GANADO’s Investment Service & Funds Team has assisted the majority of fund custodians authorised in Malta to obtain their Category 4 licence (Custodian for Collective Investment Schemes) in terms of the Investment Services Act (Cap. 370, Laws of Malta) and drafted their operational manuals and template documentation. The team also has extensive experience in advising on global custody and settlement related issues as well as drafting and negotiating custody and sub-custody agreements on both sides of the negotiation table.
GANADO was also heavily involved in the drafting of the Investment Services Act (Control of Assets) Regulations which is the cornerstone piece of legislation under Maltese law regarding custody of assets, custodian’s liability and the statutory segregation of assets under custody. GANADO also regularly issues so called US Rule 17-f5 sub-custody opinions on Maltese law and the protection afforded to custody assets held with Maltese sub-custodians.