The Malta Funds Industry Association has unveiled a newly designed portal at www.mfia.org.mt with increased navigation and improved functionality.

The portal features important statistical information on Malta’s funds industry and details on the association’s 30 members. The MFIA also publishes a quarterly newsletter which features specialist articles by professionals covering various legal, regulatory, operational and business matters.

Set up in September 2003 by two of its current members, Valletta Fund Management Limited and HSBC Global Asset Management (Malta) Limited, the association’s members operate in fund management, fund administration, custody and other service areas in the financial services sector.

The association has seen a growing number of members over these last years in line with the success being registered in Malta as the country continues to position itself as a reputable financial services hub within the EU.

Over the past two years, rapid growth in the fund business has seen the net asset value of the funds under management registered with the Malta Financial Services Authority increase from €4.8 billion at the end of 2005 to €7.8 billion last June. The total funds domiciled in Malta have reached 519 from 151 over the same period.

The MFIA’s primary aim is to act as a channel of communication and make representations to the government and the Malta Financial Services Authority on legislative, regulatory and fiscal matters.

The association is also represented on the Financial Services Consultative Council and on Finance Malta’s board of governors.

Membership forms are downloadable from the website.

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