Directives Applicable until 31 December 2014

The Retirement Pensions Act (“the Act”) (Chapter 514 of the Laws of Malta) came into force on the 1st January 2015. The new Regulations and Pension Rules also came into force on the 1st January 2015.

A new set of Regulations and Pensions Rules have been issued under the Act to supplement the legal framework for the licensing and regulation of Retirement Schemes (both Occupational and Personal), Retirement Funds and Service Providers related thereto, as well as for the requirement of recognition for persons carrying on back-office administrative services.

Traditional Process (The Retirement Pensions Act)

  Note for Information

Directives Issued Under The Special Funds (Regulation) Act, 2002

  Table of Contents

  Introduction

  Part A – The Special Funds (Regulations) Act, 2002 and the Registration Requirements

  Part B – Standard Operational Conditions

  Part C – General Directives

  Part D – Appendix 1 – Guidance for Financial Returns

  Part D – Appendix 2 – Financial Returns

  Part D – Appendix 3 – Certificate of Compliance

  Part D – Appendix 4 – Information to be included in Monthly Reports – Retirement Funds

  Part D – Appendix 5 – Retirement Scheme – Form of Annual Report

  Part D – Appendix 6 – Retirement Fund – Form of Annual Report

  Part D – Appendix 7 – Actuarial Funding Certificate

  Part D – Appendix 8 – Actuarial Transfer Value Certificate

  Part D – Appendix 9 – Investment Restrictions

  Part D – Appendix 10 – Schedule of Payments

  Part D – Appendix 11 – Personal Questionnaire

  Part E – Schedule A – Application Form for Retirement Scheme

  Part E – Schedule B – Application Form for Retirement Fund

  Part E – Schedule C – (Full) Application Form for Registration as a Retirement Scheme/Fund Administrator

  Part E – Schedule D – (Abridged) Application Form for Registration as a Retirement Scheme/Fund Administrator

  Part E – Schedule E – Application Form for Asset Manager

  Part E – Schedule F – Application Form for Retirement Fund Custodian (Full)

  Part E – Schedule G – Application Form for Retirement Fund Custodian (Abridged)

  Part E – Schedule H – Financial Resources Statements