Administrative sanctions 

The Financial Supervisory Authority (FIN-FSA) may impose administrative sanctions.

The administrative sanctions are

  • conditional fine,
  • administrative fine, 
  •  public reprimand,
  • public warning and
  • penalty payment

The FIN-FSA may also request a police investigation.

In addition to administrative sanctions, the FIN-FSA may exercise supervisory powers in respect of financial markets, including temporary prohibition from holding a managerial position and curtailment of operations subject to authorisation.

19 October 2011