Regulatory Alerts2024-11-27
Added · Updated
Establishment of Single Family Offices in Malta
The MFSA amended the Investment Services Rules for Notified Professional Investor Funds and the Trustees of Family Trusts Rulebook to facilitate Single Family Office structures. The Investment Services Rules now allow Notified Professional Investor Funds to be managed by exempt local fund managers, provided they invest private wealth without raising external capital, and introduce new verification obligations for Due Diligence Service Providers. The Trustees of Family Trusts Rulebook updates the definition of family members to include family clients and requires documentary evidence to the Authority when such clients are beneficiaries of trusts investing in these funds.