Aggregated News From Investment Management Regulators

GlobalCapital Life Insurance Limited (“the Company”) – MFSA


Please complete the required fields.

The Malta Financial Services Authority (“MFSA”) decided to proceed with imposing an administrative penalty of twenty thousand seven hundred and sixty Euro (€20,760).


GlobalCapital Life Insurance Limited,
Testaferrata Street,
Ta’ Xbiex XBX1403

Business Activity: Insurance Undertakings


The MFSA determined that the Company failed to adhere to its obligations in terms of Article 20(1) and 32 of the Insurance Business Act for failure to submit the Audited Financial Statements and the Report on solvency and financial condition within the regulatory deadline.


On 31 July 2020, the MFSA decided to impose an administrative penalty of twenty thousand seven hundred and sixty Euro (€20,760) on GloablCapital Life Insurance Limited.

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.


This notice is being published as part of the Authority’s standard enforcement policy and in terms of Article 16(8) of the Malta Financial Services Authority Act.

Source link

Regulator Information

Abbreviation: MFSA
Jurisdiction: Malta

Recent Articles

New SRO Compliance Priorities Report for 2022/2023: Helping Firms with Compliance

Executive Summary We are pleased to present our annual Compliance Priorities Report: Helping Firms with Compliance for 2022/2023. This year’s report outlines our hybrid return to the office...


We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Communiqué No. 02 Multiple Banking Capitalization Index of December 2022

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

FIN-FSA’s Annual Report 2022: State of the financial sector remained solid, but global events caused turmoil in the operating environment

The state of the financial sector remained good in 2022; however, Russia’s invasion of Ukraine increased risks to both economic development and cyber security. “Risks...

Get the latest from Regulatory.News in your inbox!