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ARTICLE · 09 JULY 2025

Securisation Vehicles And The AIFMD – Malta's Clear Exemption Framework

GTG Legal
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GTG Legal

GTG Legal

Since its founding in 1997, GTG has been at the forefront of Malta’s legal profession, blending...

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Securitisation vehicles and collective investment scheme structures are both corporate set-ups which, while they are set-up with different goals, often have overlapping elements...

MaltaFinance and Banking
Neil Gauci
Neil Gauci

Securisation Vehicles

Securitisation vehicles and collective investment scheme structures are both corporate set-ups which, while they are set-up with different goals, often have overlapping elements which may cause various legal and financial issues for clients. Hence it is possible that due to such overlapping elements, a securitisation vehicle may potentially be classified as a collective investment scheme, which would have significant legal, regulatory and legal repercussions.

Alternative Investment Funds ("AIFs") are collective investment undertakings whose aim is to pool capital in line with an already defined and communicated policy for the benefit of its investors. AIFs different from under funds regulated under the Undertakings for Collective Investment in Transferable Securities ("UCITS") Directive as AIFs only target professional investors. Additionally, AIFs tend to invest less in traditional securities such as bonds, stocks, or derivatives but rather

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