Malta-based funds have licences revoked

The MFSA said the fund had failed to appoint a money laundering reporting officer and a compliance officer. File photo: Mark Zammit Cordina

A Swiss-owned fund based in Malta has had its licence and that of its renewable energy sub-fund revoked by the financial regulator.Last week, the Malta Financial Services Authority (MFSA) announced it had revoked the licences of TTC SICAV plc and TTC Green Energy Fund over a raft of regulatory breaches.TTC SICAV plc had failed to...