New Investment Fund Structure for Malta

The Malta Financial Services Authority (MFSA) has announced the introduction of a new investment fund structure for Malta through a framework which will enable Notified Alternative Investment Funds (Notified AIFs) to be operative within 10 working days*.

This scheme is applicable for funds which are managed by full-scope Alternative Investment Fund Managers(AIFM). The Notified AIFs will undergo a simple notification process and will not be authorised or approved by the MFSA.

The Notified AIFs will not be required to undergo a regulatory application process. Furthermore the Notified AIFs will not be subject to ongoing supervision. The MFSA will maintain a register on its website on the list of Notified AIFs. The scheme is expected to become operative by the middle of this 2016.

(*from the date of submission of notification pack)