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.

Outcome of Thematic Review Carried Out by MFSA in Respect of Trustees and Other Fiduciaries

Authors: Anthony Cremona
Published on February 4, 2016
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Practices: Trusts & Foundations
In the course of 2015, the Conduct Supervisory Unit (“CSU”) within the MFSA carried out a desk-based compliance review of roughly 50% of the authorised trustees and fiduciaries. They did this by issuing a detailed Thematic Review Questionnaire (“TRQ”) that focused mainly on corporate governance issues, with a focus on the Board of Directors and its relationship with shareholders and management.

UCITS V – ESMA Issues Q&As on Updating Fund Documentation

Authors: Mark Caruana Scicluna
Published on February 3, 2016
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Practices: Investment Funds, Investment Services Regulation
On 1 February 2016, the European Securities and Markets Authority (ESMA) released its questions and answers (Q&As) on the new UCITS V Directive. To the delight of stakeholders, ESMA has given UCITS and UCITS Management Companies considerable breathing space to update fund documentation ahead of UCITS V.