The MFSA Education Consultative Council

Terms of Reference

The principal objective of the Council is to act as a forum for debate, co-ordination and information sharing on matters relating to training and development for current and prospective employees within the Financial Services Sector. The MFSA will endeavour to seek the Council’s opinion and input on matters related to training and development within the Financial Services Sector. The Council will also debate policies and procedures which members themselves would like to see introduced or modified. The Council will also review relevant local and international developments related to training and development and will co-ordinate initiatives towards filling any skills gaps that may be identified within the Financial Services Industry from time to time. In order to avoid duplication and unnecessary wastage of resources, training bodies represented on the Council are expected to focus on their respective competences when organising programmes falling within the scope of their membership on the Council.


Proceedings/ Meetings

The Council shall meet as frequently as members may deem necessary, but should meet at least once quarterly. The Agenda for meetings shall be drawn up by the Secretary, and shall reflect items detailed by the MFSA and those requested by members. Details of such items and any supporting documentation should be forwarded to the Secretary at least ten days before the meeting so that the Agenda could be issued a week before. Any item not included in the Agenda may be raised under “Other Matters”. The Secretary will keep the minutes at meetings. These will be approved at each successive meeting, and signed by the Secretary and Chairman. A copy of the approved minutes shall be distributed to all members. Each member should circulate copies of the approved minutes to the management of institutions/organisations that they represent. This will ensure that all members remain au courant.

Amendments to Terms of Reference

 The Council can amend the Terms of Reference at any meeting, provided that proposals are circulated by the Secretary beforehand. Members should seek consensus in any decision the Council may take, failing which approval will be passed by a simple majority, but including the Chairperson’s vote.

Click here for the 2010 Annual Report

Click here for the 2011 Annual Report

Click here for the 2012 Annual Report

Click here for the 2013 Annual Report

Click here for the 2014 Annual Report

Click here for the 2015 Annual Report

Click here for the 2016 Annual Report

Click here for the 2017 Annual Report

Click here for the 2018 Annual Report

Click here for Education Consultative Council presentation

ECC Business Plan 2015-2017

Bridging The Gap 2015 - A Report On Skill Gaps In The Financial Services Industry