Precy Dumlao, Opalesque Asia:
The Malta Financial Services Authority announced on 28th June the publication of its new Investment Services Rulebooks and application process for the European Union’s Alternative Investment Fund Managers Directive (AIFMD).
According to international law firm Dechert’s latest "On Point" report, the MFSA will now accept applications for licences for managers who wish to be authorised as Alternative Investment Fund Managers.
Under the new rule, Malta will issue licences to:
- Investment managers performing investment management services under the AIFMD, under its new Investment Services Rules for Investment Services Providers.
Collective investment schemes targeting professional investors under the AIFMD, under its new Investment Services Rules for Professional Investor Funds.
Dechert reported, "In addition, the MFSA will continue to issue licences for the establishment of Maltese Professional Investor Funds (PIFs). These authorisations are targeted at, inter alia, funds managed by 'sub-threshold’ AIFMs which are not required to be licensed under the Directive, f......................
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