The Malta Financial Services Authority (MFSA) announced two new regulatory initiatives for asset management following the publication of new regulations under the Investment Services Act. The changes expand structuring and authorisation options for non-retail collective investment schemes. First, the MFSA is introducing the Special Limited Partnership Fund (SLPF), a collective investment scheme structured as a limited partnership without separate legal personality. The SLPF provides an alternative to the limited partnership framework under the Companies Act, is available for authorised non-retail funds, and will be constituted as a legal arrangement filed with and regulated by the MFSA under the Investment Services Act. Second, the MFSA extended the Notified Professional Investor Fund (NPIF) framework to cover self-managed NPIFs, whereas the framework previously applied only to externally managed funds, while retaining the NPIF onboarding process and associated regulatory standards.
Malta Financial Services Authority 2025-02-13
Malta Financial Services Authority introduces special limited partnership funds and extends the notified professional investor fund framework to self-managed funds
The Malta Financial Services Authority (MFSA) announced regulatory initiatives expanding options for non-retail collective investment schemes under the Investment Services Act. The MFSA introduced the Special Limited Partnership Fund (SLPF) as an alternative to the limited partnership framework, and extended the Notified Professional Investor Fund (NPIF) framework to include self-managed NPIFs.