The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of €10, 750 (Ten thousand, seven hundred and fifty euro) on an Investment Firm

BREACHES

The MFSA determined that the Investment Firm has acted in breach of:

• R1-2.2.1 of Part B1 Rules for Investment Services Providers – Failure to submit the Audited Annual Financial Statements
• R1-2.2.1 of Part B1 Rules for Investment Services Providers – Failure to submit the Auditor’s Management Letter
• R1-2.2.1 of Part B1 Rules for Investment Services Providers -Failure to submit the Auditor’s Report
• R1-2.2.1 of Part B1 Rules for Investment Services Providers- Failure to submit the Auditor’s confirmation
• R1-2.2.1 of Part B1 Rules for Investment Services Providers- Failure to submit the soft and hard copies of MiFID Firms Quarterly Reporting with audited figures for the section pertaining to Prudential Supervision (Q4)
• R1-2.2.1 of Part B1 Rules for Investment Services Providers- Failure to submit the supervisory fee calculation from the MiFID Firms quarterly reporting signed by two directors and the auditor
• R1-2.2.1 of Part B1 Rules for Investment Services Providers – Failure the submit a signed copy of the confirmations tab of the MiFID Firms quarterly reporting
• R1-2.2.1 of Part B1 Rules for Investment Services Providers- Copy of the report of factual findings in connection to circularisation exercise

REGULATORY ACTION

On 28 July 2025 the MFSA decided to impose an administrative penalty of €10, 750 (Ten thousand, seven hundred and fifty euro) on the Investment Firm.

PUBLICATION

This notice is being published in terms of Article 16(8) of the Malta Financial Services Authority Act and the MFSA’s Publication Policy.