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Upcoming events

    • 7 Oct 2024
    • 28 Oct 2024
    • 4 sessions
    • Online Webinar
    Registration is closed
    Registration Time: 13:15
    Sessions Time: 13:30- 16:45  including a 15-minute break
    Venue: 
      Online Webinar

    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €130.00
    Non-MIA Members: €245.00
    Retired Members: €65.00
    Students: €95.00
    Session 1 - European Sustainability Reporting Standards – Environmental
    Speakers: Ms Christine Galea, Mr Carl Zammit La Rosa & Mr Chris Meilak, Mr Arjun Ravi

    BACKGROUND INFORMATION Session 1 (3 HRS)

    This CPE session will focus on those topical standards related to the environment, being climate change, pollution, water and marine resources, biodiversity and ecosystems, and resource use and circular economy.

    Specific topics to be covered during the sessioN

    This session will focus on the disclosure requirements as detailed within:
    • ESRS E1 Climate change
    • ESRS E2 Pollution
    • ESRS E3 Water and marine resources
    • ESRS E4 Biodiversity and ecosystems
    • ESRS E5 Resource use and circular economy
    The session will also provide a brief overview of the ESRS cross-cutting standards. These two standards set out the general requirements and disclosures which apply throughout the sustainability reporting under the ESRS framework.


    Session 2 - European Sustainability Reporting Standards  - Cross-Cutting and Governance 
    Speakers :Ms Sahana Chandrasekhar Ms Elsa Leong, Dr Jeanelle Arpa & Ms Naomi Gauci



    BACKGROUND INFORMATION Session 2 (3 HRS)
    As companies prepare for these new requirements, it is important that they understand the detailed disclosures and the related metrics that must be reported on. This CPE session will focus on the cross-cutting standards, setting out the general requirements and general disclosures to be applied throughout the sustainability reporting under the ESRS framework, together with the topical standard related to governance, being business conduct.

    Specific topics to be covered during the sessioN

    This session will focus on the disclosure requirements as detailed within:
    ESRS 1 General Requirements
    • ESRS 2 General Disclosures
    • ESRS G1 Business Conduct
    Session 3 -  European Sustainability Reporting Standards – Social 
    Speakers: Ms Anita Grech, Ms Naomi Gauci, Clarissa Micallef, Ms Michaela Valletta, Mr Reuben Galea


    BACKGROUND INFORMATION Session 3 (3 HRS)
    This CPE session will focus on those topical standards related to the social sphere, being own workforce, workers in the value chain, affected communities and consumers and end-users.

    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    This session will focus on the disclosure requirements as detailed within:
    • ESRS S1 Own workforce
    • ESRS S2 Workers in the value chain
    • ESRS S3 Affected communities
    • ESRS S4 Consumers and end-users
    The session will also provide a brief overview of the ESRS cross-cutting standards. These two standards set out the general requirements and disclosures which apply throughout the sustainability reporting under the ESRS framework.
    Session 4 -  Sustainability Reporting Standards for SMEs 
    Speakers: Ms Sahana Chandrasekhar and Ms Christine Galea


    BACKGROUND INFORMATION Session 4 (2 HRS)
    In January 2024, following the requirements included in the Corporate Sustainability Reporting Directive, EFRAG published two Exposure Drafts – a European Sustainability Reporting Standard for listed Small and Medium Sized Enterprises (ESRS LSME ED) and a voluntary reporting standard for non-listed SMEs (VSME ED). 

    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    This session will focus on the objective of the Exposure Drafts referred to above (i.e. ESRS LSME ED and VSME ED) and the disclosure requirements detailed therein. The speakers will also provide an update on this project.

    TARGET AUDIENCE

    Members of the accountancy profession and sustainability professionals interested in the reporting obligations emanating from the ESRSs and/or who may be involved in the collection, analysis or reporting of such information.

