Alpha Value Funds SICAV plc (“the Company”)
NOVEMBER 02, 2022

The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand, eight hundred and twenty-five Euro (€3,825) on the Company.

Address:

Alpha Value Funds SICAV plc
Cornerstone Complex,
Suite A, Level 1,
16th September Square,
Mosta MST 1180,
Malta

Business Activity: Collective Investment Scheme in terms of the Investment Services Act (Chapter 370 of the Laws of Malta).

BREACHES

The Company failed to adhere to its obligations in terms of SLCs 3.38,  5.06 and 5.09 of Part B of the Rules for Alternative Investment Funds, to submit the Annual Report (the latter including the Audited Financial Statements), the Auditor’s Management Letter and the Custodian’s Report for the year ended 31 December 2019, within the regulatory deadline.

REGULATORY ACTION

On 28 October 2022, the Malta Financial Services Authority decided to impose an administrative penalty of three thousand, eight hundred and twenty-five Euro (€3,825) on the Company.

The Malta Financial Services Authority has taken this decision in terms of the powers granted to it under Article 16 A.(1) of the Investment Services Act.

It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law.

PUBLICATION

This notice is being published as part of the MFSA’s standard enforcement policy and in terms of Article 16(8) of the MFSA Act and Article 16A.(4) of the Investment Services Act.