On the 18th June 2015, the Malta Financial Services Authority (MFSA) issued a Circular to notify the financial services industry of various revisions to the Investment Services Rulebooks.

The revisions cater for the inclusion of a direct reference to CESR’s Guidelines on a common definition of European Money Market Funds

The MFSA Rulebooks which have been amended as aforesaid are the following:

• the Investment Services Rules for Retail Collective Investment Schemes;
• the Investment Services Rules for Professional Investor Funds (PIFs); and
• the Investment Services Rules for Alternative Investment Funds (AIFs).

The revisions effectively cater for the inclusion of a direct reference to CESR’s Guidelines on a common definition of European Money Market Funds as amended by the opinion published by the European Securities and Markets Authority (ESMA) on the 22nd August 2014 with respect to the assessment of credit quality of money market instruments.