The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of €2,000 on a De Minimis AIF Manager.

BREACHES

The MFSA determined that the De Minimis AIF Manager has acted in breach of Rule 40 of Section 1 [IV] of Part BIII of the Investment Services Rules for Investment Services Providers due to its failure to submit the Audited Annual Financial Return for the financial year end 2021 in a timely manner.

REGULATORY ACTION

On 7 October 2024, the MFSA decided to impose an administrative penalty of €2,000 on the De Minimis AIF Manager.

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.