report 2025.

Regulated sectors

BanksPayment institutionsE-money institutionsCrypto-asset service providersInvestment firmsAsset managersInsurance companiesPension funds

Leadership

  • Jesmond GattChairman
  • Kenneth FarrugiaChief Executive Officer · since 2023

Full board →

Figures as published by Malta Financial Services Authority for FY2025. Source: MFSA Annual Report 2025 (Landing page: https://www.mfsa.mt/annual-report-2025/). Data as of 31 December 2025.

Organisation (FY2025)

ItemValue
Employees
575
90 international staff from 28 countries
Operating expenses
€48.9m
Funded by €25.6m own income (fees & charges) and a €20.8m state subvention
Training
26,245 hours
45.6 hours per employee on average
Pre-graduate programme
45 students

Activity 2025

ItemValue
Authorised entities
2,413
Applications processed
1,094
Authorisations approved
1,023
Supervisory interactions
1,849
Due-diligence reports
1,400
Enforcement actions
91
Total penalties €570,673
Conferences & workshops hosted
9

Notable 2025

ItemValue
Sector weight
Malta's financial sector: €1.3bn in gross value added, 7.3% of national GVA, 6.2% of the workforce

Key legislation

  • Banking Act (Chapter 371)

    Credit institutions

  • Financial Institutions Act

    PIs / EMIs

  • Investment Services Act

    MiFID II

  • MiCA Act (Malta) 2024

    MiCA implementation

Public registers

Application portals

Recent publications

Data as of 31 December 2025 · Source: www.mfsa.mt (authority website) + ComplyBridge researchActivity Index methodology →

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