The Malta Financial Services Authority (MFSA) has recently introduced new application packs for PIFs, AIFs and UCITS. The application packs consist of the application forms, the checklists relating to the prospectus/offering documents and depositary agreement checklists where applicable.

In this respect, the MFSA is committing to revert with initial comments within the following timeframes:

  • UCITS / Retail AIFs: 15 working days for new schemes and 10 working days for sub-funds of existing schemes;
  • PIFs/AIFs: 10 working days for new schemes and 5 working days for sub-funds of existing schemes; and
  • Self-Managed UCITS/PIFs/AIFs and Specialised Funds: 15 working days for new schemes and 10 working days for sub-funds of existing schemes.

Prospective applicants can start submitting applications using the revised application forms. It is the intention of the Authority to replace the current application forms by 1st March, 2017.