Questions and Answers (updated 27 August 2014)

Common terms you will come across in this Q&A:

“the Firm”	Maltese Cross Financial Services Limited
“ICS” or “the Scheme”	Investor Compensation Scheme
“MFSA” or “the Authority”	Malta Financial Services Authority
“Investor” or “claimant”	clients of the Firm who have entrusted money or investments in connection with the Firm’s licensed business
“the Regulations”	the Investor Compensation Scheme Regulation – Legal Notice 368 of 2003

 

 

 

 

 

 

1. What is Maltese Cross Financial Services Limited and what has happened to it?

Maltese Cross Financial Services Limited is a Maltese registered entity holding a Category 2 licence.

On 7 August 2014, the MFSA announced that it had suspended the operations of the Firm with immediate effect.

The Malta Financial Services Authority has, on 11 August 2014, made a determination to the effect that Maltese Cross Financial Services Limited is unable, for the time being, to meet its obligations arising from claims by its investors for reasons which are directly related to its financial circumstances.

2. What does this mean for clients of Maltese Cross Financial Services Limited?

MFSA has determined that Maltese Cross Financial Services Limited is unable to repay money owed to or belonging to investors and held on their behalf in connection with licensed business; or return to investors any instruments belonging to them and held, administered or managed on their behalf in connection with licensed business.

Clients of Maltese Cross Financial Services Limited are likely to have had their investments registered either: 
 

1. in their own name: The Firm may have purchased the investment in the name of its client. Where this has been the case, and particularly for investments listed on the Malta Stock Exchange (“MSE”), the investor may wish to confirm that such investments are correctly registered in his name by making an enquiry with the Central Securities Depositary of the MSE. If this is the case, you may administer your holdings through another licensed financial intermediary.
2. under nominee: The Firm may have purchased investments in its own name for the benefit of the investor.

For both these scenarios, the MFSA is currently investigating whether the Firm has properly executed its clients’ instructions.

 

3. What is the Investor Compensation Scheme? (updated 18 August 2014)

The Investor Compensation Scheme is a rescue fund for customers of failed investment firms which are licensed by the MFSA. The Investor Compensation Scheme Regulations determine the conditions for eligibility to such compensation. The maximum compensation that may be payable by the Scheme amounts to €20,000, or ninety per cent of an investor’s eligible claims, whichever is the lower. By paying compensation, the Scheme will be subrogated to the claimant’s rights against Maltese Cross Financial Services Limited – this means that, when applying to recover any money from Maltese Cross Financial Services Limited, the Scheme will ‘step in the shoes’ of the claimant’s rights up to the amount of compensation paid.

The investor’s rights in regard to any other amount for which he has not received payment from the Scheme will neither be transferred to the Scheme nor prejudiced in any manner. This applies even for those investments which the investor chooses not to include in his claim for compensation. It is therefore advisable that the investor should seek legal advice to assert his rights at law.

The Scheme is based on the EU Directive 97/9 on investor-compensation schemes.

 

4. Will all investors of the Firm be eligible to receive compensation from the Scheme?

Generally, all retail investors are eligible for compensation.

However, there are a number of investors who are not entitled for compensation. These are listed hereunder:

