The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of twenty-three thousand and five hundred Euro (€23,500) on the PDMR.

Business Activity: Requirement to submit PDMR notifications under the Regulation (EU) 596/2014 on Market Abuse (“MAR”).

BREACHES

The MFSA determined that the PDMR has failed to act in terms of the obligation stipulated under Article 19(1) of MAR.

REGULATORY ACTION

On 1 July 2025, the MFSA decided to impose an administrative penalty of twenty-three thousand and five hundred Euro (€23,500) on the PDMR.

PUBLICATION

This notice is being published in terms of Article 16(8) of the Malta Financial Services Authority Act and the MFSA’s Publication Policy.