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

Address:

KA Finance plc,
Project Technik,
Canon Road,
Qormi, QRM 9032

Business Activity: Admitted to Prospects MTF (Multilateral Trading Facility operated by the Malta Stock Exchange)

FINDINGS:

The MFSA’s investigation found failings in respect of:

1. Article 18(1) of MAR for failing to observe the requirements relating to the drawing up and updating of the Insiders List at all times;
2. Article 18(2) of MAR for failing to adhere to its obligation to inform insiders (in particular temporary insiders) of their obligations;
3. Article 18(4) of MAR for failing to observe the requirements relating to the updating of the Insiders List promptly, including the date of the update, as per the circumstances included in the same paragraph;
4. Article 18(5) of MAR for failing to observe the requirements relating to the retention of Insiders List; and
5. Article 19(5) of MAR for failing to adhere to its obligation to inform PDMRs of their obligations as well as to draw up a list of PDMRs and PCAs.

MEASURES

On 20 June 2025, the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company, which has implemented remedial measures within a short period of time by strengthening its internal controls and procedures. By means of a settlement agreement entered into between the Company and the MFSA, the latter imposed an administrative penalty of thirty thousand six hundred Euro (€30,600) on KA Finance plc.

PUBLICATION

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