1. Persons carrying on investment services within the meaning of the Investment Services Act, or equivalent or similar foreign legislation;
2. Credit institutions carrying on the business of banking within the meaning of the Banking Act, or equivalent or similar foreign legislation;
3. Financial institutions within the meaning of the Financial Institutions Act, or equivalent or similar foreign legislation;
4. Insurance undertakings carrying on the business of insurance within the meaning of the Insurance Business Act and the Insurance Brokers and other Intermediaries Act, or under equivalent or similar foreign legislation;
5. Collective investment schemes;
6. Pension and retirement funds;
7. Companies which are of such a size that they are not permitted to draw up abridged balance sheets pursuant to the Companies Act, or under equivalent or similar foreign legislation;
8. Governments and administrative authorities, national and international institutions;
9. Local and municipal councils or authorities;
10. Debt securities issued by the same institution and liabilities arising out of own acceptances and promissory notes;
11. Persons holding accounts which do not disclose the investor’s identity;
12. Companies and commercial partnerships in the same group as the licence holder;
13. Directors and managers of the relevant licence holder and members of the licence holder with personal liability, persons holding five percent or more of the capital of such licence holder, the auditors of the licence holder and persons of the same description with respect to a company forming part of the same group of companies as the licence holder;
14. Close relatives, that is, ascendants, descendants or the spouse of the persons referred to in paragraph 13;
15. Investors who have any responsibility for or have taken advantage of certain facts relating to a licence holder which gave rise to the licence holder’s financial difficulties or contributed to the deterioration of its financial situation;
16. Investors in respect of transactions in connection with which a criminal conviction has been obtained for money laundering in terms of the Prevention of Money Laundering Act, or under equivalent or similar foreign legislation;
17. Nominees, trustees or other third parties acting on behalf or in the interest of the persons referred to in this Schedule to the extent of the funds held in such capacity;
18. Professional and institutional investors.

If you are an investor using the Firm’s services and do not fall under any one of the categories listed above, then you can lodge a claim with the Scheme.

5. How do I make a claim against Maltese Cross Financial Services Limited with the ICS?

The Investor Compensation Scheme has published notices in all major newspapers informing eligible investors on how they may apply for compensation from the Scheme.

You must fill in the application form if you want to claim compensation. The application form asks the claimant to set out key information to support his/her claim, such as details and evidence of the investments. The claimant will also be asked to send further evidence to support their claim, such as:

1. Original versions of documentation relating to the investment(s) (e.g. a contract note, investment certificate, or statement) plus a bank statement detailing the sum invested in the investment(s);
2. Original documentation relevant to the claim (e.g. correspondence with the company);
3. Any other information as requested by the Scheme.

The more information you give the Scheme, the easier it will be to deal with your claim. This evidence is required by the Scheme in order to verify the individual’s claim against other evidence held by the Scheme.

It is very important to fill in the form fully. If you leave out any of the information we ask for, we will return the form to you. This may delay your application for compensation.

In the eventuality that an investor no longer holds the original contract note relating to the investment/s, because it has been either lost or misplaced or has not as yet been sent by the Firm, the investor shall provide the Scheme with other documentary evidence (such as cheque images, bank statements or a receipt issued by the Firm) which proves that the investment has indeed been made. It will be at the discretion of the Scheme to decide whether the documentary evidence provided is satisfactory and each claim will be dealt with on a case by case basis.

The application form, duly completed and signed, should be submitted by registered mail or by hand as follows:

Investor Compensation Scheme
c/o Malta Financial Services Authority
Notabile Road
Attard BKR 3000

Re: Claim relating to Maltese Cross Financial Services Limited

 
6. Do I have to pay anything to have my claim considered by the ICS?

No. The Scheme does not charge investors for using its service.

 
7. Does the Scheme cover companies as well as individuals?

Most retail investors are covered whether they are individuals or companies. Our answer to Question 4 lists some categories of investors who are not covered. However, companies which are permitted to draw up abridged balance sheets in terms of the Companies Act are also covered by the Scheme.

 
8. How will the ICS determine whether I am eligible for compensation?

Once the Scheme has received a completed application form, it will proceed to assess the claim to determine whether the claimant is eligible for compensation under the Scheme’s rules.

All claims will be considered on a case-by-case basis, based on the information presented in the application form along with any accompanying evidence.

The Scheme will have to check carefully every claim for compensation and ensure that every claim is covered by the regulations before it can process it and issue a refund in terms of the Regulations. If you are not eligible for compensation under the regulations, we will write to you and explain why.

 
9. How long will it take for my claim to be settled?

It is advisable that you make your claim at your earliest opportunity. Assuming that you will do so, the Scheme should be able to proceed with the payment of verified claims within three months of the date of the determination.

The Scheme may, in exceptional circumstances, request MFSA to briefly extend this period.

