The Malta Financial Services Authority (‘MFSA’ or the ‘Authority’) has been looking into certain matters related to the Fund Manager in relation to failings which resulted from the Authority’s supervisory engagement with the Fund Manager. The Authority has considered the goodwill demonstrated by the Fund Manager and agreed to settle all pending matters.

Business Activity: Fund Manager licensed in terms of the Investment Services Act (‘ISA’).

FINDINGS:

The MFSA’s investigation found failings in respect of the timely submission of the Audited Annual Financial Return as required by Rule 6.22 of Part BIII of the Rules for AIFMs; as well as the Annual Report, the Audited Financial Statements, the Auditor’s Management Letter, and the Auditor’s Assurance Report, as required by Rule 6.24 of Part BIII of the Rules for AIFMs, for the financial year ending 31 December 2024.

MEASURES

On 30 April 2026, the MFSA agreed to settle pending matters with the Fund Manager after demonstration of goodwill. By means of a settlement agreement entered into between the Fund Manager and the MFSA, the Authority imposed an administrative penalty of three thousand, six hundred Euro (€3,600) on the Fund Manager.

PUBLICATION

This notice is being published in terms of the Authority’s Settlement Policy.