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

Business Activity: Company Service Provider

FINDINGS:

The MFSA found failings in respect to:

1. Rule R3-13.3 and Annex 1 of the CSP Rulebook wherein the Company Service Provider submitted the Audited Financial Statements for the financial year ending 31 December 2022 after the regulatory deadline;
2. Rule R3-13.3 and Annex 1 of the CSP Rulebook wherein the Company Service Provider failed to submit the Management Letter for the financial year ending 31 December 2022;
3. Rule R3-13.2 and Annex 1 of the CSP Rulebook wherein the Company Service Provider submitted the Annual Compliance Return for the financial year ending 31 December 2023 after the regulatory deadline;
4. Rule R3-13.3 and Annex 1 of the CSP Rulebook wherein the Company Service Provider failed to submit the Management Letter for the financial year ending 31 December 2023.

MEASURES

On 3 September 2026, the MFSA agreed to settle pending matters with the Company Service Provider after demonstration of goodwill by the Company Service Provider. By means of a settlement agreement entered into between the Company Service Provider and the MFSA, the latter imposed an administrative penalty of three thousand six hundred and forty-eight Euro (€3,648) on the Company Service Provider.

PUBLICATION

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