Since joining the European Union in 2004, Malta has become an innovative and reliable financial services centre, hosting a variety of financial services businesses and structures including fund administrators, fund managers, payment service providers, electronic money institutions, investment advisors and insurance principals. Malta’s appeal is enhanced by its highly skilled workforce, multilingualism, extensive tax treaty network, and reliable IT infrastructure.
The principle legislation governing Fund Administrators in Malta is the Investment Services Act, 1994 (“ISA”) as subsequently amended. The ISA establishes the regulatory framework for fund administration companies. Fund Administrators would also need to adhere to any subsidiary legislation issued in terms of the ISA as well as the Rules for Recognised Persons as issued and amended from time to time by the Malta Financial Services Authority (MFSA), which is the Island’s single regulator for all financial services activities. The Authority is responsible for regulating and supervising fund administration companies operating in and from Malta.