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ARTICLE · 10 DECEMBER 2014

MFSA Publishes Guide To The Establishment Of Custody Operations In Malta

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The Malta Financial Services Authority ("MFSA") has published a brochure "A Guide to the Establishment of Custody Operations (Depositaries) in Malta", explaining the licensing requirements for custodians (depositaries) established in Malta.

MaltaFinance and Banking
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The Malta Financial Services Authority ("MFSA") has published a brochure "A Guide to the Establishment of Custody Operations (Depositaries) in Malta", explaining the licensing requirements for custodians (depositaries) established in Malta.

Custodians of collective investment schemes require a Category 4 Investment Services Licence issued by the MFSA under the Investment Services Act (Chapter 370 of the Laws of Malta): Category 4a for custodians servicing any type of collective investment scheme, and Category 4b where the custodian only acts as depositary of Alternative Investment Funds ("AIF") under the conditions set out in Article 21(3) last paragraph of the AIFMD (Directive 2011/61/EU) or which are subject to the "depositary lite" regime under Article 36 of the AIFMD.

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