Investment Fund Market Guide - Malta


Key features (Register market)



Settlement free of payment


Settlement against payment


Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements


Refer to Disclosure Requirements – Investment Funds – Malta

Restrictions on customer


Refer to Holding Restrictions - Investment Funds - Malta

Restrictions on settlement




Market type / link type (Settlement link)

Register market

Eligible fund types/legal forms in CBL

Register marketMutual funds (UCITS, Retail non-UCITS /Retail AIFs, AIFs, NAIFs, PIFs), Private Equity funds (AIFs, NAIFs or PIFs), Hedge funds (AIFs, NAIFs or PIFs).

Eligible fund types in CBL

Register market

In Malta, a collective investment scheme can take any legal form including corporate form (typically the SICAV), unit trust, contractual fund or limited partnerships.

Majority of funds in Malta (99%) are established as SICAVs (i.e. corporate form) or open-ended investment company. SICAVs are typically public limited companies.

Mutual funds can take the form of UCITS (Undertakings for Collective Investment in Transferable Securities Directive), retail non-UCITS / Retail AIFs (Alternative Investment Fund), AIFs, NAIFs (Notified AIFs), PIFs (Professional Investor Fund).

Private equity funds and hedge funds must take the form of either AIFs, NAIFs or PIFs.

CSD link

(Please refer to the Market Link Guide – Malta for more information.)