The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand and five hundred Euro (€2,500) on the AIFM.

BREACHES

The MFSA determined that the AIFM has acted in breach of SLC 5.01, SLC 5.02 and SLC 5.02(ii) of Part B of the Investment Services Rules for Notified AIFs. The AIFM failed to submit the NAIF’s Audited Financial Statements and the NAIF’s Representation Sheet (related to the Annual Fund Return) for the financial year ended 31 December 2021 within the regulatory deadline.

REGULATORY ACTION

On 11 September 2024, the MFSA decided to impose an administrative penalty of two thousand and five hundred Euro (€2,500) on the AIFM.

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.