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MFSA publishes revised loan funds rules framework

Contributed by Zeta Corporate & Management Services Ltd
13 November, 2020

The Malta Financial Services Authority (MFSA) has recently published an updated version regarding the Standard Licence conditions applicable to Collective Investment Schemes authorised to invest through loans.

The MFSA stated that the recent revision was conducted in the aim of achieving a better balance between for a sound regulatory framework and to make such regime more pragmatic and accessible to the fund industry. The revision took into account the market developments and the current economic scenario from the serve impact due to the coronavirus outbreak which has led many businesses unable to gain access to capital through traditional lending sources.

Furthermore, the MFSA explained that it took note of the relevant EU regulatory developments and, particularly, the focus being placed on the area of non-bank financing by the European Commission, within the wider context of the Capital Markets Union. In addition, consideration was given to the feedback provided by the industry to the Authority since the framework was set up.

The MFSA's Chief Officer Supervision and Chief Executive Officer Ad Interim Dr Christopher P. Buttigieg addressed that "This marks the attainment of one of the first key milestones forming part of the overarching MFSA Asset Management strategy related initiatives. This strategy is aimed at strengthening Malta's position as an asset management jurisdiction, also demonstrating the Authority's commitment to contributing towards the sustained development of this sector".

To read the full Circular on the Restructuring ofthe MFSA Loan Funds Regime, Click Here.

For more information on how Zeta can assist you please contact our Business Development team on bd@zeta-financial.com .


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