As part of its supervisory engagement with the Company, the Malta Financial Services Authority (“MFSA” or the “Authority”) identified certain failures in the Company’s adherence with the Conduct of Business Rulebook and Article 16(2) of the Regulation (EU) 596/2014 on Market Abuse (“MAR”).  Having considered the goodwill demonstrated by the Company, the Authority has agreed to settle all pending matters.

Address:

M.Z. Investment Services Limited
63, MZ House, St Rita Street,
Rabat
RBT1523
Malta

Business Activity: Investment Firm in terms of the Investment Services Act (Cap. 370 of the Laws of Malta)

FINDINGS:

The MFSA determined that the Company failed to safeguard its investors in terms of Rule 1.4.17 (j), Rule 4.1.8 (k) and Rule 4.1.5 of the Conduct of Business Rulebook.

Additionally, the MFSA also found failures in the Company’s compliance with Article 16(2) of the Regulation (EU) 596/2014 on Market Abuse (“MAR”).

MEASURES

On 21 January 2026, the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company. By means of a settlement agreement entered into between the Company and the MFSA, the latter imposed:

[i] An administrative penalty of eighty-eight thousand and two hundred euro (€88,200) for the breaches of the Conduct of Business Rulebook; and

[ii] An administrative penalty of fifteen thousand six hundred and sixty Euro (€15,660) for the breaches committed by the Company under MAR.

PUBLICATION

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