The Malta Financial Services Authority (“MFSA” or the “Authority”) has been looking into certain matters related to a Professional Investor Fund with respect to the late submission of regulatory information to the Authority. The Authority has considered the goodwill demonstrated by the Professional Investor Fund and agreed to settle all pending matters.

Business Activity: Professional Investor Fund

FINDINGS:

The MFSA found failings in respect to SLCs 1.38 and 1.62 Part BII of the Investment Services Rules for PIFs as well as SLC 4.1 of Appendix 1 to Part B of the Rules for PIFs with respect to the late or non-submission of the Audited Financial Statements, Management Letter, Auditor’s Confirmation, Annual Fund Return, Fund Return Representation Sheet and Auditor’s Report on the Annual Fund Return for financial year ended 31 December 2021.

MEASURES

On 28 October 2025, the MFSA agreed to settle pending matters with the Professional Investor Fund after demonstration of goodwill by the Professional Investor Fund. By means of a settlement agreement entered into between the Professional Investor Fund and the MFSA, the latter imposed an administrative penalty of three thousand nine hundred and ninety Euro (€3,990) on the Professional Investor Fund.

PUBLICATION

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