The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand and three hundred Euro (€1,300) on the Retail UCITS Scheme.

BREACHES

The MFSA determined that the Retail UCITS Scheme has acted in breach of SLC 1.3 (i) of Appendix II to Part B of the Investment Services Rules for Retail Schemes in view that the Retail UCITS Scheme failed to submit the Director’s Confirmation and the Auditor’s Report (both related to the annual reporting) for the financial year ended 31 December 2021 within the regulatory deadline.

REGULATORY ACTION

On 22 November 2024, the MFSA decided to impose an administrative penalty of one thousand and three hundred Euro (€1,300) on the Retail UCITS Scheme.

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.