meta_id 3126216

On May 5, 2026, the Malta Financial Services Authority (MFSA) published a settlement notice regarding an Investment Services Firm (Ref: 2026-18) that had failed to submit regulatory information on time. The MFSA identified multiple breaches of the Investment Services Rules for Investment Services Providers Part BI, which applies to Investment Services Licence Holders that qualify as Markets in Financial Instruments Directive (MiFID) firms. The violations included late submission of audited annual financial statements, auditors' management letters, auditors' reports, auditors' confirmations, and MiFID Firms Quarterly Reporting with audited figures for prudential supervision for the financial years ending December 31, 2022 and December 31, 2023. The firm also failed to timely submit quarterly reporting for Q2 (Classes 2 and 3) and Annex III documentation for Q4 (Class 3) for both reporting periods. Additionally, the firm did not submit supervisory fee calculations signed by two Directors and the auditor, or signed confirmations tabs as required. On February 25, 2026, following a demonstration of goodwill by the Investment Services Firm, the MFSA agreed to settle all pending matters through a settlement agreement. The Authority imposed an administrative penalty of €20,776 on the firm. The settlement was published in accordance with the MFSA's Settlement Policy, which governs the resolution of regulatory breaches through agreed settlements rather than formal enforcement proceedings. This settlement underscores the MFSA's expectation that MiFID firms maintain timely compliance with reporting obligations and demonstrates the Authority's willingness to resolve matters where firms demonstrate remedial commitment.