meta_id 3413301

On August 18, 2026, the Malta Financial Services Authority (MFSA) published notice of a settlement agreement with an Investment Services Provider regarding late and non-submitted regulatory filings. The MFSA had been investigating the provider's failure to submit required documentation to the Authority in a timely manner. Following demonstration of goodwill by the Investment Services Provider, the MFSA agreed to settle all pending matters on August 11, 2026. The MFSA identified breaches of SLC 5.02 of Part B of the Investment Services Rules for Notified Alternative Investment Funds (AIFs). These breaches included the late submission of Audited Financial Statements for the financial year ended December 31, 2022, and the non-submission of the Annual Report (including Audited Financial Statements) for the financial year ended December 31, 2023. The provider also failed to submit the Annual Fund Return, Representation Sheet, and Auditor's Report for both financial years as required. These documents are essential regulatory filings that enable the MFSA to monitor compliance and assess the financial health of notified AIFs operating in Malta. Under the settlement agreement, the MFSA imposed an administrative penalty of €6,712.50 on the Investment Services Provider. The settlement demonstrates the MFSA's enforcement approach, which balances supervisory effectiveness with recognition of corrective actions taken by regulated entities. The publication of this notice aligns with the MFSA's Settlement Policy, which requires disclosure of enforcement actions to maintain transparency and promote compliance across the regulated sector. REFERENCES: Malta Financial Services Authority. (August 18, 2026). Investment Services Provider – Ref: 2026-30. Retrieved from https://www.mfsa.mt/