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Alternative Market Briefing

Malta widens sphere, implements changes in Notified AIF regime

Friday, December 01, 2017

Komfie Manalo, Opalesque Asia:

Malta's financial market regulator, the Malta Financial Services Authority (MFSA), has widened up the sphere of the underlying investments of the alternative investment funds (AIF) covered under the Notified AIF regime, said Isabelle Agius from the MFSA's Regulatory Development Unit.

Based on the feedback MFSA received from industry players, Aguis said the regulator would also be implementing changes in relation to the founding shareholders. The feedback statement will be issued jointly together with the revised rules, she said.

Agius said in the latest Opalesque 2017 Malta Roundtable, "A year ago, we launched the Notified AIF regime, and the Authority took a commitment to review this regime one year down the line. Towards the end of August, a consultation document was issued proposing several changes to the NAIF regime and particularly in relation to the investments possible and falling within the scope of these funds."

She explained that the reason underpinning such changes and MFSA's promptness to respond to the needs of the industry comes mainly from the fact that the Authority has seen a steady growth in the registration of these funds.

"And so, it was worthwhile for us to listen to what the industry is saying and to improve the regime given that there was scope for improvement," she ad......................

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