 
10. What is the level of protection provided by the ICS?

The maximum compensation that may be payable by the Scheme amounts to €20,000, or ninety per cent of an investor’s eligible claims, whichever is the lower. By paying compensation, the Scheme will be subrogated to the claimant’s rights against Maltese Cross Financial Services Limited. The amount of payment is regulated by LN368 of 2003.
 

11. Do I have other available means of redress?

Investors should seek legal assistance when determining whether to accept compensation from the Scheme and when considering whether they have other available means of redress.

 
12. What if an investment is held in joint names or a trust, or my holdings are held under nominee? (updated 14 August 2014)

Joint accounts are divided equally between account holders where there is no indication of the share of each holder in the account. Each will be covered up to the limits described above, subject to eligibility.

In respect of investments held by a person acting as trustee or nominee for one or more persons, the investment making up the claim shall be deemed to belong to the beneficial owners equally unless there exists specific information which may otherwise determine the beneficial interests of such persons. In this regard, full disclosure of the underlying beneficial owners need to be provided in support of a claim together with supporting documentary evidence.

 
13. How will compensation be paid to me? (updated 27 August 2014)

Your application for compensation will be carefully verified to determine its eligibility. Once this is established, the Scheme will write to inform you that payment may be made upon a subrogation of your rights in favour of the Scheme.

The Investor Compensation Scheme will, on paying any compensation, be subrogated in your rights and claims against Maltese Cross Financial Services Limited and against any other party solely with respect to the recovery of the compensation paid to you by the Investor Compensation Scheme. The aforesaid subrogation shall not prejudice any claims that you may have for amounts in excess of the amount paid to you by the Investor Compensation Scheme.

You will be able to choose between receiving payment by cheque or bank transfer.

The Scheme is obliged to pay eligible investors in the currency of their investment. 

Termini komuni li se tiltaqa’ maghhom f’dawn il-Mistoqsijiet u Twegibiet:

“il-Kumpanija”	Maltese Cross Financial Services Limited
“l-Iskema”	Skema ta’ Kumpens lill-Investituri
“MFSA” jew “l-Awtorità”	L-Awtorità ghas-Servizzi Finanzjarji ta’ Malta
“Investitur” jew “min jaghmel it-talba ghal kumpens”	klijenti tal-Kumpanija li fdaw flushom jew l-investimenti taghhom mal-Kumpanija skont il-licenzja tan-negozju moghtija
“ir-Regolamenti”	ir-Regolamenti dwar Skema ta’ Kumpens lill-Investituri - Avviz Legali 368 tal-2003

 

1. Min hi l-kumpanija Maltese Cross Financial Services Limited u xi gralha?

Il-kumpanija Maltese Cross Financial Services Limited hi kumpanija Maltija registrata u li ghandha licenzja ta’ Kategorija 2.

Fis-7 ta’ Awwissu 2014, l-MFSA habbret li kienet issospendiet l-operat tal-Kumpanija b’effett immedjat.

Fil-11 ta’ Awwissu 2014, l-Awtorità Maltija ghas-Servizzi Finanzjarji determinat li Maltese Cross Financial Services Limited ghal ragunijiet li huma direttament relatati mac-cirkonstanzi finanzjarji taghha, ma tistax taqdi l-obbligi taghha li jirrizultaw minn talbiet maghmulin mill-investituri.

2. Xi jfisser dan ghall-klijenti tal-kumpanija Maltese Cross Financial Services Limited?

L-MFSA ddeterminat li l-inabilità ta’ Maltese Cross Financial Services Limited li thallas lura flus dovuti lil, jew li jkunu ta’ investituri u mizmumin f’isimhom f’konnessjoni ma’ negozju licenzjat; jew li trodd lura lill-investituri strumenti li huma proprjetá taghhom u mizmumin, amministrati jew immanigjati f’isimhom f’konnessjoni ma’ negozju licenzjat.

