The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of three thousand and six hundred Euro (€3,600) on the Investment Firm.

BREACHES

The MFSA determined that the Investment Firm has acted in breach of Rule 1 – 2.2.1 of the Investment Services Rulebook for Investment Services Providers B1. The Investment Firm failed to submit the Audited Financial Statements, the Auditors Report, and the Auditors Management Letter for 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 three thousand and six hundred Euro (€3,600) on the Investment Firm.

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.