June 17, 2024
The Malta Financial Services Authority ("MFSA") has issued a consultation document to update the Notified Professional Investor Fund ("NPIF") framework.

The current NPIF can be managed by local or EU de-minimis AIFMs or Third-country AIFMs. This document however proposes a Self-Managed NPIF, meaning that the NPIF can be managed by at least 3 Investment Committee members - one of which being a Portfolio Manager.
This initiative will further increase the portfolio of fund structures available in Malta making the jurisdiction a natural choice for setting up fund structures.
Similar to the current NPIF the Self-Managed NPIF will not be subject to a licencing process, but rather will be subject to notification after submitting a complete pack to the MFSA.  This effectively means that the Self-Managed NPIF will be given the green light within a maximum of 10 business days.

The MFSA is seeking the stakeholders’ views to include self-managed NPIFs.  Further information can be found at https://www.mfsa.mt/publication/consultation-document-on-extending-the-npif-framework-to-include-self-managed-npifs/
Drop us a line at [email protected] if you have any queries.