The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of twenty-one thousand and five hundred euro (€21,500) on an Issuer.

BREACHES

The MFSA determined that the Issuer has acted in breach of Rule 4.22 of the Capital Markets Wholesale Securities Markets Rules.

REGULATORY ACTION

On 3 May 2024 the MFSA decided to impose an administrative penalty of twenty-one thousand and five hundred euro (€21,500) on the Issuer.

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 28 AUGUST 2024

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