A Collective Investment Scheme is defined under the Laws of Malta as “any scheme or arrangement which has as its object or as one of its objects the collective investment of capital acquired by means of an offer of units for subscription, sale or exchange, and which have the following characteristics:
- The scheme or arrangement operates according to the principle of risk spreading; and either
- The contributions of the participants and the profits or income out of which payments are to be made to them are pooled; or
- At the request of the holders, units are or are to be repurchased or redeemed out of the assets of the scheme or arrangement, continuously or in blocks at short intervals; or
- Units are or have been or will be issued continuously or in blocks at short intervals.
FJVA can help you identify whether your CIS requires any licensing under the Maltese laws and will help ensure that all the necessary licensing requirements are fulfilled.
