Sarah Farrugia specialises in regulatory compliance of Fund Managers, Funds, MiFID firms, Depositaries, and CSPs amongst others. In her role, Sarah assists clients with monitoring and evaluating the adequacy and effectiveness of the measures, policies and procedures of the Company through the implementation of an effective risk-based Compliance Monitoring Programme. Sarah also provides advice to the client’s board, senior management and any other persons on compliance with laws, rules, regulations, any conditions arising from the entity’s authorisation conditions as well as updates on any new regulatory developments.
In addition to her role as Compliance Officer, Sarah can provide compliance advisory services, which includes assisting clients with drafting and reviewing various policies and procedures, as required.
Areas of Specialisation
- Investment Services Regulation including:
- Recognised Persons
- Company Service Providers
- Banking and Finance
Sarah has 13 years’ experience in the financial services industry, having begun her career at Bank of Valletta plc as a senior relationship officer, working both in a Branch and in the Wealth Management department. In 2014, Ms Farrugia joined the Malta Financial Services Authority as an Analyst within the Authorisation function, where she was later appointed as Senior Analyst. She then moved to the Investment Services Supervision function at the Authority, where she was appointed as Senior Manager responsible for the Funds Supervision team, responsible for the supervision of funds, fund managers, depositaries and recognised persons. During her tenure at the MFSA Sarah attended the Investment Management Standing Committee at ESMA, where she contributed on various topics including the AIFMD review. In 2022, she took up her current role as Head of Compliance at RMC Wise.
Sarah has also guest lectured at the University of Malta and the MFSA’s Financial Services Academy on various topics including the MFSA’s authorisation process, due diligence, regulatory frameworks such as the AIFMD and UCITS and onsite and offsite supervision.
Sarah graduated from the University of Malta with a second upper class Bachelor of Commerce (Honours) in Banking and Finance in 2009 and has also obtained a Masters in Finance with Distinction from the University of Leicester in 2013.