Subject persons are required to submit their 2021 Risk Evaluation Questionnaires (REQs), through the Compliance and Supervision Platform for Assessing Risk (CASPAR) System, as from the 1st of March in line with the following deadlines:
| Virtual Financial Assets Agents, Real Estate Agents, Notaries, Gaming Operators | 14 April 2021 |
| Trustees and Fiduciaries, Company Service Providers, Accountants and Auditors, Advocates, Tax Advisors | 21 April 2021 |
| Credit Institutions, Financial Institutions, Investment Service and Securities Markets, Insurance and Pensions | 28 April 2021 |
Subject persons may access a copy of the revised 2021 REQs per sector to start collecting and collating the necessary information. Additionally, the FIAU will publish sector specific guidance documents.
‘Subject Person Profile’ Module
Separately from the REQ, this year subject persons are also required to submit information within the ‘Subject Person Profile,’ a new module on CASPAR. This information includes information on the subject person’s ownership and its structure; information on the group that the subject person makes part of; details of shareholders, beneficial owners and directors; information on the turnover, net asset values, and target markets; and details of the subject person’s external auditor. Subject persons are also required to submit a copy of its business risk assessment and ensure that this profile is kept up-to-date.
For assistance with your submissions, kindly contact: charles.cassar@shoulder.mt
