The MFSA wishes to bring to the attention of all licence holders the recent coming into effect of Council Regulation (EU) No 101/2011, published on 5 February 2011. This Council Regulation imposes restrictive measures directed against certain persons, entities and bodies relating to the situation in Tunisia. It has immediate effect in Maltese law and requires no implementation measures.

The Regulation is also available can be also be viewed on the MFSA website under EU & International Affairs/International Affairs/International Sanctions.

The MFSA reminds its licence-holders to exercise vigilance and verify their records on an on-going basis to ensure that any financial transactions carried out do not in any way support activities or entities which are subject to sanctions or other restrictive measures. Licence-holders are also required to inform the relevant authorities of any action taken, should they identify any transactions or information held by them which is known or suspected to be connected or related in any manner whatsoever with any of the relevant activities or individuals/entities listed in the measures.

MFSA Ref: 8-2011