Keeping Tabs on Market Perception and Knowledge about Investments

by Bank of Valletta
23rd November 2023
by Ganado Advocates
18th January 2023
Following the success with the Notified AIF regime, the Malta Financial Services Authority (“MFSA”) launched a proposed framework for Notified Professional Investor Funds (“Notified PIFs”) in Malta. Interested parties have until 31 January 2023 to submit comments on the main features of the proposed Notified PIF regime and the dedicated ‘Rules for Notified PIFs and related Due Diligence Service Providers’.
Notified PIFs will be subject to a notification process and will not be licensed by the MFSA. Promoters may therefore benefit from lower setup and other operational/regulatory costs, which fully licensed funds currently experience. Furthermore, the Notified PIF regime acknowledges time-to-market pressures experienced within the fund industry since the MFSA will include a Notified PIF in the List of Notified PIFs within 10 working days from the filing of a complete notification request.
Notified PIFs, as non-retail collective investment schemes, will be available to institutional/high net worth investors. The new product will be particularly attractive to UK, US and Swiss investment managers since Notified PIFs may be managed by:
While lending activities are excluded, Notified PIFs will be allowed to engage in any investment strategy. Another core feature of the proposed framework is that the due diligence exercise will not be undertaken by the MFSA, but rather to competent service providers such as fund administrators recognised by the MFSA, full-scope AIFMs and certain CSPs authorised under the Company Service Providers Act in Malta.
The new Notified PIF regime has been welcomed by various stakeholders and should be rolled out in Malta in the coming months.
by Bank of Valletta
23rd November 2023
by Bank of Valletta
6th September 2023
by Ganado Advocates
16th August 2023
by CSB Group
11th August 2023
by Zeta
26th July 2023
by Ganado Advocates
13th June 2023
by Bank of Valletta
7th May 2023
by Infocredit Group Limited
3rd May 2023
by FinanceMalta
14th February 2023
by Ganado Advocates
13th January 2023
by Ganado Advocates
4th January 2023
by Bank of Valletta
25th November 2022
by Bank of Valletta
21st November 2022
by FinanceMalta
28th October 2022
by Ganado Advocates
14th October 2022
by Ganado Advocates
12th October 2022
by Bank of Valletta
16th September 2022
by Griffiths + Associates Ltd
3rd August 2022
by The Malta Institute of Accountants
13th May 2022
by Griffiths + Associates Ltd
9th May 2022
by Ganado Advocates
21st February 2022
by Ganado Advocates
20th January 2022
by Ganado Advocates
20th January 2022
by FinanceMalta
20th December 2021
by FinanceMalta
22nd September 2021
by Bank of Valletta
28th June 2021
by Bank of Valletta
1st June 2021
by Bank of Valletta
25th May 2021
by Bank of Valletta
18th May 2021
by Bank of Valletta
17th May 2021
by Bank of Valletta
21st December 2020
by Bank of Valletta
30th November 2020
by Bank of Valletta
29th September 2020
by Infocredit Group Limited
23rd September 2020