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 Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3(i) of Appendix II to Part B of the In ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3(ii) of Appendix II to Part B of the ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand and one hundred Euro (€1,100) on the Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 12.8 of Part BII of th ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred and fifty Euro (€650) on the Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3(i) of Appendix II to Part B ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand and two hundred Euro (€1,200) on the Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3(i) of Appendix II ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the Retail UCITS Scheme. BREACHES The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3(ii) of Appendix II to Part B of the ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three hundred and seventy-five Euro (€375) on the Recognised Private Collective Investment Scheme. BREACHES The MFSA determined that the Recognised Private Collective Investment ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand, two hundred and fifty Euro (€3,250) on the Recognised Private Collective Investment Scheme. BREACHES The MFSA determined that the Recognised Private Collective In ...
JANUARY 04, 2024
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 Company. BREACHES The MFSA determined that the Company has acted in breach of SLC 6.3 of Part BIII of the Rules for Recognised ...
JANUARY 04, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand and five hundred Euro (€1,500) 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 ...