Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Malta publishes guidelines on re-domiciliation of offshore funds

Friday, January 08, 2010
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
The MFSA has also issued a circular to brief the financial services industry on the developments concerning UCITS IV. The circular provides a brief overview of the principal elements of the Key Investor Information (KII) together with information of CESR's advice on KII… The circular also provides an outline on how the Authority plans to transpose the requirements on the KII. In this regard, the industry is being consulted. Source


BG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac