# Regulatory environment

ABFX Ltd is licensed by the Malta Financial Services Authority (MFSA). The MFSA was established by law on 23 July 2011 and is a fully autonomous public institution and annually reports to the Maltese Parliament.

The MFSA is the single regulator for financial services in Malta. The sector incorporates all financial activity including banking, investment, insurance and funds. The MFSA also manages the Registry of Companies and responsibility as the Listing Authority.

As a member of the European community since 1st May 2004, the MFSA, as the Maltese financial services regulator, operates identical standards as other European regulators, such as the FCA (UK), AML (France), BaFIN (Germany), CONSOB (Italy), and is a member of the European Securities and Markets Agency (ESMA) and European Banking Authority (EBA).