This article was first published in The Hedge Fund Law Report
Vol. 10, No. 7 (16th February 2017).
In 2016, the Malta Financial Services Authority (MFSA) undertook
a consolidation of its funds regime. This effort resulted in the
addition of the notified alternative investment fund (Notified AIF)
to Malta's extensive range of fund structures. A Notified AIF
is unique because it enables the timely launch of an alternative
investment fund as long as it meets certain conditions to be
"notified" to the MFSA by the AIF's alternative
investment fund manager. Under the Notified AIF framework, the MFSA
focuses on regulating the product provider – in this case,
the fund manager – rather than the fund product, which is
what facilitates the launch of a Notified AIF without requiring
pre-authorization by the MFSA. In a guest article, Dr. Yanika Fino,
an associate at GANADO Advocates, describes the requirements for
forming a Notified AIF, the types of funds that are eligible to use
this vehicle and some of the pros and cons associated with pursuing
Click here to read
the article (subscription to The Hedge Fund Law Report
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.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
As the UCITS acronym suggests, its original focus was on investment in "transferable securities" although UCITS do offer far wider investment possibilities, as explained below.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).