Accountancy Profession Act (Cap. 281)
Accountancy Profession Act (Cap. 281), article 20A
20A. (1) The Board shall publish on its official website at least
any administrative sanction imposed for breach of the provision s of
this Act, the regulations made under it or Directives, or of th e Audit
Regulation in respect of which all rights of appeal have been
exhausted or have expired, as soon as reasonably practicable
immediately after the person sanctioned has been informed of that
decision, including information concerning the type and nature of
the breach and the identity of the natural or legal person on w hom
the sanction has been imposed:
Provided that where the sanctions imposed are subject to
appeal, publication shall only be made after all rights of appe al
have been exhausted or have expired.
(2) The Board shall publish the sanctions imposed on an
anonymous basis, and in a manner which is in conformity with
Maltese law, in any of the following circumstances:
(a) where, in the event that the sanction is imposed on a
natural person, publication of personal data is shown
to be disproportionate by an obligatory prior
assessment of the proportionality of such publication;
(b) where publication would jeopardise the stability of
financial markets or an ongoing criminal investigation;
(c) where publication would cause disproportionate
damage to the institutions or individuals involved.
(3) The Board shall ensure that any publication in accordance
with sub-article (1) is of proportionate duration and that it r emains
on its official website for a minimum period of five (5) years after
all rights of appeal have been exhausted or have expired.
(4) The publication of sanctions and measures and of any
public statement by the Board shall respect fundamental rights as
laid down in the Charter of Fundamental Rights of the European
34 CAP. 281.] ACCOUNTANCY PROFESSION
Union, the Constitution of Malta and the Convention for the
Protection of Human Rights and Fundamental Freedoms; in
particular the right to respect for private and family life and the
right to the protection of personal data:
Cap. 586
Provided that such publication or any public statement is
not to contain personal data of third parties within the meanin g of
the provisions of the Data Protection Act.
Reporting of
breaches.
Added by:
XXXVI. 2016.16.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.