Malta featured in the March edition of Mondo Alternative, a leading Italian financial services journal. In its dossier, it describes the growth experienced in the past few years as mainly driven by the accessibility of its regulator and competitive cost structures. It highlights the efficiency in regulation, describing Malta as a sophisticated and safe platform to do business not solely in the European continent but around the globe.
Mondo Alternative reports that prudential supervision is solid, with Malta topping EU charts in terms of implementation of legislative and regulatory developments. The dossier tackles recent and upcoming changes in legislation, particularly the implementation of the AIFM Directive and Solvency II. It also looks at the increase and expansion of emerging sectors, particularly alternative funds, over 100 of which were launched last year alone, with a total value exceeding 400 million euro, taking the total net asset value to over 10 billion euro distributed over 600 funds.
The dossier also dedicates a specific section to the Retirement Pensions Act, which entered into force in 2015, creating an attractive regulatory system for the setting up and administration of pension schemes. It also highlights the applicable regulations related to cross border pension funds based in Malta, which have led many operators in the pensions sector to use Malta as a hub for their schemes. The efficiency and opportunities offered by this regulation are supported by a stable economy, and an extensive network of over 65 double tax avoidance treaty and relatively low administrative costs. Full article may be viewed on: www.mondoalternative.com
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