X’aktarx li l-klijenti ta’ Maltese Cross Financial Services Limited kellhom l-investimenti taghhom registrati taht wiehed minn dawn:

1. f’isimhom stess: Il-Kumpanija jaf xtrat l-investiment f’isem il-klijent. Fejn dan kien il-kaz, u b’mod partikulari f’kaz ta’ investimenti ikkwotati fuq il-Borza ta’ Malta ("MSE"), l-investitur jista’ jikkonferma li dawn l-investimenti huma registrati kif jixraq f’ismu billi jaghmel talba lis-Central Securities Depository tal-MSE. Jekk dan huwa l-kaz, inti tista’ tamministra dawn l-istess investimenti permezz ta’ intermedjarju finanzjarju licenzjat iehor.
2. taht nominee: Il-Kumpanija jista’ jkun li xtrat l-investimenti f’isimha stess ghan-nom tal-investitur.

Fiz-zewg kazijiet, l-MFSA ghaddejja bhalissa bl-investigazzjonijiet taghha sabiex tara jekk il-Kumpanija wettqitx kif jixraq l-istruzzjonijiet moghtija mill-klijenti taghha.

3. X’inhi l-Iskema ta’ Kumpens lill-Investituri? (aggornata 18 ta' Awissu 2014)

L-Iskema ta’ Kumpens lill-Investituri hi fond ta’ salvatagg ghall-klijenti ta’ ditti falluti ta’ investiment li huma licenzjati mill-MFSA. Ir-Regolamenti tal-iSkema ta’ Kumpens lill-Investituri jiddeterminaw il-kundizzjonijiet tal-eligibilità ghal dan il-kumpens. Il-kumpens massimu li jista’ jithallas permezz tal-Iskema jammonta ghal €20,000, jew disghin fil-mija tat-talbiet ghal kumpens mill-investitur, liema minnhom ikun l-inqas. Malli jithallas il-kumpens, l-Iskema se tkun surrogata fid-drittijiet ta’ dak li jkun qed jaghmel it-talba ghal kumpens kontra Maltese Cross Financial Services Limited – dan ifisser li, meta tapplika biex tirkupra flus minghand Maltese Cross Financial Services Limited, l-Iskema ser “tidhol fiz-zarbun” tal-investitur sa l-ammont ta’ kumpens imhallas.

Id-drittijiet tal-investitur fir-rigward ta’ ammonti ohrajn li ghalihom ma nghatax kumpens mill-Iskema la ser jghaddu ghand l-Iskema u lanqas ser jigu pregudikati b’xi mod jew iehor. Dan japplika wkoll ghal dawk l-investimenti li ghalihom l-investitur jaghzel li ma jinkludix fil-klejm tieghu ghal kumpens. Huwa ghalhekk rakkommandabbli li l-investitur ifittex parir legali sabiex jiddetermina d-drittijiet legali tieghu.

L-Iskema tfasslet fuq id-Direttiva 97/9 tal-UE dwar l-iskemi ta’ kumpens lill-investitur.

4. L-investituri kollha tal-Kumpanija se jkunu eligibbli li jinghataw kumpens mill-Iskema?

Generalment, l-investituri bl-imnut huma kollha eligibbli ghal kumpens.

Madanakollu, hemm ghadd ta’ investituri li mhumiex intitolati ghal kumpens. Dawn jinsabu mnizzlin hawn taht:

