The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand four hundred and forty Euro (€1,440) on the CSP.

Business Activity: Company Service Provider

FINDINGS

The MFSA determined that the CSP has acted in breach of Rule R3-13.6 of the CSP Rulebook in view that the CSP failed to submit the Statement of Solvency for financial year ended 2021 within the regulatory deadline.

MEASURES

On 29 September 2025, the MFSA agreed to settle pending matters with the CSP after demonstration of goodwill by the CSP. By means of a settlement agreement entered into between the CSP and the MFSA, the latter imposed an administrative penalty of one thousand four hundred and forty Euro (€1,440) on the CSP.

PUBLICATION

This notice is being published in terms of the Authority’s Settlement Policy.