meta_id 3162135

On May 6, 2026, the Malta Financial Services Authority (MFSA) imposed an administrative penalty of €192,000 on Fair-Finance Asset Management Limited, a UCITs (Undertakings for Collective Investment in Transferable Securities) Manager and Alternative Investment Funds (AIFs) Manager based in Birkirkara, Malta. The MFSA determined that Fair-Finance Asset Management Limited breached multiple regulatory requirements. The company failed to inform the MFSA of material information immediately upon becoming aware of matters, in violation of SLC 1.10(k) of Part BII and SLC 1.17(m) of Part BIII of the Investment Services Rules. Additionally, the company failed to cooperate in an open and honest manner with the Authority, breaching SLC 1.14 of Part BIII and SLC 1.07 of Part BII of the Investment Services Rules. The MFSA also found that Fair-Finance Asset Management Limited improperly calculated and reported the Net Asset Value (NAV) of funds under its management, violating Article 20(3) in connection with Article 19(10) of the Alternative Investment Fund Managers Directive (2011/61/EU) and SLC 2.32 of Part BIII of the Investment Services Rules. Furthermore, the company failed to submit the Fund's Annual Report by its regulatory deadline, breaching Article 12(1) of the European Venture Capital Funds Regulation (EuVECA Regulation) and SLC 7.03 of Part BIII of the Investment Services Rules. Fair-Finance Asset Management Limited may appeal the MFSA's decision before the Financial Services Tribunal within the period prescribed by applicable law. The MFSA published this notice in accordance with Article 16(8) of the Malta Financial Services Authority Act and the MFSA's Publication Policy.