The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of four thousand five hundred and fifty Euro (€4,550) on the Investment Firm.

BREACHES

The MFSA determined that the Investment Firm has acted in breach of Rule 1 – 2.2.1 Investment Services Rulebook and Rule 4.1.25(a) of the Conduct for Business Rulebook. The Investment Firm failed to submit the MIFREP Quarterly Return Q4, the audited accounts, the auditor’s report and the management letter for financial year ended 31 December 2021 within the regulatory deadline.

REGULATORY ACTION

On 1 November 2024, the MFSA decided to impose an administrative penalty of four thousand five hundred and fifty Euro (€4,550) 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.