Notified AIFs - Malta launches new investment fund structure | Papilio Services Limited

The MFSA have announced the launch of the new Notified AIFs

The Malta Financial Services Authority (MFSA) has just announced the launch of a new framework that specifically applies to the notification of Alternative Investment Funds or Notified AIF’s as they are more commonly known. This new framework will be specifically aimed at qualifying or professional investors.

It must be noted that the Notified AIFs will not be authorised or approved by the Malta Financial Services Authority and thus Notified AIFs will not be subject to ongoing supervision. Notified AIFs that are recognised as being in good standing will be included in a list of Notified AIFS that will be published by the Malta Financial Services Authority on a regular basis.

An establishment of the Notified AIF can be carried out in any structure that is allowed under the Maltese law and the AIFM will hold full responsibility for the Notified AIF and completion of any obligations that may arise from the Notified AIFs.

To be included on the List of Notified AIFs, AIFMs from the European Union (EU) and European Economic Area (EEA) may submit a respective notification to the Malta Financial Services Authority for an AIF to be included. Should the AIFM be from outside these areas then an application to be included on the List of Notified AIFs can be made if the country where these have been established has been granted passport rights pursuant to the AIFMD.

The MFSA will also publish a list of documents required with a proforma prospectus template to be submitted as part of the notification process of the AIF. Consequently, within 10 business days from the date of filing of a complete notification pack, the MFSA will proceed to include the AIF in the list of Notified AIFs.

Requests for inclusion in the List of Notified AIFs are expected to materialise from May 2016 onwards.

For further information, please contact us to stay up to date with latest financial news from a Maltese perspective.

Notified AIFs Malta launches new investment fund structure | Papilio Services Limited