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

APRIL 30, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the CSP. Business Activity: Company Service Provider BREACHES The MFSA determined that the CSP has acted in breach of Rule 17.07 of the CSP Ruleboo ...
APRIL 30, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the CSP. Business Activity: Company Service Provider BREACHES The MFSA determined that the CSP has acted in breach of Rule 17.07 of the CSP Ruleboo ...
APRIL 30, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on the CSP. Business Activity: Company Service Provider BREACHES The MFSA determined that the CSP has acted in breach of Rule R3-13.3 of the CSP Rulebo ...
APRIL 30, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on the CSP. Business Activity: Company Service Provider BREACHES The MFSA determined that the CSP has acted in breach of Rule 17.07 of the CSP Ruleboo ...
JANUARY 31, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred and fifty Euro (€550) on a Retirement Scheme Administrator. BREACHES The MFSA determined that the Retirement Scheme Administrator has acted in breach of Article 20 o ...
JANUARY 31, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand and fifty Euro (€1,050) on a Registered Investment Manager. BREACHES The MFSA determined that the Registered Investment Manager has acted in breach of Article 20 of ...
JANUARY 31, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred and sixty Euro (€560) on a Retirement Scheme Administrator. BREACHES The MFSA determined that the Retirement Scheme Administrator has acted in breach of Article 20 o ...
JANUARY 29, 2024
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and five hundred Euro (€2,500) on the AIF. BREACHES The MFSA determined that the AIF has acted in breach of SLC 5.06 of Part B of the Investment Services Rules for A ...
JANUARY 29, 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 23, 2024
The Malta Financial Services Authority (“MFSA”) has decided to issue a reprimand against Curmi & Partners Ltd., for the Company’s failure to submit a Personal Questionnaire for the appointment of a Chief Executive Officer within the deadlines stipulated by the MFSA. Address: Finance ...