CENTRAL BANK OF MALTA 
(PENALTIES FOR OFFENCES AND INFRINGEMENTS) g S.L.204.05 1
SUBSIDIARY LEGISLATION 204.05
CENTRAL BANK OF MALTA 
(PENALTIES FOR OFFENCES AND 
INFRINGEMENTS) REGULATIONS
28th February, 2003
LEGAL NOTICE 75 of 2003.
Citation.
(Penalties for Offences and Infringements) Regulations.
Interpretation.
requires–
Cap. 204.
Cap. 330.
''Financial Services Tribunal'' means the Financial Services
Tribunal established under article 21 of the Malta Financial
Services Authority Act;
and the words and expressions which are also used in the Act have
the same meanings as in the Act.
Penalties.
Act as appearing in the first column of the Schedule to these
regulations consisting in the corresponding act or omission
described in the second column thereof, the Bank may impose by
way of an administrative penalty the corresponding sum appearing
in the third column of the said Schedule.
Non-compliance 
with minimum 
reserve 
requirements.
4. In terms of article 52A(3)( a )(i) of the Act, the Bank may
impose an administrative penalty consisting of a payment of up to
five percentage points above the Bank’s lending rate being imposed
in transactions conducted under article 15(1)( e ) of the Act, and
applied to the amount of the reserve deposit which the relevant
credit institution fails to provide in accordance with directives
issued under article 37(1) of the Act.
2 g S.L.204.05
CENTRAL BANK OF MALTA 
(PENALTIES FOR OFFENCES AND INFRINGEMENTS)
SCHEDULE
(Regulation 3)
Administrative penalties which may be imposed by the Central Bank of Malta 
without recourse to a court hearing
First Column Second Column Third Column
Provision Act or Omission Penalty
52A(2)( a ) with
reference to
24A(1)(2)
Failure to provide the Bank with
the required information, or to
provide information by the
established deadline, or to
provide correct or complete
information
LM200 per day up to a
maximum of Lm5,000 for
not providing information or
not providing it by the
established deadline;
From Lm300  up to a
maximum of Lm5,000 for
providing incorrect or
incomplete information
52A(2)( a ) with
reference to 24B(1) 
Failure to comply with statistical
reporting requirements contained
in any directive issued by the
Bank
From Lm500 up to a
maximum of Lm5,000
52A(2)( a ) with
reference to 24B(2)
Obstructing the Bank from
exercising the right to verify the
accuracy & quality of the
information 
From Lm2,000 up to a
maximum of Lm5,000 for
every obstruction
52A(2)( a ) with
reference to 24B(2)
Obstructing the Bank from
carrying out the compulsory
collection of information
From Lm2,000 up to a
maximum of Lm5,000 for
every obstruction
52A(2)( b ) with
reference to 36(5)
Contravening or failing to
comply with a requirement
contained in any directive issued
by the Bank 
From Lm500 up to a
maximum of Lm5,000
52A(3)( a )(ii) with
reference to 49A
Failure by a credit and, or
financial institution to withdraw
from circulation currency notes
and coins believed to be
counterfeit 
From Lm3,000 up to a
maximum of Lm5,000
52A(3)( a )(ii) with
reference to 49A
Failure by a credit and, or
financial institution to deliver to
the Bank any counterfeit
currency notes and coins
withdrawn from circulation
Lm100 for every day the
failure continues, up to a
maximum of Lm5,000
52A(3)( b ) with
reference to 45 to 49
A body corporate deriving
benefit from commission of
offences under articles 45 to 49
by a person having a senior
position within the body
corporate
Lm5,000
CENTRAL BANK OF MALTA 
(PENALTIES FOR OFFENCES AND INFRINGEMENTS) g S.L.204.05 3
52A(3)( b ) with
reference to 45 to 49
A body corporate deriving
benefit from the actions of a
person, having a senior position
within the body corporate, aiding
or acting as accessory in the
commission of offences under
articles 45 to 49 
From Lm3,000 up to a
maximum of Lm5,000  
52A(3)( c ) with
reference to 45 to 49
Failure by a body corporate to
exercise supervision or control
over a person, having a senior
position within the body
corporate, who commits, or aids
or acts as accessory in the
commission of offences under
articles 45 to 49
From Lm3,000 up to a
maximum of Lm5,000
