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

SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand and two hundred Euro (€3,200) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Article 7(8) of the I ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and four hundred Euro (€2,400) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Section 8.6 of Chapter ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and four hundred Euro (€2,400) on an Insurance Undertaking. ADDRESS: Il-Pjazzetta, Blk A Suite 21A Tower Road Sliema SLIEMA 1607 Malta BREACHES The MFSA det ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and six hundred Euro (€2,600) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Section 8.6 of Chapter ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand Euro (€1,000) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Paragraph 8.10.3 of Chapter 8 of the In ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand two hundred Euro (€2,200) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Article 7(8) of the Insuran ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Section 8.6 of Chapter 8 of the Insuran ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand six hundred Euro (€4,600) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Article 7(8) of the Insura ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand Euro (€1,000) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Article 7(8) of the Insurance Business ...
SEPTEMBER 26, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on an Insurance Undertaking. BREACHES The MFSA determined that the Insurance Undertaking has acted in breach of Section 8.6 of Chapter 8 of the Insuran ...