Malta launches the Notified AIFs regime
The MFSA have announced the launch of the new Notified AIF regime for funds managed by a full-scope AIFM and promoted to qualifying or professional investors. The said funds would be able to start operating within merely 10 business as they will be will not be subject to an authorisation/approval process nor be subject to ongoing supervision.
The AIFMs (whether Maltese, EU/EEA or third country having passporting rights) managing the Notified AIFs will assume full responsibility for the Notified AIF and for the fulfilment of the obligations of the Notified AIF.
The MFSA will shortly be publishing a list of documents required together with a pro forma prospectus template to be submitted as part of the notification process of the AIF.
The MFSA expects to start receiving requests for inclusion in the List of Notified AIFs from around the middle of the second quarter of 2016.