The Malta Financial Services Authority (“MFSA” or the “Authority”) has been looking into certain matters related to an Investment Services Provider in relation to late submission of regulatory information to the Authority. The Authority has considered the goodwill demonstrated by the Investment Service Provider and agreed to settle all pending matters.

Business Activity: Investment Service Provider

FINDINGS:

The MFSA found failings in respect to:

1. SLC 5.02(i) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Annual Fund Return for the financial period ended 30 June 2022 after the regulatory deadline;
2. SLC 5.02(ii) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Representation Sheet (related to the Annual Fund Return) for the financial period ended 30 June 2022 after the regulatory deadline; and
3. SLC 5.02(iii) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Auditor’s Report (related to the Annual Fund Return) for the financial period ended 30 June 2022 after the regulatory deadline.

MEASURES

On 28 July 2026, the MFSA agreed to settle pending matters with the Investment Services Provider after demonstration of goodwill by the Investment Services Provider. By means of a settlement agreement entered into between the Investment Services Provider and the MFSA, the latter imposed an administrative penalty of one thousand one hundred and seventy Euro (€1,170) on the Investment Services Provider.

PUBLICATION

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