On 12 June 2024, the Malta Financial Services Authority (MFSA) released a consultation document proposing the extension of the Notified Professional Investor Fund (NPIF) framework to include self-managed NPIFs. This follows the introduction of the NPIF framework in December 2023 (read about that here).
This initiative aims to enhance the flexibility and attractiveness of Malta’s investment fund sector.
Key Points:
- Expanded Framework: The proposed extension will allow NPIFs to operate without appointing an external manager, offering greater autonomy and cost-efficiency.
- Industry Impact: This change is expected to attract more professional investors and fund managers to Malta, reinforcing its position as a leading financial services hub.
- Stakeholder Feedback: The MFSA invites stakeholders to submit their feedback on the proposed changes by 31 July 2024.
The consultation document may be accessed here.
