General  Foundations are legal entities that can provide most of the benefits of a company and also those provided by a trust such as consolidation of asset management, provisions for the listed beneficiaries, tax planning, philanthropic purposes as well as …

Credit Institutions (Licensed and regulated under the Banking Act of 1994) Introduction The Banking Act 1994 -Chapter 371 – (the Act) has modernised the banking legislation for Malta. It has replaced the Banking Act 1970 and brought the local operators …

Investment Services are regulated by the Investment Services Act (Cap. 370 of the Laws of Malta) [“ISA”] as amended by Act XVII of 2002. This law establishes the regulatory framework for two types of licences namely Investment Services Licences and …

Characteristics of Collective Investment Schemes (CISs) and Professional Investor Funds (PIFs)  Collective Investment Schemes  The definition of a ‘collective investment scheme’ in the ISA is a very broad one which embraces corporate schemes such as open-ended and closed-ended investment companies, …

When processing applications for a licence in terms of the Investment Services Act, the Banking Act and the Financial Institutions Act, the MFSA takes account of: i. the degree of protection to the investors; ii. the protection of the reputation …

The MFSA’s regulatory regime for collective investment schemes caters for two principal classes of schemes, namely, • Retail Schemes and • Professional Investor Funds (PIFs). Retail Schemes are further sub-divided into two principal categories: • Maltese non-UCITS Schemes and • …

INTRODUCTION  The term “financial institution” as defined under European legislation means an entity which provides any type of financial services. In Malta, the creation and licensing of a financial institution is a home grown “quasi bank” authorized to carry out …

Ship Registration All types of vessels, from pleasure yachts to oil rigs, may be registered. The procedure for the registration of a vessel is carried out in two stages: Provisional registration, which in terms of law has the same effect …