Malta has established a wide-ranging regulatory framework for the registration and promotion of all types of funds and investment vehicles. Malta has incorporated the Undertaking for Collective Investments in Transferable Securities (UCITS) into the collective investment scheme regulations, which allows an investment vehicle to be registered as a UCITS.
Presently, Malta is transposing the recent UCITS V Directive within its legislation. As a result of Malta’s accession to the EU, industry players can take advantage of the passporting provisions of the UCITS Directive and promote their UCITS funds in Malta. Furthermore, foreign non-UCITS funds may continue to be promoted in Malta in terms of the current regulatory framework.
Malta has attracted various fund administration companies and also fund managers within its shores, and the latter are servicing the ever increasing collective investment schemes being set up in Malta. Professional Investor Funds, with their attractive “light” regulatory approach and very generous tax regime have become a very popular investment vehicle being set up in Malta and regulated by the Malta Financial Services Authority (“MFSA”).
Maltese Professional Investor Funds (PIFs) have become a very attractive proposition for the non-retail market for collective investment schemes. Griffiths + Associates understands the regulatory and fiscal implications of such set ups, and provides a total solution which includes the license application with MFSA, drafting of the Offering Document, and appropriate structuring of funds and sub-funds within the requirements of the particular client.
Details on Regulated Financial Services, Funds and Investments.