The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six thousand and three hundred Euro (€6,300) on the Retail UCITS Scheme.

BREACHES

The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 12.8, SLC 12.8 (i)(ii)(ii), and SLC 16.17 of Part BII of the Investment Services Rules for Retail Schemes, as well as SLC 2.12 and SLC 1.3(i) of Appendix II to Part B of the Investment Services Rules for Retail Schemes as it failed to submit the Annual Report (including the Audited Financial Statements), Self-Assessment Certificate, Annual Fund Return, Representation Sheet and Auditor’s Report (both related to the Annual Fund Return), Auditor’s Management Letter, Custodian’s Report, Auditor’s Report and Director’s Confirmation (both related to the Annual Report) for the financial year ended 31 December 2023 within the regulatory deadline.

REGULATORY ACTION

On 10 July 2026, the MFSA decided to impose an administrative penalty of six thousand and three hundred Euro (€6,300) on the Retail UCITS Scheme.

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.