MT
Regulations, 2025
Table of Provisions (6)
Statutory Text (6 Articles)
Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 21,389, 7 ta’ Frar, 2025
L.N. 32 of 2025
INVESTMENT SERVICES ACT
(CAP. 370)
Investment Services Act (Notified CISs) (Amendment)
Regulations, 2025
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.
(Notified CISs) (Amendment) Regulations, 2025 and these regulations
shall be read and construed as one with the Investment Services Act S.L. 370.34.
(Notified CISs) Regulations, hereinafter referred to as the "principal
regulations".
Immediately after paragraph (e) of sub-regulation (1) of Amends
regulation 4 of the principal regulations there shall be added the regulation
the principal
following new paragraph
regulations.
"(ea) a special limited partnership fund under the
Investment Services Act (Special Limited Partnership
L.N. 30 of
2025. Funds) Regulations;".
Regulation 15 of the principal regulations shall be amended Amends
regulation 15 of
as follows
the principal
regulations.
(a) immediately after paragraph (e) of sub-regulation (1)
thereof there shall be added the following new paragraph
"(ea) a special limited partnership fund under the
Investment Services Act (Special Limited Partnership
L.N. 30 of
2025. Funds) Regulations;"; and
(b)
paragraph (a) of sub-regulation (2) thereof shall be
deleted.
Sub-regulation (1) of regulation 22 of the principal Amends
regulation 22 of
regulations shall be amended as follows
the principal
regulations.
(a)
paragraph (d) thereof shall be substituted by the
following new paragraph
"(d) in any case where the Notified PIF is
externally managed by a fund manager and the fund
manager of the Notified PIF
(i) has given notice of termination;
(ii) is in liquidation;
(iii) is
subject
to
bankruptcy
proceedings; and, or
(iv) has had its authorisation to act as a
fund manager suspended or cancelled and an
eligible replacement fund manager has not
been appointed;"; and
(b) in paragraph (f) thereof the words "in all other cases
as may be specified" shall be substituted by the words "in so far
as the Notified PIF is externally managed by a fund manager, in
those cases as may be specified".
Sub-regulation (2) of regulation 25 of the principal
regulations shall be amended as follows
(a) in paragraph (vii) thereof the words "a Notified PIF;"
shall be substituted by the words "a Notified PIF in cases where
such Notified PIF is externally managed;";
(b) in paragraph (ix) thereof the words "Notified PIF;
and" shall be substituted by the words "Notified PIF;";
(c) in paragraph (x) thereof the words "Notified PIFs."
shall be substituted by the words "Notified PIFs; and"; and
(d) immediately after paragraph (x), as amended, there
shall be added the following new paragraph
"(xi) additional requirements in relation to Notified
PIFs which are not externally managed by a fund
manager.".
€0.09