The Malta Financial Services Authority [MFSA] has announced the launch of a new framework applicable for notification of Alternative Investment Funds [the Notified AIFs] which will be promoted to qualifying or professional investors. The AIFs falling within the scope of the notification process shall be managed by a full-scope AIFM. The Notified AIF is not authorised or in any way approved by the MFSA.
In addition, Notified AIFs will not be subject to ongoing supervision. The MFSA shall make available and maintain updated on its website a List of Notified AIFs in good standing.
The Notified AIF can be established as any structure allowed under Maltese law and the AIFM will assume full responsibility for the Notified AIF and for the fulfilment of the obligations of the Notified AIF. EU/EEA AIFMs may submit a notification to the MFSA for an AIF to be included on the List of Notified AIFs. Third country AIFMs will be able to submit a request for notification of an AIF once the country where these have been established has been granted passporting rights pursuant to the AIFMD.
The Authority will in due course announce further details about the framework and how managers will be able to avail themselves of this new product. It will also provide templates and further documentation to assist fund managers.
The MFSA will be holding a presentation on the new framework applicable for notification of Alternative Investment Funds. The presentation will be held on Friday 1st April 2016 at 09.00hrs. Registrations are to reach the MFSA by Wednesday 30 March, by e-mail to registration@mfsa.com.mt.
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