During the regulatory briefing meeting organised by the MFSA as part of its commitment to engage with the financial services industry, the MFSA announced that it will commit to processing Collective Investment Schemes license applications within strict time frames. The MFSA would provide its comments within 10 to 15 days depending on the type of fund licence the application relates to.
It was stressed that respect of such time frames would be subject to receipt by the MFSA of applications which are deemed complete and good quality. It is therefore important that fund advisors prepare all applications with the utmost attention.
Author: Dr. Kurt Hyzler