1. Persuni li qeghdin jaghtu servizz ta’ investiment fl-ambitu tat-Att dwar is-Servizzi ta’ Investiment, jew legizlazzjoni ekwivalenti jew simili barranija;
2. Istituzzjonijiet ta’ kreditu li jkunu qeghdin jaghmlu kummerc bankarju fl-ambitu tat-tifsira tal-Att dwar il-Kummerc Bankarju, jew legizlazzjoni ekwivalenti jew simili barranija;
3. Istituzzjonijiet finanzjarji fl-ambitu tat-tifsira tal-Att dwar Istituzzjonijiet Finanzjarji, jew legizlazzjoni ekwivalenti jew simili barranija;
4. Imprizi tal-assigurazzjoni li jkunu qeghdin jaghmlu kummerc tal-assigurazzjoni fl-ambitu tat-tifsira tal-Att dwar il-Kummerc ta’ Assigurazzjoni u l-Att dwar il-Brokers fl-Assigurazzjoni u Intermedjarji Ohra, jew taht legizlazzjoni ekwivalenti jew simili barranija;
5. Skemi ta’ investiment kollettiv;
6. Fondi ghall-pensjoni u min jirtira;
7. Kumpaniji li huma ta’ tali daqs li mhumiex permessi li jfasslu karti tal-bilanc imqassra skont l-Att dwar il-Kumpaniji, jew taht legizlazzjoni ekwivalenti jew simili barranija;
8. Gvernijiet jew awtoritajiet amministrattivi, istituzzjonijiet nazzjonali u internazzjonali;
9. Kunsilli jew awtoritajiet lokali u municipali;
10. Sigurtajiet fuq dejn mahrugin mill-istess istituzzjoni u responsabbiltajiet li jirrizultaw minn accettazzjonijiet ta’ hlas u noti promissorji;
11. Persuni li ghandhom kontijiet li ma jixkfux l-identità tal-investitur;
12. Kumpaniji u socjetajiet kummercjali fl-istess grupp ta’ min ghandu l-licenzja;
13. Diretturi u manigers ta’ min ghandu l-licenzja relevanti u membri ta’ min ghandu l-licenzja b’responsabbiltà personali, persuni li ghandhom hamsa fil-mija jew aktar tal-kapital ta’ min ghandu l-licenzja, l-awdituri ta’ min ghandu l-licenzja u persuni tal-istess deskrizzjoni fir-rigward ta’ kumpanija li tifforma parti mill-istess grupp ta’ kumpaniji bhal min ghandu l-licenzja;
14. Qraba vicini, jigifieri, axxendenti, dixxendenti jew il-mara jew ir-ragel tal-persuni msemmija f’paragrafu 13;
15. Investituri li ghandhom xi responsabbiltà ghal jew kienu hadu vantagg minn certi fatti relatati ma’ min ghandu l-licenzja li wasslu ghad-diffikultajiet finanzjarji ta’ min ghandu l-licenzja jew ikkontribwew biex is-sitwazzjoni finanzjarja taghha tehzien;
16. Investituri fir-rigward ta’ operazzjonijiet li f’konnessjoni taghhom inghatat kundanna kriminali ghal hasil ta’ flus skont l-Att kontra Money Laundering, jew taht legizlazzjoni ekwivalenti jew simili barranija;
17. Nominees, trustees jew partijiet terzi ohra li jagixxu f’isem jew fl-interess tal-persuni msemmija f’din l-Iskeda sakemm dawk il-fondi jinzammu f’dik il-kapacità;
18. Investituri professjonisti u istituzzjonali.

Jekk inti investitur li uzajt is-servizzi tal-Kumpanija u ma taqax taht kwalunkwe wahda mill-kategoriji msemmijin hawn fuq, mela allura inti tista’ tressaq it-talba tieghek ghal kumpens lill-Iskema.

5. Kif naghmel talba ghal kumpens mal-Iskema kontra Maltese Cross Financial Services Limited?

L-Iskema ta’ Kumpens lill-Investituri ppubblikat avvizi fil-gazzetti kollha ewlenin biex tgharraf lill-investituri eligibbli dwar kif jistghu japplikaw ghal kumpens mill-Iskema.

Trid timla’ l-formola tal-applikazzjoni jekk trid titlob kumpens. Il-formola tal-applikazzjoni titlob lil min qed jaghmel it-talba ghal kumpens sabiex jaghti taghrif ewlieni biex iwiezen it-talba tieghu bhalma huma dettalji u evidenzi dwar l-investiment. Min qed jaghmel it-talba ghal kumpens se jintalab ukoll jibghat aktar evidenza sabiex iwiezen it-talba tieghu, bhalma huma:

1. Verzjonijiet originali tad-dokumentazzjoni relatata mal-investiment(i) (ez. nota kuntrattwali, certifikat ta’ investiment, jew stqarrija) flimkien mar-rendikont bankarju li jaghti dettalji dwar is-somma investita fl-investiment(i);
2. Kwalunkwe taghrif iehor hekk kif mitlub mill-Iskema.

