The MFSA has issued a consultation paper in order to present to the industry a draft legal notice setting out regulations on [i] the high level principles which VFA issuers must adhere to; [ii] the requirements for VFA issuers; [iii] initial VFA offerings and trading on DLT exchanges; and [iv] enforcement and sanctions in the event of misconduct by VFA issuers.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
