1. BOV to compensate ineligible investors
Bank of Valletta said this afternoon that, as it had already stated last June, it would cooperate
fully with the Malta Financial Services Authority and compensate ineligible investors in its
property fund. Mazars, an audit firm tasked by the financial services regulator to review the
client files, has drawn up a list of bank clients who were not experienced investors and so
ineligible to invest in the property fund. The report was handed over to the MFSA last week and
the authority said it will forward the list to BOV for compensation. BOV said it was looking
forward to receiving the list. It said it remained committed to do all it could to conclude the issue
satisfactorily for the benefit of all concerned.
timesofmalta.com
http://www.allplacedout.com/bov-to-compensate-ineligible-investors/
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