Navigating SNCU Applications

Date: 9th October 2026 14:15 - 16:15 Mid-Level / Advanced

A practical workshop exploring SNCU eligibility, applications and regulatory expectations for insurance and reinsurance undertakings.

Description

Gain valuable insight into the SNCU regulatory framework and application process in this practical workshop led by MFSA expert Romina Farrugia.
Learn about qualification criteria, proportionality measures, regulatory expectations, and common challenges faced by insurance undertakings seeking to navigate the SNCU framework.

Key Themes

  • Overview of the SNCU application process
  • Qualification criteria for Small and Non-Complex Undertakings (SNCUs).
  • Qualification criteria for Small and Non-Complex Groups (SNCGs).
  • Proportionality measures for undertakings that do not qualify as SNCUs.
  • Regulatory expectations and practical considerations during the application process.
  • Common challenges and considerations for applicants

Learning Objectives

By the end of the workshop, participants will be able to:

  • A clear understanding of SNCU and SNCG qualification criteria.
  • Practical guidance on navigating the application process.
  • Insight into proportionality options available under the regulatory framework.
  • An understanding of regulatory expectations and common application challenges.
  • Practical knowledge to support compliance and regulatory decision-making.

MITC National Insurance Conference 2026

This workshop forms part of the programme for the MITC National Insurance Conference.

To see the full programme proceed to the Conference Website: https://conference.mitcentre.com/

Target audience

  • Insurance executives, directors, compliance and risk professionals, actuaries, finance and regulatory reporting professionals, legal professionals, company secretaries, and individuals responsible for regulatory compliance and prudential supervision within insurance and reinsurance undertakings.

Training Venue

The Xara Lodge

Sqaq taċ-Ċawla,

Rabat

 

Discounts and Cancellation Policy

  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount.
  • No refund will be given in the case of no-shows.

 

Trainers

Romina Farrugia

Deputy Head, Insurance and Pensions Supervision (MFSA)

Romina Farrugia is Chair of the Authorisation Forum and the Deputy Head of the Insurance and Pensions Supervision function within the Malta Financial Services Authority (MFSA).

Romina is an Accountant by profession and joined MFSA in February 2006, gaining significant experience in both the supervision as well as the authorisation of undertakings within the Insurance and Pensions sector.

 

 

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