Regulations, 2021

Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 20,642, 11 ta’ Ġunju, 2021 B 1862

L.N. 240 of 2021

INVESTMENT SERVICES ACT

(CAP. 370)

Investment Services Act (List of Notified AIFs) (Amendment)

Regulations, 2021

IN EXERCISE of the powers conferred by article 12 of the

Investment Services Act, the Minister responsible for the regulation of

financial services, acting on the advice of the Malta Financial Services

Authority, has made the following regulations:-

The title of these regulations is the Investment Services Act Citation and

(List of Notified AIFs) (Amendment) Regulations, 2021 and these commencement.

regulations shall be read and construed as one with the Investment S.L. 370. 34.

Services Act (List of Notified AIFs) Regulations, hereinafter referred

to as "the principal regulations".

In sub-regulation (2) of regulation 1 of the principal Amends

regulations, the words "A licensed collective investment scheme may regulation

the principal

not be converted into a Notified AIF." shall be deleted.

regulations.

Sub-regulation (3) of regulation 4 of the principal Amends

regulation 4 of

regulations shall be amended as follows

the principal

regulations.

(a) for the words "regulation 5" there shall be substituted

the words "regulation 6";

(b)

paragraphs (c) thereof shall be deleted; and

(c) in paragraph (d) thereof, for the words "non-financial

assets" there shall be substituted the words "non-eligible assets".

Regulation 10 of the principal regulations shall be amended Amends

regulation 10 of

as follows

the principal

regulations.

(a) in sub-regulation (1) thereof, for the words "The

AIFM" there shall be substituted the words "The governing body

of the Notified AIF, in agreement with the AIFM"; and

(b) in sub-regulation (2) thereof, for the words "The

AIFM" there shall be substituted the words "the governing body

of the Notified AIF".

Regulation 12 of the principal regulations shall be amended

as follows

(a) in sub-regulation (1) thereof, the words "In addition,

the AIFM shall also submit a resolution of the governing body of

the AIF certifying that the amendments to the prospectus comply

with the standards prescribed in the Investment Services Rules."

shall be deleted; and

(b) in sub-regulation (3) thereof, for the words "ten (10)

working days" there shall be substituted the words "five (5)

working days".

€0.09