The Malta Financial Services Authority (“MFSA” or “Authority”) has decided to cancel the collective investment scheme licence of AIS Capital Management Investment Fund SICAV P.L.C.

Address:

Smartcity Malta SCM01
Floor 4, Ricasoli
Kalkara SCM 1001
Malta

Business Activity:  Collective Investment Schemes Licence Holders – Professional Investor Funds

BREACHES

The Authority has found AIS to be in breach of a number of requirements related to Corporate Governance and Compliance emanating from Part BI of the Investment Services Rules for Professional Investors Funds hereinafter referred to as (“The Rules”). The identified deficiencies relate to the requirements under: SLC 1.23, SLC1.29, SLC 1.88 and SLC 1.89 of the Rules. Additionally, the Authority has decided that AIS has demonstrated a lack of cooperation in terms of the requirements stipulated under Article 13(1)(ii)(b) of the Investment Services Act (“ISA”). The Company has therefore failed to comply with the Investment Services Act (“ISA”) and the Investment Services Rules under the ISA.

REGULATORY ACTION

On 23 March 2020, the Malta Financial Services Authority cancelled, the collective investment scheme licence of AIS Capital Management Investment Fund SICAV P.L.C.

The Authority has taken this decision in terms of Article 7(3)(b) and 7(3)(d) of the Investment Services Act.

PUBLICATION

This notice is being published as part of the Authority’s standard enforcement policy and Article 16(8) of the Malta Financial Services Authority Act.

UPDATE ON 23 APRIL 2020

The Authority’s decision was not appealed before the Financial Services Tribunal within the period established by law.