BANK OF VALLETTA PLC

• LiftedMalta Financial Services Authority (MFSA)

  Debarment

  In this state since

  12 Sept 2026

  Designated

  5 Jan 2012

  Reason given

  On 28 December 2011, the MFSA imposed an administrative penalty of €175,174 on Bank of Valetta plc in terms of article 16A of the Investment Services Act. Bank of Valletta plc was found to be in breach of a number of provisions of the Investment Services Guidelines applicable for transactions effected prior to 1 November 2007 as well as the Investment Services Rules applicable for transactions effected after the 1 November 2007 as follows: [I] failure to act with the level of care and diligence required of licence holders in order to ensure that the investment advice or portfolio management service provided is appropriate and suitable given the customer’s particular circumstances; [II] failure to take all reasonable steps to ensure that a client or potential client has sufficient information which he is able to understand to enable him to take informed investment decisions; [III] failure to obtain and record the personal and financial information necessary to make appropriate recommendations or investment decisions; and [IV] failure to maintain sufficient records. The said breaches relate to transactions in respect of certain securities sold to investors, including perpetuals and other preferred securities issued by Lehman Bros, Royal Bank of Scotland, HBOS and others. This notice is being published in terms of the powers vested in the MFSA under the Malta Financial Services Authority Act. Bank of Valletta has a right to appeal from this decision up to the 26 January 2012.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1002)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1002

• In forceMalta Financial Services Authority (MFSA)

  Debarment

  In this state since

  12 Sept 2026

  Designated

  4 Jun 2012

  Reason given

  With effect from 1st June 2012, the Malta Financial Services Authority imposed an administrative penalty of €203,150 on Bank of Valletta, under the provisions of article 16A of the Investment Services Act. The Authority’s investigation, into Bank of Valletta’s sales practices in relation to the selling of units in the La Valette Multi-Manager Property Fund to investors, determined that in various instances Bank of Valletta had failed to act in the best interest of investors, as required in terms of the applicable regulatory framework. The following is a summary of the Authority’s findings and conclusions: Disclosure to Clients: There were various instances where investors interviewed by the Authority stated that Bank of Valletta’s officials had not provided them with adequate information or explanations about the La Valette Multi-Manager Property Fund. Nor were the implications of signing the experienced investor declaration form sufficiently well explained. Moreover, nearly all investors interviewed by the Authority as part of the investigation stated that they were not offered a copy of the prospectus of the La Valette Multi-Manager Property Fund. Suitability: The La Valette Multi-Manager Property Fund is an unsuitable product for unsophisticated retail investors or investors having a cautious risk profile. The Authority’s findings show that there were instances where the La Valette Multi-Manager Property Fund was sold to investors with a cautious risk profile. Several advisory clients had material over-exposure to the La Valette Multi-Manager Property Fund compared with Bank of Valletta’s internal guidance, but there was no record made of the rationale for this exposure. The Authority carried out an investigation to verify amongst other things the nature of the advisory investors. Bank of Valletta appears to have regarded many of these investors as experienced investors solely based on their self-declaration. In several cases, there was no evidence that Bank of Valletta made any effort to verify the validity of the self-declaration made by these investors. On this basis, the Authority has concluded that on a number of occasions Bank of Valletta’s advisors did not take reasonable steps to ensure that these advisory clients were indeed experienced investors before advising them to invest in the La Valette Multi-Manager Property Fund. Client Fact-Finds: The Authority has also found instances in which advisory investors’ client fact-finds were not updated or did not contain information which corroborated the experienced investor declaration. In some instances, advisory investors’ client fact-finds could not be found in Bank of Valletta’s records. Moreover, Bank of Valletta also failed in some cases to take reasonable steps to obtain sufficient financial and other information from each investor relevant to the services to be provided. Staff Training: Bank of Valletta did not provide the Authority with adequate documentation and explanations which demonstrate that its officials had been provided with proper training and guidance regarding the nature, characteristics and risks relating to the La Valette Multi-Manager Property Fund, taking into account its unique features and risks and the fact that this could only be sold to experienced investors. During the period when the La Valette Multi-Manager Property Fund was launched and the majority of the sales effected, Bank of Valletta did not have adequate written procedures in place on the manner in which the selling of financial products such as the fund had to take place. Record Keeping: Bank of Valletta was required to maintain sufficient records to be able to demonstrate compliance with the regulations and with the conditions of its investment services licence at all times. There were instances where Bank of Valletta failed to keep appropriate records in relation to transactions in the La Valette Multi-Manager Property Fund carried out on behalf of clients. File Review: In view of the findings set out above, the Authority has issued a Directive on the Bank to cooperate with a review of investor client files by an independent professional services firm, engaged by the Authority at the expense of the Bank. The objective of the review is to determine the validity of the experienced investor declaration held by the Bank. The Bank has been directed that, where shares in the La Valette Multi-Manager Property Fund were sold to advisory client investors who were not experienced investors under the applicable criteria, those investors should be entitled to compensation. This file review should be completed by 31st December 2012. This notice is being published in terms of the powers vested in the Authority in terms of the Malta Financial Services Authority Act.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1004)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1004

