On the 12^th November 2015, the Malta Financial Services Authority (MFSA) issued a Circular addressed to the Category 3 Investment Services Licence Holders in connection with the leverage ratio disclosure requirements incumbent upon them pursuant to the Capital Requirements Regulation (CRR).

In terms of 451(1) of the Capital Requirements Regulation holders of Category 3 Investment Services Licences are required to publically disclose information on their leverage ratio and management of the risk of excessive leverage in their annual financial statements. Leverage ratios are to be calculated in accordance with the provisions of Article 429, CRR, as duly amended.

The aforementioned disclosure requirements are to be published at least on an annual basis in conjunction with the date of publication of the financial statements, in accordance with Article 433, CRR.