    Speakers' Profiles

    Christine Galea is a Senior Manager responsible for Finance Department at the GO plc. She joined GO plc in December 1997 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. She is a fellow member of the Malta Institute of Accountants.  In her capacity at GO plc, a public listed company on the local stock exchange, she plays a pivotal role in orchestrating the preparation of GO’s NRFD (Non-Financial Reporting Directive) reporting. This responsibility has sparked her interest in the evolving landscape of ESG reporting.  In addition to her professional responsibilities, she is actively involved in the ESG working group within MIA.  Her contributions include leading a subgroup dedicated to ESG Financial reporting. Her involvement underscores her commitment to fostering transparency and sustainability within her organisation and the wider business community. 
    Sahana Chandrasekharis the CSRD champion in the Accounting Advisory Services team at KPMG. She helps clients in the preparation of their sustainability report in compliance with the ESRS standards. Her role also involves keeping up to date with all sustainability reporting initiatives within the EU and understanding their implications and statutory consequences on local entities. She provides advice on financial and non-financial reporting matters to clients, which includes assisting clients with the preparation of annual reports and guiding them through any new uncharted reporting environments.
    Carl Zammit La Rosa is a Manager at PwC focusing on ESG and supporting clients with their sustainability journey through carbon footprint assessments, sustainability strategies, non-financial reporting and assurance on sustainability information, amongst others. Carl is also leading PwC Malta’s net zero commitment to 2030 and assists on other aspects of management consulting relating to EU funding and policy. Carl is a member of the MIA Sustainable Finance Committee.
    Anita Grech is a Partner at Mazars Malta and is specialised in audits of PIEs and listed entities and has extensive experience working on local and international groups of companies. She previously worked with one of the Big Four firms and has also gained experience working in industry. Anita is part of firm’s technical team and involved in internal training on audit methodology and is also deputy chairperson on the MIA’s sustainable finance committee. Anita is a Certified Public Accountant and Practicing Auditor by profession.
    Chris Meilak is a Certified Public Accountant, Economist and Partner at EY Malta, leading the Valuation, Modeling and Economics sub-service line in Malta. Chris joined EY in 2006 and has carried out a number of assignments in relation to valuations and financial/ business modelling. Chris holds an MA in Economics and the ACCA degree and is a Visiting Lecturer in the Department of Economics, University of Malta.
    Michaela Valletta works within the ESG Assurance Team at Deloitte where she is focusing on advisory and assurance work in relation to the sustainability regulatory landscape as well as the business development of the ESG function within the firm. She has also been invited as a guest lecturer at University of Malta and MCAST with regards to ESG training. Michaela is a member of the MIA Sustainable Reporting Working Group.
    Ediana Guillaumier leads People Advisory Services and EY Connect Learning for EY Malta. She is responsible for advising clients on human resource related matters including, training needs assessments, cultural transformation, performance management, change and talent management. for a number of sectors and industries, including government and parastatal, hospitality, financial services, gaming, retail and healthcare.
    As part of her role, Ediana has coordinated and project managed learning programmes, mobilising teams, resources and content, for the efficient delivery of high-quality courses. In addition, she has organised employee engagement surveys at an entity level and at a national level, including the Work Reimagined Survey 2023, 2022 and 2021, which focused on the employee sentiment across employees in the Maltese Islands.
    Ediana is a Certified Public Accountant, a Member of the Malta Institute of Accountants and a Certified Facilitator/Trainer for EY. Ediana is also a Committee Member on Women Directors in Malta.
    Ravi Arjun has a bachelors degree in mechanical engineering and a masters in business administration. He joined KPMG in 2024 in the Environment, Social & Governance team. Arjun started his career in product development for a top automotive OEM. During his time in the automotive industry, his primary focus was Total Value Management and cost cutting through design efficiency. In addition, he spent considerable time in new product launch, contributing to the launch of two major models during his time at the organization.
    After pursuing his MBA, Arjun worked in the supply chain & operation advisory space where he gained rich experience from working in a variety of industries including the automotive, industrial equipment manufacturing, infrastructure, renewable energy and many more, with focus on implementing sustainability related projects.
    Elsa Leong works within the Assurance team at Deloitte Malta with a focus on the on-going development of the sustainability reporting practice. She actively supports the team in building ESG-related training materials and assists clients in the preparation of their sustainability reporting align with ESRS standards. On top of ESG matters, Elsa has been involved in the mark-up and audit of annual financial reports for companies with the requirements of the European Single Electronic Format (ESEF) Regulatory Technical Standards. Elsa is a member of the MIA Sustainable Finance Reporting Working Group.
    Naomi Gauci is a Manager within the ESG team at PwC. She joined the firm in 2020 after obtaining a Master's in Accountancy and initially worked in the audit department, gaining experience auditing large local entities across various industries. Over the past year, she transitioned to the ESG team, driven by her passion for sustainability, with a particular focus on the social aspect. In her current role, Naomi has supported large local entities in preparing for CSRD reporting, specializing in double materiality assessments.

    EVENT CPE COMPETENCies

    11 Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 14 Oct 2024
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30- 16:45  including a 15-minute break
    Venue: 
      Online Webinar
    Speakers: Ms Sahana Chandrasekhar ,Ms Elsa Leong, Dr Jeanelle Arpa  & Ms Naomi Gauci 
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: 30.00


    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION Session 1 (3 HRS)

    As companies prepare for these new requirements, it is important that they understand the detailed disclosures and the related metrics that must be reported on. This CPE session will focus on the cross-cutting standards, setting out the general requirements and general disclosures to be applied throughout the sustainability reporting under the ESRS framework, together with the topical standard related to governance, being business conduct.

