These regulations provide eligible insurance entities to apply an alternative accounting framework to the International Financial Reporting Standards adopted at EU level.
MFSA have issued a circular in this regard – https://www.mfsa.mt/publication/circular-on-the-newly-published-accountancy-profession-general-accounting-principles-in-respect-of-certain-eligible-entities-regulations-2023-legal-notice-299-of-2023-gapee/
