Investors Europe (Malta) Limited

• LiftedMalta Financial Services Authority (MFSA)

  Debarment

  In this state since

  12 Sept 2026

  Designated

  4 Sept 2025

  Reason given

  Investors Europe (Malta) Limited (Previously known as Dolfin Asset Services Limited) (“the Company”) The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one hundred and thirty-thousand-euro (€130,000) and the issuance of a directive on Investors Europe (Malta) Limited for the breaches of the MiFID Rules and the Investment Services Act (Control of Assets) Regulations. Address: Level 1,4 Triq L-Inginieri Valletta VLT 1320 Malta Business Activity: A Class 2 Investment Firm and a depositary of collective investment scheme in terms of the Investment Services Act. BREACHES The MFSA determined that the Company acted in breach of Rule R1-1.8.13, Rule R1-1.5.1.2 and Rule R1-1.5.3.6 of the MiFID Rules and Article 7(11) of the Investment Services Act (Control of Assets) Regulations. REGULATORY ACTION On 4 September 2025 the MFSA decided to proceed with imposing an administrative penalty of one hundred and thirty-thousand-euro (€130,000) for the breaches of R1-1.8.13 of the MiFID Rules and Article 7(11) of the Investment Services Act (Control of Assets) Regulations. The Authority further decided to issue a directive in terms of Article 16 of the MFSA Act and Article 15 of the ISA for the breach of Rule R1-1.5.1.2 and Rule R1-1.5.3.6 of the MiFID Rules: Directing the Company to amend its policies and procedures as requested by the Authority in its Report, in order to have effective systems and procedures in place as per the requirements of the ISA and its Rules within six (6) months from its decision. The Company is in the interim required to report to the MFSA on a monthly basis the progress of the required amendments to its policies and procedures. It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law. 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 13 OCTOBER 2025 The Authority’s decision was appealed before the Financial Services Tribunal within the period established by law. UPDATE ON 3 JUNE 2026 On 3 June 2026 the Authority decided to lift the directives imposed on the Company after careful consideration of all the circumstances of the case, including remedial action adopted by the Company.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn14488)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  14488

• In forceMalta Financial Services Authority (MFSA)

  MiFID

  In this state since

  12 Sept 2026

  Designated

  4 Sept 2025

  Reason given

  Investors Europe (Malta) Limited (Previously known as Dolfin Asset Services Limited) (“the Company”) The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of one hundred and thirty-thousand-euro (€130,000) and the issuance of a directive on Investors Europe (Malta) Limited for the breaches of the MiFID Rules and the Investment Services Act (Control of Assets) Regulations. Address: Level 1,4 Triq L-Inginieri Valletta VLT 1320 Malta Business Activity: A Class 2 Investment Firm and a depositary of collective investment scheme in terms of the Investment Services Act. BREACHES The MFSA determined that the Company acted in breach of Rule R1-1.8.13, Rule R1-1.5.1.2 and Rule R1-1.5.3.6 of the MiFID Rules and Article 7(11) of the Investment Services Act (Control of Assets) Regulations. REGULATORY ACTION On 4 September 2025 the MFSA decided to proceed with imposing an administrative penalty of one hundred and thirty-thousand-euro (€130,000) for the breaches of R1-1.8.13 of the MiFID Rules and Article 7(11) of the Investment Services Act (Control of Assets) Regulations. The Authority further decided to issue a directive in terms of Article 16 of the MFSA Act and Article 15 of the ISA for the breach of Rule R1-1.5.1.2 and Rule R1-1.5.3.6 of the MiFID Rules: Directing the Company to amend its policies and procedures as requested by the Authority in its Report, in order to have effective systems and procedures in place as per the requirements of the ISA and its Rules within six (6) months from its decision. The Company is in the interim required to report to the MFSA on a monthly basis the progress of the required amendments to its policies and procedures. It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law. 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 13 OCTOBER 2025 The Authority’s decision was appealed before the Financial Services Tribunal within the period established by law. UPDATE ON 3 JUNE 2026 On 3 June 2026 the Authority decided to lift the directives imposed on the Company after careful consideration of all the circumstances of the case, including remedial action adopted by the Company.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn14488)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  14488

No ownership verdict was on file for this company on 25 October 2026.

As recorded by the assessment reading taken on 12 September 2026, 19:15 UTC, the newest on or before the date. Only “checked, not found” means a source was read in full and held nothing for the company.

Where the company is registered or connected

• MT: registered here

  No company register for this jurisdiction has been connected to this system, and none has been examined. No register here states who owns its companies.

• Whether each listing was in force is rebuilt from what was recorded here: when it was first read, when a source stopped or resumed carrying it, and when its published term ended. A listing in force at an authority before this system first read it is shown from that first read.
• No ownership verdict is kept for this company. Verdicts are kept for companies registered where shareholders are read here: Estonia, Latvia and Poland.

For each source behind this file, the newest read made on or before the date: the version of it that stood.

• ESMA Sanctions Register

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 845 records read.

Taken

12 September 2026, 19:15 UTC

Methodology

Version 4

Level

Medium

Score recorded

65 of 100

Digest

0985ae335d9e8fffe17411997adb0aaa3b87428cA fingerprint of everything the reading says. The same reading always has this digest, and any change in it gives another.

Reading id

8d0d6ac2-8f7f-4dce-a876-f7429a89db4d

Address

https://apolika.com/entities/4449c03a-c6ff-4254-96a1-60f5994098ab/evidence?as_of=2026-10-25The same address gives the same day's file tomorrow. What was recorded after the date is not in it.

As data

https://apolika.com/api/entities/4449c03a-c6ff-4254-96a1-60f5994098ab/evidence?as_of=2026-10-25T01%3A45%3A14.590Z

Made

25 October 2026, 01:45 UTC