    Specific topics to be covered during the sessioN

    This session will focus on the disclosure requirements as detailed within:
    ESRS 1 General Requirements
    • ESRS 2 General Disclosures
    • ESRS G1 Business Conduct

    TARGET AUDIENCE

    Members of the accountancy profession and sustainability professionals interested in the reporting obligations emanating from the ESRSs and/or who may be involved in the collection, analysis or reporting of such information.

    Speakers' Profiles

    Sahana Chandrasekharis the CSRD champion in the Accounting Advisory Services team at KPMG. She helps clients in the preparation of their sustainability report in compliance with the ESRS standards. Her role also involves keeping up to date with all sustainability reporting initiatives within the EU and understanding their implications and statutory consequences on local entities. She provides advice on financial and non-financial reporting matters to clients, which includes assisting clients with the preparation of annual reports and guiding them through any new uncharted reporting environments.
    Elsa Leong works within the Assurance team at Deloitte Malta with a focus on the on-going development of the sustainability reporting practice. She actively supports the team in building ESG-related training materials and assists clients in the preparation of their sustainability reporting align with ESRS standards. On top of ESG matters, Elsa has been involved in the mark-up and audit of annual financial reports for companies with the requirements of the European Single Electronic Format (ESEF) Regulatory Technical Standards. Elsa is a member of the MIA Sustainable Finance Reporting Working Group.
    Naomi Gauci is a Manager within the ESG team at PwC. She joined the firm in 2020 after obtaining a Master's in Accountancy and initially worked in the audit department, gaining experience auditing large local entities across various industries. Over the past year, she transitioned to the ESG team, driven by her passion for sustainability, with a particular focus on the social aspect. In her current role, Naomi has supported large local entities in preparing for CSRD reporting, specializing in double materiality assessments.

    EVENT CPE COMPETENCies

    3  Core


    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 15 Oct 2024
    • 09:15 - 12:30
    • Online Webinar
    Register
    Registration Time: 09:00
    Sessions Time: 09:15 - 12:30  including a 15-minute break
    Speakers: Mr Chris Meilak & Ms Joette Sciortino
    Venue:   Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40.00
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    synopsis

    This session will delve into the increasingly relevant topic of greenwashing amidst the global push for environmental, social and governance (ESG) initiatives and reporting. The aim of this session is to dissect the concept of greenwashing and exploring its different dimensions. The session will give a clear understanding of its implications, in various sectors including financial services.

    BACKGROUND INFORMATION

    As the global community intensifies its efforts to combat climate change and promote sustainability, businesses are increasingly aligning themselves with ESG principles and ensuring compliance with applicable ESG reporting. However, in the middle of this green revolution, a deceptive trend known as greenwashing has surfaced, creating a significant challenge to the integrity of the sustainability movement. Greenwashing is the practice where companies misrepresent their products, services or overall corporate actions as environmentally/ socially friendly, often to capitalise on the growing demand for sustainable options. This misleading tactic not only distorts public perception but also hinders progress by overshadowing the efforts of truly sustainable enterprises.
    objectives of the session

    The objective of the seminar is to provide an overview of greenwashing, delving into regulatory obligations, implications of greenwashing on businesses as well as case studies.

    Specific topics to be covered during the session
    • ESG/ Sustainability trends
    • Motives for greenwash
    • What is greenwashing
           Definitions
           Tactics
    • Shades of “green”
    • Types of greenwashing risks
    • Greenwashing regulations – requirements and timelines
    • Implications
    • How to support your green claims

    Target Audience

    This seminar is relevant for all professionals, entrepreneurs, students and anyone currently involved and interested in sustainability and transparency in business practices. It is ideal both for newcomers in the sustainability sphere but also for more experienced learners who have are looking to navigate the complexities of ESG reporting and understanding the risks of greenwashing.

    Speakers' Profiles

    Joette Sciortino is a Partner at EY Malta. She joined the firm in 2006 after obtaining a Degree in Accountancy from the University of Malta.  She has significant experience in the financial services industry particularly in supporting and leading various financial crime and regulatory projects. She has been seconded to EY UK whereby she has led various cross-border financial crime engagements. Joette is a Certified Public Accountant and a member of PMLFT sub-committee at the Malta Institute of Accountants and the Institute of Financial Services Practitioners.

