Malta Rules – Highwire Extensions

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Introduction to Malta Investment Rules

There were 566 CIS established in Malta as at June 2020.

This included:

328 Professional Investor Funds (PIFs).
107 UCITS;
118 AIFs;
8 private CIS; and
5 retail non-UCITS

Click on the links above for more details on each fund type.

For more details on numbers and types of funds, see below.

AIFs and retail Non-UCITS operate under the AIFMD Directive.

The most popular fund type in Malta is the Professional Investor Fund (PIF), which is a hedge fund product. The PIF is highly flexible and there are generally no asset eligibility rules, investment rules and no leverage or borrowing requirements. Importantly, they fall below the AIFMD threshold criteria.

For more on PIFs click here.

For more details of PIFs Vs AIFMD, click here.

FUND STRUCTURES

THE REGULATOR

LEGISLATION AND REGULATORY FRAMEWORK

PRESCRIBED FUNDS

MALTA – BREAKDOWN OF FUND TYPES – PER MSFA

Resources

		June 2020
		Total licences as at end June 2020
AIFs	Schemes	62
	Sub-funds	118
	of which Qualifying Investor	55
	of which Extraordinary Investor	5
	of which Experienced Investor	2
	of which Professional Investor	51
	of which Retail Investor	5
PIFs	Schemes	150
	Sub-funds	328
	of which Qualifying Investor	289
	of which Extraordinary Investor	26
	of which Experienced Investor	13
UCITS	Schemes	33
UCITS	Sub-funds	107
Retail Non-UCITS	Schemes	3
Retail Non-UCITS	Sub-funds	5
Recognised Private CIS	Schemes	8
Recognised Private CIS	Sub-funds	8