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Although not as common as investment companies, CISs set up in any one of these forms vehicles may prove to be suitable for particular investment objectives. Recent amendments to the Trusts and Trustees Act (Chapter 331 of the Laws of Malta) have introduced a more solid regime for the constitution, administration and control of trusts under Maltese law, making the unit trust a more attractive vehicle for CISs.
Mutual funds are also of considerable importance in the light of UCITS requirements, where a CISs wishes to benefit from the passporting rights conferred by applicable European Union legislation seeking to promote the free movement of financial services.
For further information about how Zammit & Associates – Advocates can help you with your trust and estate planning requirements kindly contact us on info@zammit-law.com
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