    Chris Meilak is a Certified Public Accountant, Economist and Partner at EY Malta, leading the Sustainability sub-service line in Malta. Chris has carried out a number of assignments in relation to sustainability topics, on both public sector and private sector engagements. Chris holds an MA in Economics and the ACCA degree, is GRI certified, and is a Visiting Lecturer in the Department of Economics, University of Malta. Chris is a member of the MIA’s Sustainable Finance sub-committee.

    EVENT CPE COMPETENCies

    3 Core

    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
    • 17 Oct 2024
    • 08:00 - 14:30
    • Villa Arrigo, Naxxar
    Register

    Registration Time: 08:00 - 09:00

    Sessions Time: 09:00 - 13:30

    Networking Lunch: 13:30 - 14:30

    Venue: Villa Arrigo, Naxxar

    Participation Fees:

    Half day conference prices:
    Member: €70
    Non Member: €90
    Retired Member: €50
    Student: €40

    CPE Competencies: 2.25 Core Hours & 1.75 Hours Professional Development

    Agenda:

    08:00 - 09:00  Registrations

    09:00 - 09:10 Welcome Address - MIA President

    09:10 - 09:30MIA & ACCA CEOs Address

    09:30 - 09:45 Who is the Accountant?: Ms. Helen Brand, ACCA,CEO

    09:45 - 10:50 Technology: An opportunity

    10:50 - 11:10 Networking Coffee Break

    11:10 - 12:15 Sustainability: The Leading Role of the Accountancy Profession

    12:15 - 13:20  Evolving Ethical Dilemmas

    13:20 - 13:30 Concluding Remarks

    13:30 - 14:30 Networking Lunch

    • 21 Oct 2024
    • 13:30 - 16:45
    • Online Webinar
    Register
    Registration Time: 13:15
    Sessions Time: 13:30 - 15:30  no break
    Speakers: Ms Anita Grech, Ms Naomi Gauci, Ms Clarissa Micallef, Ms Michaela Valletta, Mr Reuben Galea 
    Venue: Online Webinar
    Participation Fees (The Institute is now accepting payments via Paypal)
    MIA Members: €40
    Non-MIA Members: €75.00
    Retired Members: €20.00
    Students: €30.00

    *Group bookings for 3 or more participants available.

    BACKGROUND INFORMATION
    This CPE session will focus on those topical standards related to the social sphere, being own workforce, workers in the value chain, affected communities and consumers and end-users.

    SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

    This session will focus on the disclosure requirements as detailed within:
    • ESRS S1 Own workforce
    • ESRS S2 Workers in the value chain
    • ESRS S3 Affected communities
    • ESRS S4 Consumers and end-users
    The session will also provide a brief overview of the ESRS cross-cutting standards. These two standards set out the general requirements and disclosures which apply throughout the sustainability reporting under the ESRS framework.

    TARGET AUDIENCE

    Members of the accountancy profession and sustainability professionals interested in the reporting obligations emanating from the ESRSs and/or who may be involved in the collection, analysis or reporting of such information.

      Speakers' Profiles

      Anita Grech is a Partner at Mazars Malta and is specialised in audits of PIEs and listed entities and has extensive experience working on local and international groups of companies. She previously worked with one of the Big Four firms and has also gained experience working in industry. Anita is part of firm’s technical team and involved in internal training on audit methodology and is also deputy chairperson on the MIA’s sustainable finance committee. Anita is a Certified Public Accountant and Practicing Auditor by profession.
      Michaela Valletta works within the ESG Assurance Team at Deloitte where she is focusing on advisory and assurance work in relation to the sustainability regulatory landscape as well as the business development of the ESG function within the firm. She has also been invited as a guest lecturer at University of Malta and MCAST with regards to ESG training. Michaela is a member of the MIA Sustainable Reporting Working Group.

      EVENT CPE COMPETENCies


      3 Hours Core


      WEBINARS TERMS AND CONDITIONS


      Terms and conditions  apply


      DISCLAIMER

      By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
      Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
      • 28 Oct 2024
      • 13:00 - 15:00
      • Online Webinar
      Register
      Registration Time: 12:45
      Sessions Time: 13:00- 15:00  no break
      Venue: 
        Online Webinar
      Speakers :Ms Sahana Chandrasekhar and Ms Christine Galea
      Participation Fees (The Institute is now accepting payments via Paypal)
      MIA Members: €28.00
      Non-MIA Members: €50.00
      Retired Members: €15.00
      Students: 20.00


      *Group bookings for 3 or more participants available.

