MALTA'S NEW NOTIFIED AIF
We at Directors Chambers hope that all of our subscribers are enjoying the summer. But please know that business doesn't stop in Malta in the summer.
The Malta Financial Services Authority has successfully launched its Notified Alternative Investment Fund regime, thus keeping Malta at the cutting edge of fund regulation in the European Union. The first NAIF was put on the list of NAIFs on 21 July 2016.
The concept of the NAIF is that the manager (AIFM) is regulated but the fund (NAIF) is not. The AIFM assumes full responsibility for the NAIF. A NAIF will be added to the MFSA's list within 10 days of submission of a completed application. NAIFs have distribution and investment restrictions, however their advantage is speed-to-market. A NAIF can later be changed into a regulated AIF.
The sponsoring AIFM can be from any EU/EEA state.
Information about the NAIF regime is available here: