Disclaimer

This Disclaimer is addressed to you whether you access this site for yourself or for somebody else. You must agree to the terms and conditions set forth below for your own behalf and for all others, on whose behalf you access the TALITI Funds website and acquire information about TALITI Funds SICAV p.l.c. ("the Fund").

No Warranty 

YOU AGREE THAT YOU ACCESS AND USE TALITI.EU ENTIRELY AT YOUR OWN RISK.

WE OFFER TALITI.EU "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTIES CONCERNING THE RELIABILITY, ACCURACY, COMPLETENESS OF THE CONTENT OR SITE.

Every effort has been made to ensure the accuracy of the information herein, but it may be based on outdated figures or subject to errors. Furthermore, you must acknowledge that past performance is not indicative of future performance. The price of fund units can go down as well as up and may be affected by changes in rates of exchange. An investor may not get back the amount invested.
Investments in the Fund may involve significant risks. Whilst it is the intention of the Manager to implement strategies which are designed to minimise potential losses, there can be no assurance that these strategies will be successful. It is possible that an investor may lose a substantial proportion or all of its investment in the Fund. As a result, each investor should carefully consider whether it can afford to bear the risks of investing in the Fund.

No Offer or Solicitation

The information contained and referenced on this website should not be regarded as an offer, solicitation or recommendation for any investments, investment funds or products in any jurisdiction where such activity is unlawful. This website is not directed at you, if we are prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use which would be contrary to local law or regulation.
No action has been taken to permit the distribution of the Fund in any jurisdiction where action would be required for such purpose. Accordingly, no person receiving a copy of the Fund’s Offering Memorandum and/or an Application Form in any territory may treat it as constituting an invitation to him to purchase or subscribe for Shares nor should he in any event use such an Application Form unless in the relevant territory such an invitation could lawfully be used without compliance with any registration or other legal requirement.
The Shares of the Fund have not been nor will they be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any State securities law and, except with the specific consent of the Board, may not be offered or sold directly or indirectly, in the United States of America, its territories or possessions or any area subject to its jurisdiction or to any U.S. Person. In addition the Fund will not be registered under the United States Investment Company Act of 1940 (the "1940 Act"), as amended and the investors will not be entitled to the benefits of the 1940 Act.

No Retail

The funds offered by TALITI Funds are classified as Professional Investor Funds according to the rules in Malta. It is not available for retail. These funds are made available primarily to institutional investors such as banks, asset managers or insurance companies. They are accessible only for individual investors that qualify as high net-worth investors as defined in the Offering Memorandum and the Fund Subscription Forms.
No broker, dealer, salesman or other person has been authorised by the Fund, its Directors, or any of the appointed functionaries to issue any advertisement or to give any information or to make any representations in connection with the offering or sale of Shares other than those contained on this website and in the documents referred to herein and / or authorized by the Directors. In connection with any offer hereby made, and if given or made, such information or representations must not be relied upon as having been authorised by the Company, its Directors, or any of the appointed functionaries.

No Tax or Legal Advice

Potential subscribers of Shares should inform themselves as to (a) the possible tax consequences, (b) the legal requirements and (c) any foreign exchange restrictions or exchange control requirements which they might encounter under the laws of the countries of their citizenship, residence, incorporation or domicile and which might be relevant to the subscription, holding, or disposal of Shares in the Fund.
It is the responsibility of any persons in possession of the Offering Memorandum and any persons wishing to apply for Shares, for their own purposes or on behalf of others, to inform themselves of, and to observe and comply with, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for Shares should inform themselves as to the legal requirements of so applying and any applicable exchange control requirements and taxes in the countries of their nationality, residence or domicile.

Offering Memorandum

A copy of the Offering Memorandum has been lodged with the Registrar of Companies in Malta, in accordance with the requirements of the Prospectus of Collective Investment Schemes Regulations. Applications for the purchase of Shares are accepted only on the basis of the current Offering Memorandum.
Any person relying on the information contained in the Offering Memorandum, which was current at the date shown, should check with the Company that this document is the most current version, and that no revisions or additions have been made nor corrections published to the information contained in the Offering Memorandum since the date shown.
Statements made in the Offering Memorandum, except where otherwise stated, are based on the law and practice currently in force in Malta and are subject to changes therein. Unless otherwise indicated specifically, investment in the Company should be regarded as a long-term investment. Your attention is drawn to the section headed "Risk Factors" of this Offering Memorandum.

Indemnity

By accepting this Disclaimer, you agree to indemnify, defend and otherwise hold harmless TALITI Funds SICAV p.l.c.  its officers, employees, agents, subsidiaries, affiliates and other partners from any direct, indirect, incidental, special, consequential or exemplary damages resulting from:

  1. Your use of this Website
  2. Your breach of the Disclaimer,  policies or documents they incorporates by reference, or Your violation of any law, rules or regulation
  3. Any other matter relating to this Website. Any business transactions which may arise between the Users/Members from their use of this Website are the sole responsibility of the Users/Members involved.
In order to proceed and access more information you must confirm that you have read, fully understood and accept the terms as defined above by clicking the “AGREE” button below.
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Taliti Funds SICAV

Your Professional Investor Fund

Your Professional Investor Fund

Dedicated platform to consulting and financial market experts
or to alternative asset managers.

Dedicated platform to consulting
and financial market experts
or to alternative asset managers.

About us

Taliti Funds SICAV is a collective investment scheme organised as a multi-fund company with variable share capital under the laws of the Republic of Malta with licence number SV 185. The Scheme is licensed by the Malta Financial Services Authority (the “MFSA”) on 2011 as a Professional Investor Fund (“PIF”) which is available to investors qualifying as Qualifying Investors. Taliti Funds SICAV offer you the possibility to rent and customize a compartment for your personal Professional Investor Fund and is addressed to small/medium size asset managers with alternative investment strategies.

Taliti Funds SICAV is a collective investment scheme organised as a multi-fund company with variable share capital under the laws of the Republic of Malta with licence number SV 185. The Scheme is licensed by the Malta Financial Services Authority (the “MFSA”) on 2011 as a Professional Investor Fund (“PIF”) which is available to investors qualifying as Qualifying Investors. Taliti Funds SICAV offer you the possibility to rent and customize a compartment for your personal Professional Investor Fund and is addressed to small/medium size asset managers with alternative investment strategies.

Our Services

We offer you the possibility to rent and customize a compartment for your Professional Investor Fund in our existing SICAV.


Setup

Setup

Design

Design and implementation of the optimal fund structure depending on the client’s requirements (name, type of investors, timeline, investment strategy, choice of service providers, NAV frequency).

Development

Preparation of constitutional and offering documents of the funds and preparation of agreements with fund’s service providers.

We provide for you:

  • Directors
  • Investment Managers
  • Compliance Officer
  • MLRO
  • Administrator
  • Auditor
Licence

Licence application process with the Malta Financial Service Authority.


Ongoing

Ongoing

  • Relation with the supervisory authority
  • Point of contact of all the fund’s service providers
  • Point of contact of fund’s promoter
  • Ongoing Supervision of the fund’s operations and performance

PIF

Professional Investor Funds

Professional Investor Funds


Legal Framework

Legal Framework

Investment Services and fund industries are regulated principally by the Investment Service Act, 1994 and its subsidiary legislation while the Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. The Investment Service Act establishes also the regulatory framework for investment services providers such as portfolio managers, advisors, administrators, brokers and other financial service providers.


Overview

Overview

  • Professional Investor Funds (PIFs) are a special class of collective investment schemes which fall within the provisions of the Investment Services Act, 1994. These funds provide a “lighter” regulatory regime and more flexibility than UCITS and other retail funds but enjoy similar privileges as EU financial vehicles. PIFs are subject to minimal regulation compared to regular investment schemes provided that their only activity is operating as a PIF and does not itself carry out any further investment services licensable activity. A PIF falls under the AIFMD ‘de minimis’ regulation.

    Professional Investor Funds have been extensively used for investment in non-traditional investments and/or specialist instruments including private equity, derivatives, immovable property / real estate, and traded endowment plans.

    • No Investment Restrictions
    • No borrowing or leverage restrictions
    • Lighter regulatory regime
    • More flexibility than retail funds
    • EU Financial Vehicles
    • Used for traditional and non-traditional investment (Real Estate, Private Equity, Alternative Investments)
    • No Custodian Bank obligation
    • Possibility of self-managed scheme
  • In the case of a non-prescribed fund, the fund’s income is exempt from tax in Malta (particular rules apply in the case of Income from immovable property situated in Malta).

    (A Fund is classed as a prescribed fund if is formed under the laws of Malta and if the value of its assets situated in Malta amount to at least 85% of the value of the total assets;)

    For Investors Not Residents in Malta:

    • No Maltese withholding tax on dividends paid to non-residents
    • No Maltese tax on capital gains for non-residents
  • A PIF may be promoted to those individuals or entities which are classified as a Qualifying Investors and satisfy certain eligibility criteria. Minimum Investment € 100'000.

Definitions

Professional Investor Funds (PIFs) are a special class of collective investment schemes which fall within the provisions of the Investment Services Act, 1994. These funds provide a “lighter” regulatory regime and more flexibility than UCITS and other retail funds but enjoy similar privileges as EU financial vehicles. PIFs are subject to minimal regulation compared to regular investment schemes provided that their only activity is operating as a PIF and does not itself carry out any further investment services licensable activity. A PIF falls under the AIFMD ‘de minimis’ regulation.

