New Category of CSPs: Are You an RCSP? Here’s What You Need to Know

Janice Galea

Array

12 June, 2025

In line with its continuous efforts to refine the Company Service Providers (“CSP”) framework, the MFSA has introduced a new category: Restricted Company Service Providers (RCSPs).

Who qualifies as an RCSP?
Individuals who act as a director and/or company secretary on an occasional basis, not “by way of business”, that is, they regularly provide these services.

No Registration Needed - But You Must Notify

RCSPs don’t need to obtain authorisation, but they must notify the MFSA. The deadline? 16 July 2025, following a two-month transitional period.

Submit your notification via the MFSA Licence Holder (LH) Portal.

A Guidance Note is also available to walk you through the process.

Fee? €50 notification fee payable to MFSA (One-Time)

Exemptions Apply

You don’t need to notify or get authorised if you’re:

Acting solely by virtue of employment, family ties, or beneficial interest
Already authorised under the Trusts and Trustees Act
A director or secretary in a licensed, listed, or holding company of such

Need help figuring out if you’re an RCSP?
We’re here to assist, from eligibility checks to completing the notification form

Key Contacts

Dr. David Farrugia

Director - Tax & Corporate Advisory

Antonia Zammit

Corporate Services Manager