The Malta Financial Services Authority (“MFSA”) has revised the application forms for applicants seeking authorisation as Alternative Investment Funds (“AIFs”) and Undertakings for Collective Investment in Transferable Securities (“UCITS”).
Form AA35 which applies for AIFs and Form AA37 applicable to UCITS have been amended to ensure that each application from focuses on the respective operational model of the collective investment scheme in question. Furthermore, the revision eliminated certain concepts which were not applicable to the respective regulatory regime.
In addition, Annex AX10 and Annex AX11 applicable to internally managed AIFs and internally managed UCITS respectively, have also been revised. This has been done in order to ensure that the questions outline a better distinction between externally managed and internally managed schemes. The MFSA doesn’t exclude the possibility of further updates on the application forms in order to increase efficiency.
Previous application forms will be accepted by the MFSA until the 3rd June 2022, however as from the 6th June 2022, only the newly revised forms mentioned above will be accepted for applicants seeking authorisations as AIFs or UCITS.
Do not hesitate to contact us should you require any further information or assistance on the above.