L-0010-2023

Consultation on the proposed legislative amendments to promulgate a framework for Notified Professional Investor Funds


Closed

​Ministry:

Ministry for Finance and Employment

​Entity:

Ministry for Finance and Employment

​Published:

22/05/2023

​Running Till:

22/06/2023

​Last Updated:

13/11/2023




1. Background
 
By virtue of this Consultation Document, the MFSA is accordingly seeking stakeholders’ views on the proposed legislative amendments being envisaged to promulgate a framework for Notified PIFs, including the applicable fees. The framework being proposed seeks to provide an additional fund structure which complements existing fund frameworks, entailing potentially lower associated setup and other operational/ regulatory costs currently experienced in operating a fully licensed fund. It also takes a more proportionate and risk-based approach to the onboarding process given the regulated status of the funds’ service providers and the qualified status of the target investors.
 
2.Consultation questions

Stakeholders are invited to submit, for the consideration of the MFSA, any comments they may have on the proposed legislative amendments which are being attached to the Consultation document.
 
3. Documents
 
The Consultation Document and draft legislation can be downloaded from the URL below:
 

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