News

Malta publishes final AIFMD implementing measures: Malta is open for AIFMD business

David Borg-Carbott - June 25, 2013 - Categories: Practice News
On 25 June, 2013 the Malta Financial Services Authority (MFSA) issued the final implementing measures for Malta's transposition of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD). Today's publication of the final implementing measures means that not only is Malta one of the first jurisdictions to publish its final set of AIFMD implementing measures but also that applications from start-up alternative investment fund managers are now being accepted.

MFSA consults on amendments to PIF Rulebook

David Borg-Carbott - May 28, 2013 - Categories: Practice News
On 24 May, 2013 the Malta Financial Services Authority (MFSA) issued a consultation note regarding proposed amendments to the Professional Investor Fund Rules (the PIF Rulebook). The consultation period runs until 6 June, 2013. Malta's professional investor fund regime will continue post-AIFMD for de minimis AIFMs or self-managed AIFs and Non-EU AIFMs.

AIFM Self-Assessment Questionnaires issued – deadlines set

David Borg-Carbott - May 10, 2013 - Categories: Practice News
The Malta Financial Services Authority (MFSA) has today issued two Self-Assessment Questionnaires for already authorised Maltese Fund Managers and Self-Managed Funds (other than UCITS Schemes) in order to assist them in the transition to the new AIFMD regime by 22 July, 2014. In this regard, the MFSA indicates that a completed Self-Assessment Questionnaire should be submitted before 31 March, 2014 in order to meet the deadline for compliance.

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.

MFSA issues new rules on Money Market Funds

David Borg-Carbott - March 11, 2013 - Categories: Practice News
On 7th March, 2013 the MFSA published revisions to Appendix 1 to the Investment Services Rules for Professional Investor Funds (the “PIF Rules”) and Appendix 7 to the Investment Services Rules for Retail Collective Investment Schemes to enshrine the provisions of CESR’s Guidelines on a Common Definition of European Money Market Funds (CESR/10-049) (the “CESR Guidelines”).