Professional Investor Funds have been extensively used for investment in non-traditional investments and/or specialist instruments including private equity, derivatives, immovable property / real estate, and traded endowment plans.

Key Factors
  • No Investment Restrictions
  • No borrowing or leverage restrictions
  • Lighter regulatory regime
  • More flexibility than retail funds
  • EU Financial Vehicles
  • Used for traditional and non-traditional investment (Real Estate, Private Equity, Alternative Investments)
  • No Custodian Bank obligation
  • Possibility of self-managed scheme
Taxation of PIF

In the case of a non-prescribed fund, the fund’s income is exempt from tax in Malta (particular rules apply in the case of Income from immovable property situated in Malta).

(A Fund is classed as a prescribed fund if is formed under the laws of Malta and if the value of its assets situated in Malta amount to at least 85% of the value of the total assets;)

For Investors Not Residents in Malta:

  • No Maltese withholding tax on dividends paid to non-residents
  • No Maltese tax on capital gains for non-residents
Investor Profiles

A PIF may be promoted to those individuals or entities which are classified as a Qualifying Investors and satisfy certain eligibility criteria. Minimum Investment € 100'000.


Functionaries and other services


Malta

Malta

The New Frontier of Wealth Management


Malta at a glance

Malta has officially been part of the European Union since 2004 and as a participant in the euro-zone guarantees automatic access to the market within the EU made up of more than 500 million people. Its strategic position enables rapid access from the main financial centres. Its political and economic stability make it possible for the Maltese government actively to support the development of the financial sector as a worldwide centre of excellence. The Maltese financial centre guarantees all the privileges of European membership, including compliance with the standards of European directives and hence the benefits deriving from having a European passport. While guaranteeing all the requirements for monitoring and prudence imposed by membership of the European Union, the Maltese financial sector is extremely accessible, with pro-active and business oriented domestic regulation.

Financial KeyFactors

  • Competitive tax system;
  • Competitive cost;
  • Flexible legal and regulatory environment with a legislative framework in line with EU;
  • An approachable and flexible regulator;
  • Range of financial services available;
  • Major International accountancy firms are present on the island
  • High level of education (specific training in financial services is offered at various education levels);

Application and Licencing process

Application and Licencing process

  • Licence Application

    • Preparation of draft offering document for the fund;
    • MFSA feedback;
    • Communication of the fund's intended activities;
    • Provision of reply to MFSA Queries;
    • If satisfied with the draft documentation provided, MFSA will issue its “in principle” approval subject to licence conditions;
    • Applicant to finalize all outstanding matters and submit full application in final format;
    • Issue of official Licence.
  • Post Licensing

    The Applicant may be required to satisfy all post licensing matters prior to formal commencement of business.

  • Ongoing Supervising

    • Ongoing supervision by the Securitiies & Market Supervision Unit;
    • Day to Day Fund Trading;
    • Periodic NAV issued by the Administrator;
    • Ongoing supervision by the Board of Directors.

    Once the fund is established, changes to the Offering Document must be approved by MFSA.

Phase One
Licence Application
  • Preparation of draft offering document for the fund;
  • MFSA feedback;
  • Communication of the fund's intended activities;
  • Provision of reply to MFSA Queries;
  • If satisfied with the draft documentation provided, MFSA will issue its “in principle” approval subject to licence conditions;
  • Applicant to finalize all outstanding matters and submit full application in final format;
  • Registration of company;
  • Issue of official Licence.
Phase Two
Post Licensing

The Applicant may be required to satisfy all post licensing matters prior to formal commencement of business.

Phase Three
Ongoing Supervising
  • Ongoing supervision by the Securitiies & Market Supervision Unit;
  • Day to Day Fund Trading;
  • Periodic NAV issued by the Administrator;
  • Ongoing supervision by the Board of Directors.

The incorporation of the PIF may also require liaison with the Maltese Registrar of Companies. In the case of a SICAV, the Memorandum and Articles of Association (as approved by the MFSA) together with the relevant supporting documents and the applicable company registration fees will need to be submitted to the Registrar. Once the fund is established. Changes to the Offering Document must be approved by MFSA.

Contact us

For more informations, costs and personalised proposal.

For more informations, costs and personalised proposal.


Taliti Funds Sicav plc - Dun Karm Street, Birkirkara BKR 9037, Malta

Taliti Funds Sicav plc
Dun Karm Street, Birkirkara BKR 9037, Malta

Copyright © 2020 Taliti Funds - All Rights Reserved

Copyright © 2020 Taliti Funds
- All Rights Reserved -