SICAV Fund Renounces its Maltese Investment License

by Aziz Abdel-Qader
  • SICAV’s surrender of license is entirely voluntary based on company’s decision.
SICAV Fund Renounces its Maltese Investment License
Bloomberg
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The financial markets watchdog in Malta, the Malta Financial Services Authority (MFSA), today made a public notice that the Absolute Return Multi-Strategy Fund (SICAV) plc, a limited liability company incorporated in Malta, has applied surrender of its Investment Services Licence.

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The Maltese watchdog made it clear that the SICAV’s surrender of license is entirely voluntary based on company’s decision and does not arise as a result of any regulatory action taken by the MFSA.

The regulator accepted the surrender of the company’s Investment Services License with effect from 17 April 2017.

The Malta Financial Services Authority (MFSA) made headlines last month after it issued a circular on changes to its Investment Services Rules which concerns firms offering contracts for differences (CFDs) and spot Forex contracts under the MiFID regime in and from the Mediterranean island. One of the changes for new Category 2 Investment Services Licence applicants is that the MFSA will introduce a higher capital requirement of €730,000, compared to €125,000 under the previous rules and similar to the initial capital requirement for current Category 3 licence holders.

The financial markets watchdog in Malta, the Malta Financial Services Authority (MFSA), today made a public notice that the Absolute Return Multi-Strategy Fund (SICAV) plc, a limited liability company incorporated in Malta, has applied surrender of its Investment Services Licence.

The London Summit 2017 is coming, get involved!

The Maltese watchdog made it clear that the SICAV’s surrender of license is entirely voluntary based on company’s decision and does not arise as a result of any regulatory action taken by the MFSA.

The regulator accepted the surrender of the company’s Investment Services License with effect from 17 April 2017.

The Malta Financial Services Authority (MFSA) made headlines last month after it issued a circular on changes to its Investment Services Rules which concerns firms offering contracts for differences (CFDs) and spot Forex contracts under the MiFID regime in and from the Mediterranean island. One of the changes for new Category 2 Investment Services Licence applicants is that the MFSA will introduce a higher capital requirement of €730,000, compared to €125,000 under the previous rules and similar to the initial capital requirement for current Category 3 licence holders.

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