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Leap of Faith: Launching the First Maltese Unit Trust

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Author(s): Charles Cassar

Journal: ELSA Malta Law Review
ISSN 2225-210X

Volume: 1;
Start page: 85;
Date: 2011;
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Keywords: unit trusts | collective investment schemes | financial regulation | funds structures | mfsa

ABSTRACT
The Maltese funds industry is has just seen the launch of its first collective investment scheme structured as a unit trust. In this paper, the author examines some of the legal and regulatory challenges which the launch of this structures gave rise to, such as the question of the role of the custodian. The author suggests a number of changes to the regime which are necessary if the structure is to become more widely used and highlights some of the advantages of the unit trust as a vehicle for funds.

Tango Jona
Tangokurs Rapperswil-Jona

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