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 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on the AIF. BREACHES The MFSA determined that the AIF has acted in breach of SLC 5.09 of Part B of the Investment Services Rules for Alternative Investmen ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the Trustee. BREACHES The MFSA determined that the Trustee has failed to adhere to its obligations in terms of Regulation 5(2) of the Trusts and Tru ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and four hundred Euro (€2,400) on the AIFM. BREACHES The MFSA determined that the AIFM has acted in breach of SLC 11.36 of Part BIII of the Rules for Investment Serv ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and eight hundred Euro (€4,800) on the AIFM. BREACHES The MFSA determined that the AIFM has acted in breach of SLC 11.36 of Part BIII of the Rules for Investment Se ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the AIFM. BREACHES The MFSA determined that the AIFM has acted in breach of SLC 11.36 of Part BIII of the Rules for Investment Services Providers in ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Retirement Scheme Administrator. BREACHES The MFSA determined that the Retirement Scheme Administrator has acted in breach of Article 20 of the Re ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on an Investment Services Firm. BREACHES The MFSA determined that the Investment Services Firm has acted in breach of Rule 4.1.25(a) of the Conduct of Bus ...
DECEMBER 19, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on an Investment Services Firm. BREACHES The MFSA determined that the Investment Services Firm has acted in breach of Rule 4.1.25(a) of the Conduct of Bu ...
NOVEMBER 07, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand five hundred Euro (€2,500) on the PIF. BREACHES The MFSA determined that the PIF has acted in breach of SLC 1.62 of Part BII of the Rules for PIFs (targeting qualify ...
OCTOBER 09, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with the removal of the Scheme and its sole Sub-Fund from the MFSA’s List of Notified Alternative Investment Funds (“NAIFs”) in terms of Article 6(9) of the Investment Services Act (List of Notified AIFs) Regulations. Mo ...