Administrative Measures and Penalties


In terms of article 4(1)(c) of the Malta Financial Services Authority Act, one of the MFSA’s functions is to keep the general public informed of important developments in the sector that it regulates, and to provide the public with relevant information and guidance. Article 16(8) of the Malta Financial Services Authority Act also 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.

Kindly refer to the Publication of Administrative Measures & Penalties Policy which can be accessed here.

 

  Administrative Measures & Penalties issued prior to 2020

JANUARY 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of eight hundred and fifty Euro (€850) on the Investment Service Provider. Business Activity: Alternative Investment Fund Manager in terms of the Investment Services Act (Chapter 370 o ...
JANUARY 17, 2023
The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Mr Brian Tonna can no longer be deemed as being fit and proper and to hold any approved positions. REGULATORY ACTION On 2 December 2022, the MFSA has decided that Mr Brian Tonna can no longer be deemed as b ...
JANUARY 17, 2023
The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Mr Karl Cini can no longer be deemed as being fit and proper and to hold any approved positions. REGULATORY ACTION On 2 December 2022, the MFSA has decided that Mr Karl Cini can no longer be deemed as being ...
DECEMBER 06, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six thousand one hundred Euro (€6,100) on the Retirement Scheme Administrator. Business Activity: Retirement Scheme Administrator in terms of the Retirement Pensions Act (Chapter 51 ...
NOVEMBER 17, 2022
The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Ms Lorraine Falzon can no longer be deemed as being fit and proper and to hold any approved positions. REGULATORY ACTION On 25 October 2022, the MFSA has decided that Ms Lorraine Falzon can no longer be dee ...
NOVEMBER 17, 2022
The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Mr Matthew Pace can no longer be deemed as being fit and proper and to hold any approved positions. REGULATORY ACTION On 25 October 2022, the MFSA has decided that Mr Matthew Pace can no longer be deemed as ...
NOVEMBER 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five thousand one hundred Euro (€5,100) on the Collective Investment Scheme. Business Activity: Collective Investment Scheme in terms of the Investment Services Act (Chapter 370 of ...
NOVEMBER 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand and six hundred Euro (€3,600) on the Collective Investment Scheme. Business Activity: Collective Investment Scheme in terms of the Investment Services Act (Chapter 37 ...
NOVEMBER 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and two hundred Euro (€4,200) on the Investment Service Provider. Business Activity: Fund Administrator in terms of the Investment Services Act (Chapter 370 of the Law ...
NOVEMBER 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand, eight hundred and twenty-five Euro (€3,825) on the Collective Investment Scheme. Business Activity: Collective Investment Scheme in terms of the Investment Services ...