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

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 ...
NOVEMBER 02, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and four hundred Euro (€4,400) on the Investment Service Provider. Business Activity: Investment Manager in terms of the Investment Services Act (Chapter 370 of the La ...
SEPTEMBER 05, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with the removal of the Scheme from the list of Notified AIFs and the issuance of a directive against the Scheme. Address: Italico Future Invest SICAV plc 259, St Paul Street, Valletta VLT 1213 Malta Business Activity ...
JULY 27, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with the cancellation of licence and the issuance of a directive against the Scheme. Address: Resco Funds SICAV plc (SV 140) 168 St Christopher Street Valletta VLT1467 Malta Business Activity: Professional Investor ...
JUNE 28, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of eleven thousand Euro (€11,000) on the Retirement Scheme Administrator. Business Activity: Retirement Scheme Administrator in terms of the Retirement Pensions Act (Chapter 514 of the ...
JUNE 28, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of fourteen thousand, four hundred and seventy-five Euro (€14,475) on the Company. Address: Atom Trustees Ltd Suite 5, Level 3, Fafner House, National Road, Blata l-Bajda, Hamrun ...
JUNE 10, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and five hundred Euro (€4,500) on the Company. Address: RiskCap International Limited Floor 6, Airways House, Gaiety Lane, Sliema, SLM 1549, Malta Business Ac ...
APRIL 12, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of eleven thousand Euro (€11,000) on the Retirement Scheme Administrator. Business Activity: Retirement Scheme Administrator in terms of the Retirement Pensions Act, (Chapter 514 of th ...
APRIL 12, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six thousand nine hundred and fifty Euro (€6,950) on the Retirement Scheme Administrator. Business Activity: Retirement Scheme Administrator in terms of the Retirement Pensions Act, ...
MARCH 28, 2022
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six thousand, three hundred and twenty euro (€6,320) on the PDMR. Business Activity: Requirement to submit PDMR notifications under the Regulation (EU) 596/2014 on Market Abuse (“ ...