Investment Services – Licensable Activities

The following services constitute licensable investment services when carried out in connection with “instruments” in terms of Malta’s Investment Services Act:

  1. Reception and transmission of orders;
  2. Execution of orders on behalf of other persons;
  3. Dealing on own account;
  4. Third party asset management;
  5. Trustee, custodian or nominee services;
  6. Investment advice in the form of personal recommendations (excluding recommendations issued exclusively through distribution channels or to the public);
  7. Underwriting of instruments and, or placing of instruments on a firm commitment basis;
  8. Placing of instruments without a firm commitment basis;
  9. Operation of a multilateral trading facility, bringing together multiple third parties buying and selling interests instruments, resulting in a contract.

The above services constitute investment services when they are carried out in respect of financial “instruments” as defined in the Second Schedule to the Investment Services Act.

Key Contacts

Andrew J. Zammit

Kurt Hyzler

Katia Cachia

Amanda Vella

Gianluca Falzon

Nicola Fenech Conti

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