Opalesque Industry Updates – According to the latest MFSA Newsletter, the Malta Financial Services Authority (MFSA) has published guidelines on redomiciliation of offshore funds to Malta – reported newswire TimesofMalta.com on 31-Dec. These guidelines together with the Companies Act, Continuation of Companies Regulations, 2002 are available for download from the MFSA website (www.mfsa.com.mt) from the securities section/guides to regulation.|
The newsletter says that Malta should remain the jurisdiction of choice as the regime allows funds to have external administrators and custodians, in contrast to other jurisdictions which require the administrators and the custodians to be present in the domicile. This allows the necessary flexibility when redomiciling funds to Malta.
Circular on UCITS issued