The Malta Financial Services Authority (“MFSA” or the “Authority”) has been looking into certain matters related to an Investment Services Provider in relation to late submission of regulatory information to the Authority. The Authority has considered the goodwill demonstrated by the Investment Service Provider and agreed to settle all pending matters.

Business Activity: Investment Services Provider

FINDINGS:

The MFSA found failings in respect to:

1. SLC 5.01 and SLC 5.02 of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Audited Financial Statements for the financial year ended 31 December 2021 after the regulatory deadline;
2. SLC 5.02(i) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Annual Fund Return for the financial year ended 31 December 2021 after the regulatory deadline;
3. SLC 5.02(ii) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Representation Sheet (related to the Annual Fund Return) for the financial year ended 31 December 2021 after the regulatory deadline; and
4. SLC 5.02 (iii) of Part B of the Investment Services Rules for Notified AIFs wherein the Investment Services Provider submitted the Auditor’s Report (related to the Annual Fund Return) for the financial year ended 31 December 2021 after the regulatory deadline.

MEASURES

On 15 April 2025, the MFSA agreed to settle pending matters with the Investment Services Provider after demonstration of goodwill by the Investment Services Provider. By means of a settlement agreement entered into between the Investment Services Provider and the MFSA, the latter imposed an administrative penalty of two thousand, four hundred and fifty Euro (€ 2,450) on the Investment Services Provider.

PUBLICATION

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