Tradinvest International Limited (“the Company”)
DECEMBER 10, 2021

The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand three hundred and seventy-five Euro (€2,375) on the Company.

Address:

Tradinvest International Limited
Lara Buildings, Level 1
Guzeppi Calleja Street
Iklin IKL 1262
Malta                                                                                                  

Business Activity:  Provision of company services in terms of the Company Service Providers Act (Chapter 529 of the Laws of Malta).

BREACHES

The Company failed to adhere to its obligations in terms of Rule 17.02 and Rule 17.03 of the Rules for Company Service Providers (“CSPs”) (the latter applicable until 15 March 2021 prior to the coming into force of the new CSPs Rulebook), to submit the Annual Compliance Return and the Auditor’s Management Letter for the year ended 31 December 2019 within the regulatory deadline.

REGULATORY ACTION

On 6 December 2021, the Malta Financial Services Authority decided to impose an administrative penalty of two thousand three hundred and seventy-five Euro (€2,375) on the Company.

The Malta Financial Services Authority has taken this decision in terms of the powers granted to it under Article 9(1) of the Company Service Providers Act.

It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law.

PUBLICATION

This notice is being published as part of the MFSA’s standard enforcement policy and in terms of Article 16(8) of the MFSA Act.