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Financial Services



Malta Fund Management Company


Introduction

The Maltese Investment Services Act 1994 and the rules issued thereunder provide for the setting up of fund management companies servicing collective investment schemes, whether promoted to retail investors or professional investors. A number of general rules apply to the setting up and operation of fund management companies in Malta. However, additional requirements are imposed upon fund managers providing services to UCITS funds, given that such funds target a wider variety of investors.

Structure

The corporate structure to be used by a Malta based manager is a private limited liability company. The memorandum and articles of such company should:

Presence in Malta

The fund management company should have:

Furthermore the Malta Financial Services Authority (MFSA) usually requires that the manager should have at least 2 full time employees. However, given the flexible approach adopted by the MFSA, it may accept structures where the operations of the company are carried out differently.

Activities

The activities of the licence holder would be limited to the management of collective investment schemes, which may include the following functions: