Administrative Measures and Penalties


In terms of article 4(1)(c) of the Malta Financial Services Authority Act, one of the MFSA’s functions is to keep the general public informed of important developments in the sector that it regulates, and to provide the public with relevant information and guidance. Article 16(8) of the Malta Financial Services Authority Act also provides that:

Any administrative or disciplinary sanction or measure, of whatever type, including reprimands or warnings, imposed or decided by the Authority under any law for whose administration it is responsible, shall be published in such medium and in such manner and for such duration as may be deemed warranted by the circumstances and the nature and seriousness of the breach or wrongdoing.

Kindly refer to the Publication of Administrative Measures & Penalties Policy which can be accessed here.

 

  Administrative Measures & Penalties issued prior to 2020

JUNE 19, 2020
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of fifteen thousand Euro (€15,000) on the Company. Address: Suite 10, 189 Marina Suites, Marina Street, Pieta’ PTA 9041 Malta Business Activity: authorised to act as a Trust ...
JUNE 12, 2020
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five thousand Euro (€5,000). Business Activity: Retirement Scheme Administrators BREACHES The Company failed to adhere to its obligations in terms of Article 46(1) of the Reti ...
JUNE 12, 2020
The Malta Financial Services Authority (‘MFSA’) decided to impose an administrative penalty of five thousand Euro (€5,000) on the Occupational Retirement Scheme. Business Activity: Occupational Retirement Schemes - Cross border activities: IORP regulated in Malta accepting sponsorship from ...
JUNE 12, 2020
The Malta Financial Services Authority (“MFSA” or “Authority”) cancelled, on regulatory grounds, the Collective Investment Scheme Licence of MCM Global Opportunities Fund SICAV plc, including the Licence granted to its only Sub-Fund, namely Global Equity Opportunities Fund. Address: Vi ...
JUNE 12, 2020
The Malta Financial Services Authority (“MFSA” or “Authority”) cancelled, on regulatory grounds, the Category 2 Investment Services Licence of Malta Capital Management Ltd. Address: Level 3, 6 Market Street, Floriana FRN 1082 Business Activity:  De Minimis Alternative Investment ...
JUNE 12, 2020
The MFSA decided to proceed with the cancellation of the Company’s Alternative Investment Fund Manager Licence. Following the suspension of the Company’s licence by the MFSA in May 2018, it remained in breach of the Standard Licence Conditions of Part BIII of the Investment Services Rules for In ...
JUNE 08, 2020
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing a notional administrative penalty of €475,192 in accordance with the law due to serious regulatory breaches of the Insurance Business Act Chapter 403 of the Laws of Malta and the MFSA Act, Chapter 330 of the Laws ...
MAY 19, 2020
The MFSA decided to proceed with the cancellation of the Collective Investment Scheme Licence of the Scheme, including the Licence granted to its remaining five Sub-Funds, namely Sub-Fund A - Global Managed Futures, Sub-Fund B - Equity Hedged, Sub-Fund C - High Leverage Managed Futures, Sub-Fund I - ...
MAY 11, 2020
The Malta Financial Services Authority has issued a number of directives to RES Malta Ltd. as a consequence of the regulatory action taken against Dr. Christian Ellul and Mr. Karl Schranz on 8 May 2020. Address: Palace Court, Church Street, St. Julians STJ3049 Malta Business Activity: re ...
MAY 11, 2020
The Malta Financial Services Authority issued a number of directives to Solv International Ltd. as a consequence of the regulatory action taken against Dr. Christian Ellul and Mr. Karl Schranz on 8 May Address: 2, Spinola road, St. Julians STJ3014 Malta Business Activity: authorised to a ...