Malta Recognised Private CIS

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 Private Schemes, AIFs, UCITS, Fund Managers, and Fund Administrators.

A Malta Private Collective Investment Scheme (CIS) is a fund which is not subject to any licencing requirements in terms of the Investment Services Act, but solely requires a Recognition Certificate issued by the Malta Financial Services Authority (‘MFSA’). With no minimum investment amount or restrictions, the Scheme is the ideal vehicle for family offices wishing to establish specific funds for one or more of their clients.

GDP GROWTH: 6.3% in 2015 TIME ZONE: Central European Time Zone (UTC+01.00) MALTA FUNDS: 580+ investment funds - combined NAV €9.7 billion LEGISTALTION: Fully compliant with EU directives & regulations FUND DOMICILE RECOGNITION: Rated no.1 Europe's favoured fund domicile (Hedge Funds Review's 2013 & 2014 Service Provider Rankings) SIZE OF INDUSTRY: 25% Annual Growth REGULATOR: Flexible & approachable FINANCIAL SERVICES FRAMEWORK: EU & OECD Approved

• No licence required;
• No borrowing restrictions;
• No investment restrictions;
• No minimum Investment Amount;

Private Collective Investment Schemes are regulated under the Investment Services Act, 1994. The status of ‘Private Collective Investment Scheme’ is granted by the MFSA once the scheme fully satisfies the requirements and criteria relating to its nature and purpose.

• Reporting requirements;
• A limit of 15 participants;
• Fit & Proper Management and Shareholding;
• Exemption from obtaining a Collective Investment Scheme licence;