Aktar ma taghti informazzjoni lill-Iskema, aktar ikun facli biex l-Iskema tevalwa t-talba tieghek ghal kumpens. Din l-evidenza hi mehtiega mill-Iskema sabiex tivverifika t-talba mill-investitur ghal kumpens kontra kull evidenza ohra mizmuma mill-Iskema.

Importanti hafna li timla l-formola sewwa. Jekk thalli barra kwalunkwe haga mill-informazzjoni mitluba, nergghu nibaghtulek il-formola lura. Dan jista’ jtawwal il-process ta’ evalwazzjoni tal-applikazzjoni tieghek ghal kumpens.

Fl-eventwalità li xi investitur m’ghadx ghandu n-nota kuntrattwali originali b’rabta mal-investiment/i, minhabba li jew intilfet jew ma jafx fejn tinsab jew ghadha ma ntbaghtitx mill-Kumpanija, l-investitur ghandu jipprovdi lill-Iskema evidenza dokumentata ohra (bhalma huma immagni ta’ cekkijiet, rendikonti bankarji jew ricevuta mahruga mill-Kumpanija) li jixhdu li l-investiment sar tassew. Hu fid-diskrezzjoni tal-Iskema li tiddeciedi jekk l-evidenza dokumentata mghoddija hijiex sodisfacenti jew le u kull talba ghal kumpens se tigi mistharrga fuq bazi individwali.

Il-formola ghal talba ghal kumpens, mimlija sew u ffirmata, ghandha tintbaghat permezz ta’ posta registrata jew titwassal bl-idejn kif gej:

Skema ta’ Kumpens lill-Investituri
c/o L-Awtorità Maltija ghas-Servizzi Finanzjarji
Triq Notabile
H’Attard BKR3000

Suggett: Talba ghal kumpens b’rabta ma’ Maltese Cross Financial Services Limited

6. Irrid inhallas xi flus sabiex l-Iskema tikkunsidra t-talba tieghi ghal kumpens?

Le. L-Iskema ma titlobx hlasijiet minghand l-investituri sabiex juzaw is-servizz taghha.

7. L-Iskema tkopri kemm kumpaniji kif ukoll individwi?

Bosta mill-investituri bl-imnut huma koperti kemm jekk huma individwi kif ukoll kumpaniji. It-twegiba taghna ghal Mistoqsija 4 ssemmi whud mill-kategoriji ta' investituri li mhumiex koperti. Madanakollu, kumpaniji li ghandhom il-permess li jipprezentaw karti tal-bilanc imqassra skont l-Att dwar il-Kumpaniji huma wkoll koperti minn din l-Iskema.

8. B’liema mod l-Iskema se tiddetermina jekk iniex elegibbli ghal kumpens jew le?

Galadarba l-Iskema tircievi formola tal-applikazzjoni mimlija, din se tipprocedi sabiex tevalwa t-talba ghal kumpens u tiddetermina jekk min qed jaghmel it-talba huwiex elegibbli ghal kumpens skont ir-regoli tal-Iskema.

Kull talba ghal kumpens se titqies fuq bazi individwali, skont l-informazzjoni mressqa fil-formola tal-applikazzjoni flimkien ma’ kwalunkwe evidenza mehmuza.

L-Iskema trid ticcekkja b’reqqa kull talba ghal kumpens u tizgura li kull talba hi koperta mir-regolamenti qabel ma tkun tista’ tipprocessaha u tohrog rifuzjoni skont it-termini tal-Regolamenti. Jekk m’intix eligibbli ghal kumpens skont ir-regolamenti, se ngharrfuk bil-miktub u nfissrulek ghala.

