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

APRIL 22, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on a Recognised Fund Administrator. BREACHES The MFSA determined that the Recognised Fund Administrator has acted in breach of Standard Licence Condition ...
APRIL 17, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of ten thousand and two hundred Euro (€10,200) on the Trustee. BREACHES The MFSA determined that the Trustee has acted in breach of Regulation 3(1) of the Trusts and Trustees Act (R ...
APRIL 17, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand (€2,000) on the Trustee. BREACHES The MFSA determined that the Trustee has acted in breach of Regulation 5(1) of the Trusts and Trustees Act (Register of Beneficial ...
APRIL 16, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one thousand Euro (€1,000) on an Insurance Principal. BREACHES The MFSA determined that the Insurance Principal has acted in breach of Paragraph 8.10.3 of Chapter 8 of the Insura ...
APRIL 16, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the Professional Investor Fund. BREACHES The MFSA determined that the Professional Investor Fund has acted in breach of SLC 4.1 of Appendix I to the ...
MARCH 24, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of seven thousand and fifty Euro (€7,050) on a Financial Institution. BREACHES The MFSA determined that the Financial Institution has acted in breach of Article 17b of the Financial ...
MARCH 24, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred and fifty Euro (€650) on a Financial Institution. BREACHES The MFSA determined that the Financial Institution has acted in breach of Paragraph 35 of the Financial Ins ...
MARCH 24, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on a Financial Institution. BREACHES The MFSA determined that the Financial Institution has acted in breach of Paragraph 35 of the Financial Institutions ...
MARCH 24, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of five hundred Euro (€500) on a Financial Institution. BREACHES The MFSA determined that the Financial Institution has acted in breach of Paragraph 35 of the Financial Institutions ...
MARCH 05, 2025
The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of seven hundred Euro (€700) on the CSP. BREACHES The MFSA determined that the CSP has acted in breach of Rule 3 – 13.3 and Annex 3 of the Company Service Providers Rulebook in vi ...