The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of two thousand Euro (€2,000) on the AIFM.

BREACHES

The MFSA determined that the AIFM has acted in breach of SLC 11.36 of Part BIII of the Rules for Investment Services Providers in view that the AIFM failed to submit the NAIF’s Audited Financial Statements for the 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 two thousand Euro (€2,000) on the AIFM.

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.

UPDATE ON 31 OCTOBER 2024

The Authority’s decision was not appealed before the Financial Services Tribunal within the period established by law.