Malta Fund Administration & Fund Accounting

Malta Fund Administration & Fund Accounting

Investment Fund Services in Malta are regulated by the Investment Services Act (“ISA”) (Cap. 370 of the Laws of Malta) as amended by Act XVII of 2002.  This law sets out a statutory basis for regulating the provision of investment services.

Fund Administration & Fund Accounting

Fund administration and fund accounting is the set of activities that are carried out in support of the actual process of running a Collective Investment Scheme.  Accurate up-keeping of the general ledger, the investment portfolio and the share register will ensure that an investment fund complies with all Maltese statutory requirements. The services offered to Collective Investment Schemes will mainly include:

  1. Preparation of Net Asset Value
  2. Reconciliations
  3. Pricing the investment portfolio
  4. Fund accounting
  5. Preparation of contract notes
  6. Transfer agency
  7. Payment of bills
  8. Preparation of financial statements
  9. Performance reporting
  10. Compliance reporting
  11. Registrar

Companies incorporated in Malta are required by the Maltese Companies Act, 1995 to maintain accurate and up to date books of accounts; the same applies for Collective Investment Schemes licenced and governed by the Investment Services Act (ISA).  Therefore, besides the up-keeping of the general ledger, share register, and NAV issuance, every investment vehicle licensed under the ISA is to carry statutory financial statements followed by an Audit as indicated by the mentioned rules.  Such statutory reporting must reflect the investment objectives of the investment fund as set out in the respective Offering Documents. The accounts should be carried out at least on an annual basis (bi-annually for UCITS Schemes) and, a signed copy of which should be submitted to both the MFSA and the Registry of Companies.

The Scheme, or the Administrator, shall keep accounting and related records in the Malta registered office and made available to the MFSA should the need arises.  Records shall be retained for a minimum period of ten years.

Ancillary Services

CSB Group can also assist its clients in the completion and submission of all forms that a Malta-registered company is required to submit, such as

  • Questionnaires from statistical authorities (known as an NSO questionnaire)
  • Annual returns
  • VAT Returns, if company is registered for VAT purposes in Malta
  • Audited financial statements
  • Tax Returns

Regulation of Fund Administrators

The provision of administration services to Collective Investment Schemes is not itself a licencable activity under Maltese law. However, any person wishing to provide administration services to Collective Investment Schemes in Malta or from Malta, must obtain a recognition certificate from the Malta Financial Services Authority (MFSA).  CSB Group assists clients with the obtaining of the recognition certificate in order to provide fund administration services to Collective Investment Schemes.

Kindly download the FUND ESTABLISHMENT FORM and send it to [email protected]. A representative of our team will get in touch to discuss and assist with your hedge fund needs..

ifsp-financial-services-malta-insititute-financial-services-practitioners Finance-Malta-financial-services

Print Friendly, PDF & Email
CSB Group
[email protected]

+356 2557 2557