Malta’s financial services regulator (MFSA) has confirmed that it is investigating LM Investment Management Ltd, the Australia-based fund manager, over its sale of securities in Malta. The regulator is also looking at complaints from investors of mis-selling by the company.
As banks in Cyprus opened their doors for the first time in almost two weeks, officials in Luxembourg and Malta were stressing the robustness of their respective financial services industries.
Momentum Pensions has appointed Karl Formosa to the new position of group operations manager at its head office in Malta.
Malta has enjoyed a surge in popularity among financial services companies, in the wake of the financial crisis. Hedge funds, pension fund administrators and retiring Britons are relocating there, drawn by its agreeable climate and lifestyle, affordable costs, numerous DTAs, and regulatory infrastructure. Helen Burggraf reports.
The Mediterranean island of Malta saw the direct economic contribution made by its financial services sector nearly double in the five year period ending in December 2012 a period of considerable turmoil and consolidation in many other jurisdictions, particularly elsewhere in the European Union.
HM Revenue & Customs has announced that it formally recognises as a stock exchange a new joint-venture listing entity unveiled last year by Ireland and Malta.
MC Trustees has resumed accepting business into its Malta QROPS scheme, which has been restored to HM Revenue & Customs' online list.
MC Trustees, one of the first two companies to launch a QROP scheme in Malta after HM Revenue & Customs recognised the country as a jurisdiction to which UK pensions could be transferred in 2009, has temporarily stopped taking new applications.
FMG, a specialist in emerging market funds based in Bermuda and Malta, is launching an ‘umbrella fund’ Sicav for use by third parties interested in cost-efficiently launching their own funds.
FMG, a specialist in emerging market funds based in Bermuda and Malta, has named Joe Portelli to head up its Malta operations as managing director and chief investment officer, as it prepares to launch a platform for use by third parties interested in cost-efficiently launching their own funds.
The chairman of the Malta Financial Services Authority has denied that a wave of QROP schemes are planning to relocate to the jurisdiction.
The Bank of Valletta, Maltas largest bank as measured by deposits, has been fined more than 200,000 by the Malta Financial Services Authority, in the latest chapter in a long-running saga involving a money-losing property fund.
