Investment Funds

Brexit considerations for UK licenced Investment Funds, Asset Managers and Investment Firms passporting into Malta

Authors: Neil Bezzina
Published on July 16, 2019
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Practices: Investment Funds, Investment Services Regulation, Asset Management
Important dates to keep in mind
  1. Maltese collective investment schemes are to amend offering documentation and relevant agreements with UK service providers, to reflect any changes resulting from Brexit, by not later than 31 July 2019;
  2. Malta Temporary Permission Regime (“TPR”) to remain in force till 31 March 2020;
  3. TPR will only apply to clients/contracts on-boarded/entered into prior to 31 September 2019;
  4. As of 1 April 2020, UK licenced investment funds, asset managers and investment firms will be subject to laws relating to third country investment funds, asset managers and investment firms; and
  5. TPR will not cover new investors/clients on-boarded after 31 September 2019.

Four months left to AIFMD: it is time to get off the fence

Authors: David Borg-Carbott
Published on April 17, 2013
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Practices: Asset Management, Investment Funds, Investment Services Regulation
With just four months until the European Union’s (EU) controversial Alternative Investment Fund Managers Directive (AIFMD) comes into effect, Dr David Borg-Carbott from GANADO Advocates explains that it is decision time for non-EU fund managers and sums up the options available.

This article was published in the Euromoney Global Investment Funds Review 2013.

Investment funds in Malta: regulatory overview

Authors: André Zerafa, Stephanie Farrugia, James Debono
Published on December 19, 2016
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Practices: Asset Management, Investment Funds, Investment Services Regulation
This Q&A provides a high level overview of investment funds in Malta, looking at both retail funds and hedge funds. Areas covered include a market overview, legislation and regulation, marketing, managers and operators, restrictions and requirements, tax and upcoming reform.

Malta: Offering flexibility right down to the cellular level

Authors: David Borg-Carbott
Published on October 2, 2012
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Practices: Asset Management, Fund Custody, Investment Funds, Investment Services Regulation
Malta is often described by financial services operators who have chosen to set-up shop here as a flexible and business friendly jurisdiction. Over the years, Malta has sought to provide established operators and start-ups alike a legislative and regulatory environment that, whilst in conformity with European Union legislation, is in tune with such operators’ commercial needs.

MFSA Launches New Framework for Alternative Investor Funds

Authors: Mario Zerafa
Published on April 4, 2016
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On the 11th February 2016, the Malta Financial Services Authority (the “MFSA”) announced the launch of a new framework to be referred to as the Notified Alternative Investment Funds regime (the “Notified AIFs”). This new regime is expected to solve time to market issues being faced by a number of AIFMs wishing to launch AIFs and market them to investors in a tight time frame to meet market opportunities.

The AIFMD and Fund Distribution in the EU

Authors: André Zerafa
Published on August 17, 2017
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Practices: Investment Funds, Investment Services Regulation
The Alternative Investment Fund Managers Directive (AIFMD) was introduced in 2013. The aim of the Directive is to regulate the provision of fund management services by fund managers to alternative investment funds. As such, it also introduces rules on the marketing of AIFs in the European Union. Malta, being a member of the EU, has fully transposed and implemented the AIFMD which has formed part of Maltese law for over three years.