[email protected] plc (“the Financial Institution”)
JULY 02, 2021

The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the Financial Institution.

Address:

[email protected] plc
Regent House,
Suite 45,
Bisazza Street,
Sliema, SLM 1640
MALTA

Business Activity: Financial Institution in terms of the Financial Institutions Act (Chapter 376 of the Laws of Malta).

BREACHES

The Financial Institutions failed to adhere to its obligations in terms of Article 17B of the Financial Institutions Act and Financial Institutions Rule 2 to submit the Audited Financial Statements and the Auditors’ Management Letter within the regulatory deadline.

REGULATORY ACTION

On 30 June 2021, the Malta Financial Services Authority decided to impose an administrative penalty of two thousand Euro (€2,000) on [email protected] plc.

The Malta Financial Services Authority has taken this decision in terms of the powers granted to it under Article 23 of the Financial Institutions Act.

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 23(4) of the Financial Institutions Act.

UPDATE ON 2 AUGUST 2021

The Authority’s decision was not appealed before the Financial Services Tribunal within the period established by law.