News & Events

MFSA publishes Feedback Statement on Proposals for Cross Sub-Fund Investments by PIFs

David Borg-Carbott - May 9, 2013 - Categories: Practice News
In October of last year, the Malta Financial Services Authority (MFSA) published a circular regarding the proposed introduction of a new rule in the MFSA’s Rulebook for Professional Investor Funds (the PIF Rulebook) permitting cross sub-fund investments by Maltese Professional Investor Funds (PIFs) targeting Qualifying Investors (QIFs) or Extraordinary Investors (ExtraIFs). A copy of the original circular can be obtained here to which GANADO Advocates provided its comments. The MFSA has today issued its Feedback Statement setting out its conclusions and the relevant new Rule.

GANADO Advocates attend Consultation on Cross-Border Transfers of Registered Offices of Companies

GANADO Advocates - March 12, 2013 - Categories: Events
GANADO Advocates recently attended a public consultation session in Malta promoted by the European Commission in the EU Member States. The Commission is again examining the feasibility of introducing a Directive on the cross-border transfers of registered offices of companies as a way of further enhancing freedom of movement and establishment within the whole Community and simplifying business relocation within EU territory, invariably an onerous and difficult process. The purpose of the consultation is to procure more in-depth information on the costs currently faced by companies transferring their registered office abroad and on the benefits that could arise as a result.