On the 23rd of November, 2016 the MFSA issued a consultation document on the proposed revised rule books applicable to collective investment schemes. This consultation follows and is a direct consequence of the announcement made by the MFSA on the 1st of April of its intention to consolidate and reduce the number of fund frameworks which are available to fund promoters.
The consultation process will run until the 5th January 2017 and the MFSA will consider all comments received from stakeholders during this time. The consultation document may be found here.
It is to be noted also that the MFSA will be holding an information session with the industry in order to outline the changes in the authorisation process. This information session will be held on 2 December 2016.