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ARTICLE · 03 DECEMBER 2020

MFSA Publishes Revised Loan Funds Rules Framework

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On 10 November 2020 the Malta Financial Services Authority (the "MFSA") published a revised version of the Standard Licence Conditions applicable to Collective Investment Schemes...

MaltaFinance and Banking
Andrew Caruana Scicluna
Andrew Caruana Scicluna
Giuseppe Gigante
Giuseppe Gigante
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On 10 November 2020 the Malta Financial Services Authority (the “MFSA”) published a revised version of the Standard Licence Conditions applicable to Collective Investment Schemes authorised to invest through loans (the “Loan Fund Rules”).

As part of the framework's restructuring, the MFSA carried out an assessment of the Loan Fund Rules in view of new market developments, the current economic scenario and the direction being taken at EU level with regards to loan origination by funds. The MFSA, inter alia, took note of the focus being placed on the area of non-bank financing by the European Commission, within the wider context of the Capital Markets Union, which, in particular, is aiming to make it easier for small and medium sized enterprises (SMEs)  to be able to tap into alternative sources of funding and consequently, reduce their over-reliance on bank financing, in order to ensure that SMEs have access to adequate financing and can further diversify

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