Regulated
Activates
1. Dealing as Principal or Agent
2. Buying, selling, subscribing for or underwriting
instruments as principal or agent.
3. Arranging Deals
4. Arranging for another person to buy,
sell, subscribe for or underwrite instruments.
5. Management of Investments
6. Managing or agreeing to manage assets
belonging to another person if those assets
consist of or include one or more instruments
or the arrangements for their management
are such that the person managing or agreeing
to manage those assets has a discretion
to invest any of those assets in one or
more instruments.
Trustee, Custodian or Nominee Services
7. Acting as trustee, custodian or nominee
holder of an instrument, or of the assets
represented by or otherwise connected with
an instrument, where the person acting as
trustee, custodian or nominee holder is
so doing as part of his providing any investment
service; Or
8. Holding an instrument or the assets represented
by or otherwise connected with an instrument
as nominee, where the person acting as nominee
is so doing on behalf of another person
who is providing any investment service
or on behalf of a client of such person,
and such nominee holding is carried out
in relation to such investment service;
or acting as trustee or custodian in relation
to a collective investment scheme.
Categories of Financial
Services Licenses
Category 1 Finacial
Service License
Authorisation to provide any investment
service but not to hold or control clients'
money or assets nor to deal for their own
account or to underwrite.
Category 2 Financial
Services Licenses
Authorisation to provide any investment
service and to hold or control clients'
money or assets, but not to deal for their
own account or to underwrite.
Category 3 Financial
Services Licenses
Authorisation to provide any investment
service, to hold and control clients' money
or assets, and to deal for their own account
and to underwrite.
Category 4 Financial
Services Licenses
Authorisation to act as custodians of collective
investment schemes.
The Application Process
The application process usually commences
with a formal meeting with the MFSA in order
to discuss the projected application before
the formal submission of the application
documents. The Application process and the
ongoing requirements to which licences issued
under the
ISA are subject can be divided into three
stages:
The Preparatory Stage - including a meeting
with the Authority, submission of a draft
Application Form & supporting documentation,
review by the MFSA, delineation of the Standard
License Conditions to be applied to that
particular Applicant by the Authority.
The Pre-Licensing Stage - issuance of an
'in principle' approval for the license
by the Authority, incorporation of the corporate
vehicle, submission of final & signed
application form & supporting documentation,
other documents arising during the application
process.
The Post-Licensing/Pre-Commencement of Business
Stage - satisfaction of ad hoc requirements
arising post licensing but pre-commencement
of business.
Contact us for more information as well
as for a quote. We will happily guide you
through the gaming License application process
and also advise you on the solutions that
would best suite your needs!. info@CompanyinMalta.com.
Or call +356 2010 3020
The content on this website is for information purposes only and should not be taken as tax, legal or any other professional advice.
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