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ARTICLE · 29 DECEMBER 2022

Notified Pifs: MFSA Publishes Consultation Document

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The Malta Financial Services Authority (‘MFSA') has published a set of draft Investment Services Rules and draft amendments to existing rulebooks for the proposed framework...

MaltaFinance and Banking
Johan Farrugia
Johan Farrugia
Alejandro Borg
Alejandro Borg

The Malta Financial Services Authority ('MFSA') has published a set of draft Investment Services Rules and draft amendments to existing rulebooks for the proposed framework of 'Notified Professional Investor Funds' (Notified PIFs). The MFSA also intends to issue a dedicated application form, appendices, checklists and guidance notes on the new regime.

In drafting the new rules, the MFSA has taken into consideration the features of the existing Notified AIF regime. In fact, Notified PIFs would be subject to a notification process, with various obligations expected to be borne by their main service providers, such as the fund administrator, third-party manager or company service provider.

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