The Investment Services Act 1994, Cap. 370 of the Laws of Malta, provides the opportunity for a Licensed Maltese Investment Services company to offer its services in other EU member states.
Under the Act, the provision of the following investment services in or from Malta requires a license from the MFSA:
- Reception and Transmission of Orders in relation to one or more instruments
- Execution of orders on behalf of other persons
- Dealing on own account
- Management of Investments
- Trustee, Custodian or Nominee Services
- Investment Advice
- Underwriting of instruments and, or placing of instruments on a firm commitment basis
- Placing of Instruments without a firm commitment basis
- Operation of a Multilateral Trading Facility
Any person carrying out any of the above-mentioned MiFID activities needs to obtain a licence under the Act from the MFSA.
Licences under the Act are classified under four distinct categories, split into a number of sub-categories. In the right-hand column of the table below we indicate the minimum share capital requirements for each category of licence. The initial capital must be paid up prior to issuance of the licence by the MFSA.
Click here for an overview of Investment Services Licences, including Categories and Minimum Capital Requirements and Licence Fees.