Malta Funds Industry Association (MFIA)

Malta Funds Industry Association | FinanceMalta

Chairman: Mr Kenneth Farrugia
Executive secretary: Mr Anatoli Grech
Telephone: +356 2597 5100
Address:

c/o TG Complex, Suite 2, Level 3, Triq il-Birrerija, l-Imriehel, Birkirkara BKR 3000 - Malta.

 Email: info@mfia.org.mt
Website: www.mfia.org.mt;














 

The genesis of the Malta Funds Industry Association, MFIA, dates back to 22 September 2003 where two of its current members, HSBC Global Asset Management (Malta) Limited and Valletta Fund Management Limited took the initiative to set up a representative body for the industry. At that time, the MFIA was known as the Malta Investment Management Association and, initially, it represented the common interests of fund managers.

Following Malta's accession to the European Union on 1 May 2004, the industry witnessed an increased interest by international fund promoters to domicile their funds in Malta. This was without doubt driven by a number of success factors which among others, included the presence of a comprehensive legal and regulatory framework, cost competitiveness and a professional business environment. As a result of these developments, the Association broadened its remit to represent the interest of fund administrators, following the initiative taken by the main market players at that time to set up specialist fund administration operations and with a clear distinction from fund management business. 

The strong growth of the industry in these last few years subsequently necessitated that the Association reviews its statute to encompass a wider spectrum of practitioners actively involved in the funds industry. Over the past years, the Association has also welcomed Custodians and members from legal, audit and advisory professions. In view of the ever increasing obligations of the fund Directors particularly emanating from the new regulations, the Association has last year widened its membership base to include Directors of Collective Investment Schemes.

The MFIA's primary objective is to act as a channel of communication and to make representations to the Maltese Government and the Malta Financial Services Authority on legislative, regulatory and fiscal matters which amongst others, directly or indirectly, have an effect on the business and/or professional interests of its members.

The Association’s initiatives are led by three key objectives:

  • Act as a channel of communication and makes representations to the Maltese Government and the Malta Financial Services Authority on legislative, regulatory and fiscal matters which amongst others, directly or indirectly, have an effect on the business and/or professional interests of its members      
  • Education.
  • Support and participate in industry related promotional initiatives.

MFIA is also represented on the Board of Governors of FinanceMalta. The MFIA is a full member of the European Fund and Asset Management Association (EFAMA) and sits on the EFAMA Board.