The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of six hundred Euro (€600) on a Recognised Fund Administrator.

BREACHES

The MFSA determined that the Recognised Fund Administrator has acted in breach of Standard Licence Condition 5.2(ii) of Part BI of the Investment Services Rules for Recognised Persons due to its failure to submit the Auditor’s Report in a timely manner.

REGULATORY ACTION

On 16 April 2025, the MFSA decided to impose an administrative penalty of six hundred Euro (€600) on the Recognised Fund Administrator.

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.