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New CSP regime too costly – survey

A survey conducted by Diligex, which studied possible reactions to the new Corporate Services Provider (CSP) regime, found that a material number of warranted professionals and smaller registered CSPs were thinking of exiting the business because they would find it difficult to meet the new regulatory requirements.
Diligex conducted a survey of 64 CSPs in Malta as part of a campaign to raise awareness of the reforms. This number represents nearly 11 per cent of the known CSP universe, according to Malta’s 2019 Moneyval report.
The survey established that many CSPs were concerned by the higher costs associated with complying with the revised regulatory regime. The concerns were particularly expressed by warranted professionals and smaller registered CSPs. A top concern was the cost and availability of Professional Indemnity Insurance (PII), now mandatory for Class B and Class C holders. ....

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CSP Ongoing Obligations: No 'one Size Fits All' - Corporate/Commercial Law

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The reform to the Company Service Provider (CSP) regime
introduced on 16 March 2021 by the Company Service Providers
(Amendment) Act, 2020 brought with it a revamped CSP Rulebook
(Rulebook). As previously exempt CSPs continue to work towards
applying for their licences by the impending 16 May 2021 deadline,
they are also looking at what their obligations will be should they
be granted authorisation by the Malta Financial Services Authority
(MFSA). The same is being done by CSPs who were already registered
with the MFSA before the reform took place and who must ensure full ....

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Professional Indemnity Insurance Market 2021 Present Scenario on Growth Analysis and High Demand to 2030 – KSU

Professional Indemnity Insurance Market 2021 Present Scenario on Growth Analysis and High Demand to 2030
2
Big Market Research has recently added a new report to its vast depository titled
Global Professional Indemnity Insurance Market. The report studies vital factors about the Professional Indemnity Insurance Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, advancements, key market players, regional segmentation, and many more crucial aspects related to the Professional Indemnity Insurance Market.
The Professional Indemnity Insurance Market Report a definite study of various parts of the Worldwide Market. It shows the consistent development in Professional Indemnity Insurance Market regardless of the variances and changing business sector trends. The Professional Indemnity Insurance Market report ....

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PSA Member Professional Indemnity Insurance

Pharmaceutical Society of Australia
As Australia’s peak body championing pharmacists, PSA wants to ensure that its members are supported into the future as their careers evolve. PSA Member Professional Indemnity Insurance provides members with more choice via our low cost and competitive insurance option, designed for pharmacists across diverse practice settings.
We’ve actively listened to member feedback and recognise the significant expense associated with necessities that members require to practice, coupled with stagnant wage growth in the profession. We strive to address those concerns and reduce the barriers to pharmacists practicing to full scope.
PSA Member Professional Indemnity Insurance supports medicine safety and helps to protect the community. The PSA Member Insurance program helps to fund activities that educate pharmacists on managing risk and reducing medicine error, like training, CPD activities, reports and representation to government. PSA write ....

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