• In forceMalta Financial Services Authority (MFSA)

  Debarment

  In this state since

  12 Sept 2026

  Designated

  31 Jan 2012

  Reason given

  Bank of Valletta plc has submitted an appeal before the Financial Services Tribunal against the MFSA’s decision to impose this administrative penalty

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1003)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1003

• In forceMalta Financial Services Authority (MFSA)

  MiFID

  In this state since

  12 Sept 2026

  Designated

  5 Jan 2012

  Reason given

  On 28 December 2011, the MFSA imposed an administrative penalty of €175,174 on Bank of Valetta plc in terms of article 16A of the Investment Services Act. Bank of Valletta plc was found to be in breach of a number of provisions of the Investment Services Guidelines applicable for transactions effected prior to 1 November 2007 as well as the Investment Services Rules applicable for transactions effected after the 1 November 2007 as follows: [I] failure to act with the level of care and diligence required of licence holders in order to ensure that the investment advice or portfolio management service provided is appropriate and suitable given the customer’s particular circumstances; [II] failure to take all reasonable steps to ensure that a client or potential client has sufficient information which he is able to understand to enable him to take informed investment decisions; [III] failure to obtain and record the personal and financial information necessary to make appropriate recommendations or investment decisions; and [IV] failure to maintain sufficient records. The said breaches relate to transactions in respect of certain securities sold to investors, including perpetuals and other preferred securities issued by Lehman Bros, Royal Bank of Scotland, HBOS and others. This notice is being published in terms of the powers vested in the MFSA under the Malta Financial Services Authority Act. Bank of Valletta has a right to appeal from this decision up to the 26 January 2012.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1002)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1002

• In forceMalta Financial Services Authority (MFSA)

  MiFID

  In this state since

  12 Sept 2026

  Designated

  4 Jun 2012

  Reason given

  With effect from 1st June 2012, the Malta Financial Services Authority imposed an administrative penalty of €203,150 on Bank of Valletta, under the provisions of article 16A of the Investment Services Act. The Authority’s investigation, into Bank of Valletta’s sales practices in relation to the selling of units in the La Valette Multi-Manager Property Fund to investors, determined that in various instances Bank of Valletta had failed to act in the best interest of investors, as required in terms of the applicable regulatory framework. The following is a summary of the Authority’s findings and conclusions: Disclosure to Clients: There were various instances where investors interviewed by the Authority stated that Bank of Valletta’s officials had not provided them with adequate information or explanations about the La Valette Multi-Manager Property Fund. Nor were the implications of signing the experienced investor declaration form sufficiently well explained. Moreover, nearly all investors interviewed by the Authority as part of the investigation stated that they were not offered a copy of the prospectus of the La Valette Multi-Manager Property Fund. Suitability: The La Valette Multi-Manager Property Fund is an unsuitable product for unsophisticated retail investors or investors having a cautious risk profile. The Authority’s findings show that there were instances where the La Valette Multi-Manager Property Fund was sold to investors with a cautious risk profile. Several advisory clients had material over-exposure to the La Valette Multi-Manager Property Fund compared with Bank of Valletta’s internal guidance, but there was no record made of the rationale for this exposure. The Authority carried out an investigation to verify amongst other things the nature of the advisory investors. Bank of Valletta appears to have regarded many of these investors as experienced investors solely based on their self-declaration. In several cases, there was no evidence that Bank of Valletta made any effort to verify the validity of the self-declaration made by these investors. On this basis, the Authority has concluded that on a number of occasions Bank of Valletta’s advisors did not take reasonable steps to ensure that these advisory clients were indeed experienced investors before advising them to invest in the La Valette Multi-Manager Property Fund. Client Fact-Finds: The Authority has also found instances in which advisory investors’ client fact-finds were not updated or did not contain information which corroborated the experienced investor declaration. In some instances, advisory investors’ client fact-finds could not be found in Bank of Valletta’s records. Moreover, Bank of Valletta also failed in some cases to take reasonable steps to obtain sufficient financial and other information from each investor relevant to the services to be provided. Staff Training: Bank of Valletta did not provide the Authority with adequate documentation and explanations which demonstrate that its officials had been provided with proper training and guidance regarding the nature, characteristics and risks relating to the La Valette Multi-Manager Property Fund, taking into account its unique features and risks and the fact that this could only be sold to experienced investors. During the period when the La Valette Multi-Manager Property Fund was launched and the majority of the sales effected, Bank of Valletta did not have adequate written procedures in place on the manner in which the selling of financial products such as the fund had to take place. Record Keeping: Bank of Valletta was required to maintain sufficient records to be able to demonstrate compliance with the regulations and with the conditions of its investment services licence at all times. There were instances where Bank of Valletta failed to keep appropriate records in relation to transactions in the La Valette Multi-Manager Property Fund carried out on behalf of clients. File Review: In view of the findings set out above, the Authority has issued a Directive on the Bank to cooperate with a review of investor client files by an independent professional services firm, engaged by the Authority at the expense of the Bank. The objective of the review is to determine the validity of the experienced investor declaration held by the Bank. The Bank has been directed that, where shares in the La Valette Multi-Manager Property Fund were sold to advisory client investors who were not experienced investors under the applicable criteria, those investors should be entitled to compensation. This file review should be completed by 31st December 2012. This notice is being published in terms of the powers vested in the Authority in terms of the Malta Financial Services Authority Act.

