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

MAY 07, 2020
The Malta Financial Services Authority decided to proceed with imposing an administrative penalty of twenty-nine thousand six hundred and seventy-five Euro (€29,675). Business Activity: Intermediaries - Insurance Managers List BREACHES The Company failed to adhere to its obligations in te ...
APRIL 11, 2020
The Malta Financial Services Authority (“the Authority”) decided to issue a number of Directives to MPM Capital Investments Limited (“MPM”), a Company holding a Category 2 investment services licence. Address: 76, Valley Road, Birkirkara Malta Business Activity: Investment Servic ...
MARCH 30, 2020
The MFSA decided to proceed with imposing an administrative penalty of twenty-three thousand Euro (€23,000) on the Company in terms of the Insurance Distribution (Penalties and Other Measures) Regulations. This penalty was the highest penalty at the time of the breach which could have been imposed ...
MARCH 23, 2020
The Malta Financial Services Authority (“MFSA” or “Authority”) has decided to cancel the collective investment scheme licence of AIS Capital Management Investment Fund SICAV P.L.C. Address: Smartcity Malta SCM01 Floor 4, Ricasoli Kalkara SCM 1001 Malta Business Activity:  Collec ...
FEBRUARY 18, 2020
The Malta Financial Services Authority (“MFSA”) decided to settle pending matters with the Company due to having acted in breach of a number of provisions of the Insurance Distribution Act, the Insurance Distribution Rules and the Investment Services Rules, which breaches took place during the t ...