Over the last two decades, Malta has established itself as an innovative and reliable financial services centre, hosting a variety of financial services businesses and structures including AIFs, UCITS, fund managers, fund administrators, forex brokers, payment services providers, investment advisors and insurance principals. A number of factors have contributed to Malta’s rapid growth in the sector, including the approachability of the Malta Financial Services Authority (MFSA), Malta’s single regulator for financial services, and the high regulatory standards that the jurisdiction adheres to. Malta’s appeal is also enhanced by its highly skilled workforce, multilingualism, extensive tax treaty network, and reliable IT infrastructure.
The principal legislation governing Professional Investor Funds (“PIFs”) in Malta is the Investment Services Act, 1994 (“ISA”) as subsequently amended. The ISA establishes the regulatory
framework for investment services providers and for Collective Investment Schemes including PIFs. Under Maltese law PIFs are one type of Collective Investment Scheme (“CIS”).