GANADO Advocates is partnering with Dolfin and BOV Fund Services to organise a Breakfast Briefing in London, on the 21st
Following recent developments, the Malta Financial Services Authority (MFSA) has introduced new application packs for PIFs, AIFs and UCITS. The objective
On 16 December 2013, the Government of Malta announced the signature of the FATCA Inter-governmental Agreement (IGA) between Malta and the United States. As announced back in July 2013, the IGA negotiated and agreed by Malta follows the Model 1 IGA (reciprocal version).
Malta was named as the most favoured domicile for hedge funds in the recent Hedge Funds Review’s Service Provider Rankings released earlier this month.
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.
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.
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.
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.
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”).