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1004)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1004

• In forceMalta Financial Services Authority (MFSA)

  MiFID

  In this state since

  12 Sept 2026

  Designated

  31 Jan 2012

  Reason given

  Bank of Valletta plc has submitted an appeal before the Financial Services Tribunal against the MFSA’s decision to impose this administrative penalty

  Document

  The publisher's document (https://registers.esma.europa.eu/publication/details?core=esma_registers_sanctions&docId=sn1003)

  Stated by

  ESMA Sanctions Register

  First recorded here

  12 Sept 2026

  Listing id

  1003

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

As recorded by the assessment reading taken on 25 September 2026, 17:45 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 this jurisdiction's companies, so an ownership chain reaching one stops.

• 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.

• Australia DFAT Consolidated List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 3,650 records read.

• Brazil CEIS (national procurement exclusions)

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 23,804 records read.

• Brazil MTE employer register (lista suja)

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 508 records read.

• Brazil TCU (firms declared inidôneas)

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 94 records read.

• Canada Consolidated Autonomous Sanctions List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 5,708 records read.

• EBRD Ineligible Entities

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,278 records read.

• 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.

• EU Consolidated Sanctions List

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 6,234 records read. Publisher's version: globalFileId 185699.

• France AMF blacklist of unauthorised actors

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,574 records read.

• IDB Sanctioned Firms and Individuals

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 530 records read.

• Japan MOF Sanctions List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,900 records read.

• Latvia FID frozen assets register

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 183 records read.

• Malaysia BNM financial consumer alert list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 588 records read.

• Malaysia SC investor alert list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,795 records read.

• Moldova procurement ban list

  Read on 29 September 2026. No date from the publisher is read for this file, so its age is not known here. 22 records read.

• New Zealand Russia Sanctions Register

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 529 records read.

• Norges Bank (fund exclusions and observation)

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 201 records read.

• OFAC Consolidated (non-SDN)

  Read on 19 October 2026. The publisher dates the file 14 September 2026, 35 days before it was read. 481 records read.

• OFAC SDN

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 17,556 records read.

• Poland MSWiA sanctions list

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 131 records read.

• SAM.gov Exclusions (US federal)

  Read on 24 October 2026. No date from the publisher is read for this file, so its age is not known here. 10,194 records read.

• Slovenia KPK business restrictions

  Read on 15 October 2026. No date from the publisher is read for this file, so its age is not known here. 4,351 records read.

• Swiss FINMA warning list

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,372 records read.

• Switzerland SECO Sanctions List

  Read on 19 October 2026. The publisher dates the file 15 October 2026, 4 days before it was read. 7,040 records read.

• Taiwan SHTC export entity list

  Read on 21 October 2026. No date from the publisher is read for this file, so its age is not known here. 11,664 records read.

• Türkiye MASAK asset freezes

  Read on 22 October 2026. No date from the publisher is read for this file, so its age is not known here. 2,304 records read.

• UK OFSI Consolidated List

  Read on 8 October 2026. The file carries no date of its own; its newest record is dated 3 June 2026, 127 days before it was read. Newest designation in the file: 2025-12-19. 5,120 records read.

• UK Sanctions List (FCDO)

  Read on 19 October 2026. The publisher dates the file 16 October 2026, 3 days before it was read. 5,705 records read.

• UN Security Council Consolidated List

  Read on 19 October 2026. The publisher dates the file 17 October 2026, 2 days before it was read. 1,010 records read.

• US CBP forced-labour orders (WRO & Findings)

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 63 records read.

• US Consolidated Screening List

  Read on 19 October 2026. No date from the publisher is read for this file, so its age is not known here. 6,474 records read.

• US UFLPA Entity List

  Read on 20 October 2026. No date from the publisher is read for this file, so its age is not known here. 205 records read.

• World Bank Listing of Ineligible Firms and Individuals

  Read on 23 October 2026. No date from the publisher is read for this file, so its age is not known here. 1,539 records read.

Taken

25 September 2026, 17:45 UTC

Methodology

Version 5

Level

Low

Score recorded

45 of 100

Digest

8dcd0efd6f7851a65466a37e51ef20d85bde4b42A fingerprint of everything the reading says. The same reading always has this digest, and any change in it gives another.

Reading id

a4d78a1e-3618-4fd7-bef2-61fc3aa5bc74

Address

https://apolika.com/entities/cf545213-d0ee-4fc6-895f-5af6c1e9f7b2/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/cf545213-d0ee-4fc6-895f-5af6c1e9f7b2/evidence?as_of=2026-10-25T00%3A47%3A37.907Z

Made

25 October 2026, 00:47 UTC