Following recent developments, the Malta
Financial Services Authority (MFSA) has introduced new application
packs for PIFs, AIFs and UCITS. The objective is to replace the
current regime by 1 March, 2017.
Most notably, the MFSA is committing to revert with initial
comments within the following timeframes:
UCITS / Retail AIFs: 15 working days for new schemes and 10
working days for sub-funds of existing schemes;
PIFs/AIFs: 10 working days for new schemes and 5 working days
for sub-funds of existing schemes; and
Self-Managed UCITS/PIFs/AIFs and Specialised Funds: 15 working
days for new schemes and 10 working days for sub-funds of existing
Apart from updating the current application forms, the MFSA has
also created new Offering Documentation and UCITS Depositary
Agreement Checklists with the aim of facilitating the overall
The updated application packs can be accessed here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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