S.L. 378.10 Art. 23CPublication of administrative penalties.

(1) The MFSA may publish, on its official website and, or in any other media as it considers appropriate, any administrative penalties imposed under the provisions of these regulations. Such publications shall include information on the type and nature of the breach and the identity of the person on whom the administrative penalty is imposed, without undue delay after that person is informed of those penalties:

Provided that the MFSA shall not publish any administrative penalties imposed under the provisions of these regulations where such publication would seriously jeopardise the financial markets or cause disproportionate damage to the parties involved:

Provided further that in cases where an administrative penalty or penalties imposed under the provisions of these regulations have been published in terms of this sub-regulation and an appeal has been filed by the person on whom such administrative penalty or penalties have been imposed, the MFSA shall, without undue delay, also publish on its official website and in any other media as it considers appropriate, information on the status of the appeal and the outcome thereof.

(2) Information published in terms of this regulation shall remain on the official website of the MFSA for a period of not less than five years. Personal data shall be retained on the official website of the MFSA and in any other media it considers appropriate only for the period necessary, in accordance with the provisions of Maltese legislation on data protection.