9. Kemm se jghaddi zmien sakemm it-talba tieghi ghal kumpens tintlaqa’?

Naghtuk parir sabiex tressaq il-klejm tieghek ghal kumpens mill-aktar fis possibbli. Galadarba taghmel dan, l-Iskema tkun tista’ tipprocedi bil-pagament tal-klejm ivverifikata fi zmien tlitt xhur mid-data tad-decizjoni.

L-Iskema tista’, f’cirkustanzi eccezzjonali, titlob lill-MFSA sabiex testendi bi ftit dan il-perjodu.

10. X’livell ta’ protezzjoni tipprovdi l-Iskema?

Il-kumpens massimu li jista’ jithallas permezz tal-Iskema jammonta ghal €20,000, jew disghin fil-mija tat-talbiet ghal kumpens mill-investitur, liema minnhom ikun l-inqas. Malli jithallas il-kumpens, l-Iskema se tkun surrogata fid-drittijiet ta’ dak li jkun qed jaghmel it-talba ghal kumpens kontra Maltese Cross Financial Services Limited. L-ammont pagabbli hu rregolat skont l-Avviz Legali 368 tal-2003.

11. Jezistu mezzi disponibbli ohrajn ta’ rimedju?

L-investituri ghandhom ifittxu parir legali meta jigu biex jiddeciedu jekk jaccettawx il-kumpens mill-Iskema u meta jigu biex iqisu jekk ghandhomx mezzi disponibbli ohrajn biex jitolbu rimedju.

12. X’jigri jekk l-investiment hu bi shab jew ma’ fiducjarju, jew l-investimenti tieghi huma taht nominee?

Kontijiet bi shab jinqasmu b’mod indaqs bejn id-detenturi tal-kont kemm-il darba m’hemmx x’juri x’inhu s-sehem ta’ kull detentur tal-kont. Kull wiehed hu kopert sal-massimu deskritt hawn fuq, suggett ghal eligibilità.

Fir-rigward tal-investimenti mizmuma minn persuna li tagixxi ta’ trustee jew nominee ghal persuna wahda jew aktar, l-investiment li jaghmel parti minn din it-talba ghal kumpens ghandu jitqies li jappartjeni lis-sidien beneficcjarji b’mod indaqs sakemm ma jkunx hemm informazzjoni specifika li tista’ tiddetermina mod iehor x’inhuma l-interessi beneficcjarji ta’ tali persuni. F’dan ir-rigward, jehtieg li jinkixfu b’mod shih is-sidien beneficcjarji tal-investiment bil-ghan li titwiezen it-talba ghal kumpens.

13. Kif se jithallas il-kumpens? (aggornata fis-27 t’Awwissu 2014)

L-applikazzjoni tieghek ghal kumpens se tkun ivverifikata b’reqqa sabiex jigi determinat jekk intix eligibbli jew le. Malli jkun stabbilit dan, l-Iskema se tgharrfek bil-miktub li l-pagament jista’ jsir bis-sahha ta’ surroga legali tad-drittijiet tieghek favur l-Iskema.

L-Iskema ta’ Kumpens lill-Investituri, wara li thallsek kwalunkwe kumpens, se tikseb d-drittijiet ghall-klejm tieghek kontra Maltese Cross Financial Services Limited u kontra xi terzi persuni ohra, fil-konfront unikament tal-ammont ta’ kumpens li l-Iskema ta’ Kumpens lill-Investituri ser tkun qed thallas lilek. Din is-subrogazzjoni tad-drittijiet ser tkun tfisser illi inti jibqaghlek id-dritt tirkupra ammonti oltre minn dak li ser tkun qed tikkumpensak l-Iskema ta’ Kumpens lill-Investituri.

Inti tkun tista’ taghzel bejn li tircievi l-pagament b’cekk jew permezz ta’ trasferiment bankarju.

L-Iskema hi obbligata li thallas lill-investituri eligibbli fl-istess munita tal-investiment taghhom.