Malta Issues Forms For AIFMD Private Placement
by Mike Godfrey, Lowtax.net, Washington
25 September, 2014
The Maltese Financial Services Authority (MFSA) has finalized the implementation of its National Private Placement Regime under the Alternative Investment Fund Managers Directive (AIFMD), to enable non-European Economic Area (non-EEA) funds and non-EEA fund managers to market their funds to EU participants.
The AIFMD was introduced to improve oversight of funds marketed to EU consumers, and a transitional period ended on July 22, 2014. EU managers marketing EU Alternative Investment Funds (AIFs) are required to obtain an EU-wide passport to market their funds to professional investors. Non-EU AIFMs or non-EU AIFs managed by EU AIFMs will be unable to obtain a passport until at least 2016, and must instead seek to market the funds through a National Private Placement Regime (NPPR).
Alongside the release of notification forms, Malta has newly issued guidance notices on the completion of the required forms to market funds under its NPPR.
See all of today's news