MFSA issues FAQs on AIFMD implementation | Updated

On 6 February, 2014 the Malta Financial Services Authority (MFSA) published its first set of frequently asked questions (FAQs) on the Alternative Investment Fund Managers Directive (AIFMD) and Malta’s implementation of AIFMD. The MFSA has been accepting and replying to queries on Malta’s implementation of AIFMD since early 2013. These FAQs group up the most common queries faced by the Maltese regulator as well as the MFSA’s responses.

The FAQs are divided into a number of topics ranging from high-level queries such as applicable legislation to detailed guidance on the MFSA’s interpretation of common management and control. In total there are 97 questions and answers.

These FAQs will continue to be updated from time to time.

For a link to (version 1.0 of) the FAQs please click here (see note regarding version 2.0 below)

Update: On 14 February, 2014 the MFSA issued version 2.0 of the FAQ amending the Q&A regarding passporting of MiFID Services to clarify that the MFSA will, in line with the European Commission’s revised views in the context of MiFID 2 negotiations, be accepting both inward and outward passporting applications by Maltese AIFMs for permitted MiFID services.

For a link to (version 2.0 of) the FAQs please click here.

For more information or if you have any questions, please feel free to contact the author or any of the Key Contacts for GANADO’s Investment Management & Funds Industry Grouping.