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ARTICLE · 20 MARCH 2021

Malta's Asset Management And Servicing Sector

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The Malta Financial Services Authority (the "MFSA") has recently issued eight main areas in Malta's asset management and servicing industry that may be impacted by Brexit and highlighted...

European UnionFinance and Banking
Steve Muscat Azzopardi
Steve Muscat Azzopardi

The Malta Financial Services Authority (the "MFSA") has recently issued eight main areas in Malta's asset management and servicing industry that may be impacted by Brexit and highlighted its position should a no-deal Brexit occur.  According to the MFSA, the financial industry, whether in the European Union or in the United Kingdom, is one of the main industries set to be affected by Brexit.

UK Brokerage Firms Assisting Maltese Individuals 

Brokerage activities are regulated by the Alternative Investment Fund Managers Directive ("AIFMD"), the Markets in Financial Instruments Directive II ("MiFID II") and the European Market Infrastructure Regulation ("EMIR"). If a no-deal Brexit were to occur, UK entities would eventually lose their passporting rights. However, this depends on whether the UK will be considered as an EU/EEA jurisdiction.  

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