The Malta Financial Services Authority (MFSA) has launched a new
investment framework – the Notified Alternative Investment
Funds framework - in tandem with Luxembourg's Reserved
Alternative Investment Fund (RAIF), which was described by analysts
as being "pioneering and revolutionary".
The new approach will reserve several benefits, prominent among
which the fact that new funds will be able to come onto the market
faster without the need to be scrutinised by the regulator.
The Maltese NAIF
The Maltese NAIF will also benefit from passporting to other
member states. The NAIF will only be made available to qualified or
professional investors and any structures authorised by the Maltese
law can be used as a NAIF. The Notified AIF is not authorised or in
any way approved by the MFSA nor will it be subject to ongoing
supervision. The authority shall also be making available and
maintaining an updated list of Notified AIFs in good standing on
its website.
