Article 16(8) of the Malta Financial Services Authority Act provides that any administrative or disciplinary sanction or measure, of whatever type, including reprimands or warnings, imposed or decided by the Authority under any law for whose administration it is responsible, shall be published in such medium and in such manner and for such duration as may be deemed warranted by the circumstances and the nature and seriousness of the breach or wrongdoing.
The Protection of the Whistleblower Act (CAP. 527) aims to provide a framework for the protection of persons who expose improper practices such as misconduct and, or dishonest or illegal activity in an organisation. These persons are considered as “Whistleblowers”. Whistleblowing is therefore the disclosure by a person of information regarding improper practices in an organisation.
The Malta Financial Services Authority (MFSA) encourages people to report to it potential or actual breaches, committed by credit institutions and investment firms that fall within the scope of the Markets in Financial Instruments Directive – Directive 2004/39/EC.