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ARTICLE · 08 OCTOBER 2020

Collective Investment Scheme Setup In Malta

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By definition, the scope of Collective Investment Schemes is to pool money from a number of investors, to be invested by a fund manager.

MaltaFinance and Banking
Cherise Abela Grech
Cherise Abela Grech

By definition, the scope of Collective Investment Schemes (CISs) is to pool money from a number of investors, to be invested by a fund manager. The fund is divided into units, and these are acquired by investors, to take a stake in the fund, and become unitholders.

CISs are defined under the Maltese Investment Services Act [Chapter 370 of the Laws of Malta], as having the following characteristics:

the scheme or arrangement operates according to the principle of risk spreading; and either

  1. the contributions of the participants and the profits or income out of which payments are to be made to them are pooled; or
  2. at the request of the holders, units are or are to be re-purchased or redeemed out of the assets of the scheme or arrangement, continuously or in blocks at short intervals; or

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