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4 NEWS 8.4.2021 LEADING software products company, Shireburn Software, has achieved anoth- er important milestone with ISO certifi- cation to the 27001:2013 and 9001:2015 standards. ese international certifi- cations have been awarded following a third-party audit of the company's In- formation Security and Quality Manage- ment processes and systems. e ISO 27001:2013 standard address- es Shireburn Software's information se- curity protocols and ensures that they are continuously maintained and im- proved. Perhaps of most importance, this standard includes the assessment and treatment of information security risks and data processing. e certifi- cation also highlights Shireburn Soft- ware's commitment to train its team continuously - whether it is updating the whole team on the latest threats or specialised training for the IT security team. Customers using Shireburn's products and services are assured that interac- tions with the company will be undertak- en to the very rigorous high-standards that these standards set including those related to confidentiality and integrity of their data. e independent audits of Shireburn were undertaken simultaneously across both ISO standards as well as across all the scope of the operations of both Shireburn Software Ltd and Shireburn Co Ltd. "I am very proud of this important achievement of our team. While adher- ence to the ISO 9001 standard is fairly widespread, this is less the case with the onerous and very high-standards set by ISO 27001 related to Information Security which has become a central requirement of businesses. Adherence to both standards provides a level of quality assurance, in a broad sense, to our customers, prospects and also our suppliers which sets our offering apart from others" said CEO, John de Giorgio. e ISO 9001:2015 standard specified requirements for Shireburn Software's Quality Management System. As part of this certification process, Shireburn has formulated a structured and controlled supplier management review to ensure that their products continue to meet customer expectations as well as any statutory and regulatory requirements. Shireburn Software has always striven to ensure that its products and services live up to the high standards synony- mous with the Shireburn name. ese ISO certifications further high- light Shireburn's continued efforts to offer top quality, secure software and services. Shireburn Software obtains top security and quality management certifications THE Malta Financial Services Authori- ty yesterday issued the fourth volume of the publication 'e Nature and Art of Financial Supervision'. e document provides an overview of the Authority's approach to the su- pervision of Fund Managers, Collec- tive Investment Schemes, Recognised Persons and Custodians of Collective Investment Schemes. It highlights the main observations made by the MFSA through the supervisory engagements conducted in 2020, sets out the Au- thority's findings, and identifies the best practices which are expected of licence holders. It then highlights the Authori- ty's supervisory focus for 2021 and the regulatory developments which may be expected over the coming year. MFSA's Chief Officer Supervision and CEO ad interim, Dr Christopher P. Buttigieg, commented that "the MFSA applies the highest level of scrutiny in its supervisory work and processes. is publication highlights the MFSA's supervisory work in the fund manage- ment sector and sets out our expecta- tions. As highlighted in the document, it is important to note that the super- visory team has incorporated an AML/ CFT aspect into all its onsite inspec- tions. is will lead to the Authority identifying and addressing any existing vulnerabilities in this respect." Doreen Balzan, Head of the Author- ity's Securities and Markets Supervi- sion function added that "the Author- ity plans to continue building on the work carried out over the past year to ensure the integrity of the markets, the financial soundness of operators and, of course, the protection of consumers of financial services." e publication is part of the MFSA's commitment to ensure that the finan- cial services system remains stable and resilient in order to fulfil its role as a main economic contributor and as a conduit for other equally important sectors of society. e Authority also expects licence holders to take note of the contents of this publication and conduct a self-assessment exercise with respect to the recommendations being made. Subsequently, licence holders should address any weaknesses identi- fied, as applicable. e document is publicly available on the MFSA website. MFSA outlines expectations in fund management sector

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