Malta QROPS
Significant changes to the Malta QROPS rules regarding investment management came into force on January 1st 2019. Malta QROPS providers are now legally required to ensure financial advisers are correctly regulated according to MiFID 2 (Markets in Financial Instruments Directive) rules.
Providers were given 6 months leeway to work with advisers who were in the process of completing their applications with their local regulator. If advisers were unsuccessful in securing the new qualification, clients would be told by the Malta QROPS provider to find a new adviser. If that didn't happen, the QROPS provider would opt to withdraw their services!
Essentially, advisers had to hold or obtain an investment advisor to comply with the new MiFID regulations in order to continue representing their clients. In the past, an Insurance Distribution Directive (IDD) license sufficed. However, the Malta Financial Services Authority (MFSA) decided that this was not enough and implemented MiFID 2 regulations in full for advisers as well as investment management companies.
Atlantica Wealth are US and UK licenced, SEC regulated financial advisors, with many years experience advising expats in the USA.
We offer a complete, impartial review – free of charge
Our free guide has lots of information about your options, what they mean and what you should take into consideration before making any decision.
If you live in the USA, we can give advice by phone, email or Skype.
Contact us today for more information.
Schedule a free (no obligation) 30 minute consultation call at a time that suits you.
Book a consultation