The Malta Financial Services Authority and the SeychellesFinancial Services Authority have signed a Memorandum of Understanding toformalise regulatory cooperation. SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).The MoU aims to support information sharing and the exchangeof best practices in financial market development, regulatory frameworks, andbusiness structures, including in the area of retail CFD and forex trading.MFSA, Seychelles FSA Sign Cooperation MoUThe MoU also seeks to “promote the fitness and properness oflicensed or registered persons,” encourage “high standards of fair dealing andintegrity,” and strengthen enforcement within both jurisdictions. The FSA is responsible for licensing, regulating, andsupervising non-bank financial services in Seychelles. The jurisdiction iswidely used by retail CFD and forex brokers serving international clients.Compared with European regimes, Seychelles has historically offered lowercapital requirements, faster licensing processes, and fewer productrestrictions, including higher leverage limits.Seychelles Updates Rules, Licenses CFD BrokersRecent changes by the Seychelles regulator include strictercapital thresholds and enhanced compliance measures. These updates reflect amove toward closer alignment with international standards.Within the current regulatory framework, Cyprus-basedWeTrade Capital has been granted a Securities Dealer Licence by the FSA.Other CFD brokers licensedby the authority include ICM.com, Trade Nation, Moneta Markets, and ZenFinex.Malta Regulator Reviews Firms’ Market AbuseSeparately, the MFSA has continued its supervisory andenforcement activity in Malta. A recent FinancialMagnatesreport noted that the MFSApublished findings from inspections covering 2020–2024 of firms licensed under Malta’s Investment ServicesAct, including CFD brokers. The review found gaps in how some firms monitor and reportsuspicious trading activity and flagged weaknesses in systems, controls, andstaff training related to the EU’sMarket Abuse Regulation. The MFSA said firms should update procedures andtraining to close identified gaps and improve compliance.This article was written by Tareq Sikder at www.financemagnates.com.