meta_id 3347785

On July 23, 2026, the Malta Financial Services Authority (MFSA) announced a settlement with a Collective Investment Scheme (Ref: 2026-27) regarding late submission of regulatory information. The MFSA identified multiple breaches of the Investment Services Rules for Retail Schemes related to the financial year ended December 31, 2023. The Authority found failings across several regulatory requirements. These included late submission of the Annual Report, Audited Financial Statements, Self-Assessment Certificate, and Financial Derivative Instruments Report under SLC 12.8 of Part BII of the Investment Services Rules for Retail Schemes. Additional breaches involved late submission of the Annual Fund Return, Representation Sheet, and Auditor's Report under SLC 12.8(i)(ii)(iii); the Auditor's Management Letter under SLC 16.17; the Custodian's Report under SLC 2.12 of Appendix II to Part B; and the Auditor's Report and Director's Confirmation related to the Annual Report under SLC 1.3 and SLC 1.3(i) of Appendix II to Part B of the Investment Services Rules for Retail Schemes. Following demonstration of goodwill by the Collective Investment Scheme, the MFSA agreed to settle all pending matters through a settlement agreement. The Authority imposed an administrative penalty of €3,900 on the scheme. The MFSA published this notice in accordance with its Settlement Policy, which governs the resolution of regulatory breaches through negotiated settlements. This action reflects the Authority's approach to enforcement, balancing regulatory compliance with recognition of cooperative conduct by regulated entities.