The Malta Financial Services Authority (“MFSA”) decided to suspend the authorisation of Nexia BT to act as an approved auditor in terms of the Insurance Business (Approved Auditor) Regulations (Legal Notice 105 of 2000, as amended) (‘the Regulations’).
Suite 2, Capital Business Centre
Entrance C, Triq Ta’ Zwejt
Business Activity: Approved Auditors – Authorised to audit accounts of insurance intermediaries.
By virtue of the powers given to the MFSA under Article 6(1)(d) of the Regulations, the Authority has decided, on 13 October 2020 to suspend the authorisation of Nexia BT to act as approved auditors authorised to audit accounts of insurance intermediaries in view of the temporary suspension of the registration of Nexia BT by the Accountancy Board.
It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law.
This notice is being published as part of the MFSA’s standard enforcement policy and in terms of Article 16(8) of the Malta Financial Services Authority Act.