The Regulation of Collective Investment Schemes in Malta


The Investment Services Act (“ISA”), Chapter 370 of the Laws of Malta, provides the legal framework for the licensing and regulation of Collective Investment Schemes operated in or from Malta. The Malta Financial Services Authority (MFSA) is an autonomous public authority constituted and regulated by the Malta Financial Services Authority Act (“MFSA Act”). The Authority aims to provide a seamless regulatory function for Malta financial services and also regulates providers of investment services, insurance business companies and banks.

The MFSA’s general regulatory approach, based primarily on accessibility to regulators and pragmatism in dealing with regulatory issues, has contributed tangibly to the exponential growth in Malta’s financial services sector over the past ten years.