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

AUGUST 22, 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 ...
AUGUST 01, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with the cancellation of licence of the Company and the issuance of a directive against the Company. Address: Agon Asset Management Limited, Junction Business Centre, 1st Floor, Sqaq Lourdes, St Julians Malta Business ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand two hundred and fifty Euro (€4,250) 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 (targeti ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand two hundred and fifty Euro (€4,250) 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 (targeti ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand five hundred Euro (€3,500) 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 quali ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand seven hundred and fifty Euro (€3,750) 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 (targ ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand and two hundred and fifty Euro (€4,250) on the PIF. BREACHES The MFSA determined that the PIF has acted in breach of SLC 1.64 of Part BII of the Rules for PIFs (tar ...
JULY 06, 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 ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand two hundred and fifty Euro (€4,250) 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 (targeti ...
JULY 06, 2023
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand two hundred and fifty Euro (€4,250) on the PIF. BREACHES The MFSA determined that the PIF has acted in breach of SLC 1.64 of Part BIII of the Rules for PIFs (target ...