The Malta Financial Services Authority (“MFSA” or the “Authority”) has been looking into certain matters related to the Company in relation to failings which occurred during the period from 2017 to 2019 and which resulted from the Authority’s supervisory engagement with the Company. The Authority has considered the goodwill demonstrated by the Company and agreed to settle all pending matters.

Address:

Skyway Offices, Block C, Office 8
179, Marina Street
Pieta’ PTA 9042
Malta

Business Activity: Alternative Investment Fund Manager

FINDINGS:

The MFSA found, during the period between 2017 to 2019, certain shortcomings on the Company’s adherence to the Article 18 of the Commission Delegated Regulation (EU) No.231/2013 and SLC 2.08, SLC 2.32, SLC 3.01, SLC 3.03 and SLC 3.08 of Part BIII of the Investment Services Rules applicable to Investment Services Licence Holders which qualify as Alternative Investment Fund Managers.

MEASURES

On 22 October 2024, the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company. By means of a settlement agreement entered into between the Company and the MFSA, the latter imposed an administrative penalty of twenty-nine thousand, two hundred and fifty Euro (€29,250) on the Company.

PUBLICATION

This notice is being published in terms of the Authority’s Settlement Policy.