      BACKGROUND INFORMATION Session 1 

      In January 2024, following the requirements included in the Corporate Sustainability Reporting Directive, EFRAG published two Exposure Drafts – a European Sustainability Reporting Standard for listed Small and Medium Sized Enterprises (ESRS LSME ED) and a voluntary reporting standard for non-listed SMEs (VSME ED). 

      Specific topics to be covered during the sessioN

      This session will focus on the objective of the Exposure Drafts referred to above (i.e. ESRS LSME ED and VSME ED) and the disclosure requirements detailed therein. The speakers will also provide an update on this project.

      TARGET AUDIENCE

      Members of the accountancy profession and sustainability professionals interested in the reporting obligations emanating from the ESRSs and/or who may be involved in the collection, analysis or reporting of such information.

      Speakers' Profiles

      Sahana Chandrasekharis the CSRD champion in the Accounting Advisory Services team at KPMG. She helps clients in the preparation of their sustainability report in compliance with the ESRS standards. Her role also involves keeping up to date with all sustainability reporting initiatives within the EU and understanding their implications and statutory consequences on local entities. She provides advice on financial and non-financial reporting matters to clients, which includes assisting clients with the preparation of annual reports and guiding them through any new uncharted reporting environments.
      Christine Galea is a Senior Manager responsible for Finance Department at the GO plc. She joined GO plc in December 1997 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. She is a fellow member of the Malta Institute of Accountants.  In her capacity at GO plc, a public listed company on the local stock exchange, she plays a pivotal role in orchestrating the preparation of GO’s NRFD (Non-Financial Reporting Directive) reporting. This responsibility has sparked her interest in the evolving landscape of ESG reporting.  In addition to her professional responsibilities, she is actively involved in the ESG working group within MIA.  Her contributions include leading a subgroup dedicated to ESG Financial reporting. Her involvement underscores her commitment to fostering transparency and sustainability within her organisation and the wider business community. 

      EVENT CPE COMPETENCies


      2  Core


      WEBINARS TERMS AND CONDITIONS

      Terms and conditions  apply


      DISCLAIMER

      By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
      Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
      • 7 Nov 2024
      • 13:30 - 16:45
      • Online Webinar
      Register
      Registration Time: 13:15
      Sessions Time: 13:30 - 16:45  including a 15-minute break
      Speaker: Mr Antoine Fenech
      Venue:   Online Webinar
      Participation Fees (The Institute is now accepting payments via Paypal)
      MIA Members: €40.00
      Non-MIA Members: €75.00
      Retired Members: €20.00
      Students: €30.00

      *Group bookings for 3 or more participants available.

      BACKGROUND INFORMATION

      The upcoming session, titled "ESG Data Collection Strategies", will delve into the complexities and opportunities presented by sustainable finance and regulatory compliance. In particular, it will focus on double materiality assessments, a crucial aspect of the evolving landscape of sustainability reporting. This session is designed to provide valuable insights and practical strategies for integrating sustainability into your corporate strategy, ensuring compliance with emerging regulations, and leveraging sustainable practices for competitive advantage.

      SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

      • Introduction to Sustainability Topics: Overview of key sustainability concepts and their relevance in today's business environment.
      • Double Materiality: Understanding the importance of double materiality in sustainability reporting and its implications for businesses.
      • Determining Strategy and Reporting Timeline: Developing a strategy for integrating sustainability into corporate practices and establishing a reporting timeline.
      • Assessing Solutions: Evaluating different sustainability solutions available in the market and how they meet regulatory requirements.
      • Comparison of Market Solutions: An overview and comparison of various sustainability solutions currently available in the market.
      • Return on Investment: Discussing the ROI of implementing sustainability practices and solutions.
      Why is the session of relevance to our members?

      Attending this session offers a unique opportunity to gain a comprehensive understanding of the rapidly evolving field of sustainable finance.

        Target Audience

        • This session is targeted at:
        • CFOs
        • Sustainability Officers
        • Compliance Officers
        • Risk Management Professionals
        • Corporate Strategy executives
        • Financial Analysts
        • ESG Professionals
        • Other stakeholders involved in financial reporting and sustainability initiatives

        Speaker's Profile

        Antoine Fenech is an Audit and Assurance Director at Deloitte currently leading the ‘Accounting and Reporting Advisory’ and the ‘Accounting Operations Advisory’ pillars. He also leads the ESG Assurance team providing advisory and assurance work in relation to EU taxonomy, CSRD, ESRSs, SFDR and ESG strategies. Antoine is a member of the MIA Sustainable Finance - Learning and Education Working Group

        EVeNT CPE COMPETENCies


        3  Core


        WEBINARS TERMS AND CONDITIONS

        Terms and conditions  apply


        DISCLAIMER

        By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
        Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

                     

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