Malta Portfolio Managers and Trustees

Fit and Proper Assessment

All directors and key personnel must demonstrate strong professional qualifications, relevant experience, and a clean financial and criminal record, proving they are suitable to manage client assets.

Minimum Capital Adequacy

Applicants must maintain the minimum capital level required by the MFSA, ensuring the business has sufficient financial resources to meet its obligations and protect client assets.

Compliance and AML Framework

A fully documented compliance program covering AML, CFT, and data protection obligations must be in place before the license is granted by the MFSA.

Professional Indemnity Insurance

All licensed portfolio managers and trustees must hold adequate professional indemnity insurance to protect clients against potential losses arising from errors or negligence.

Initial Assessment and Structuring

A thorough review of your business model and planned services is conducted to determine the most appropriate license category and ensure your company is correctly set up before submission.

Document Preparation and Submission

All required documents, including the business plan, compliance policies, capital adequacy proof, and fit and proper declarations, are carefully prepared and compiled into a complete application package.

MFSA Review and Assessment

The MFSA conducts a detailed review of all documents and may request additional information before making a final decision on whether to grant the license.

License Approval and Ongoing Compliance

Upon receiving approval, the licensed entity must immediately put all compliance procedures into practice and fulfill all ongoing regulatory obligations, including annual reporting.