In keeping with the principles of good governance, in October 2020 the Malta Financial Services Authority’s Board of Governors had commissioned a review to carry out necessary verifications with regard to possible breach of ethics by former CEO Joseph Cuschieri and General Counsel Dr Edwina Licari.

A month later the MFSA communicated to the public the conclusions of the Board of Review’s report through a Public Statement.

On 1 March 2023, the MFSA received a decision notice from the Information and Data Protection Commissioner (IDPC) in relation to a Freedom Of Information (FOI) request submitted to the Authority which asked for a copy of the Board of Review’s report.

The MFSA’s Board of Governors discussed the IDPC’s decision and resolved to publish the report without exercising any right of appeal.

A copy of the report is being made available on the Authority’s website. The report’s redacted version is in line with the IDPC Decision Notice FOI 02/2021.