...Christopher P. Buttigieg; Martha Chetcuti Purpose The purpose of this paper is to test two hypotheses: first, that the regulatory framework applicable to funds in Malta and the Malta Financial Services Authority's (MFSA's) approach to financial supervision, have been instrumental to the process...

... to the implementation of the CRD for these type of firms. It also examines the approach taken by the Malta Financial Services Authority in order to address these challenges. Originality/value Possible future challenges that might arise in view of CRD IV are also considered. It is a central argument of this paper...