Back
Register for SMS Alerts
or enter your details manually below...
First Name:
Last Name:
Email:
Password:
Hometown:
Birthday:
Sorry, we couldn't find that email.
Existing users
Email
Password
Sorry, we couldn't find those details.
Enter Email
Sorry, we couldn't find that email.

Investors, get wise: Know your rights before investing your money

Ministry for consumer affairs launches charters for financial and banking services, to inform investors of their rights and obligations

yannick_pace
Yannick Pace
4 January 2017, 11:19am
Minister Helena Dalli said that the charter seeks to help consumers pre-empt certain mistakes
Minister Helena Dalli said that the charter seeks to help consumers pre-empt certain mistakes
The ministry for Consumer Affairs will be distributing a leaflet that outlines investors’ right and obligations when making financial investments and using banking services in all homes, in a bid to better inform people of potential risks associated with such services.

“From our research, we realised that many people are not completely aware of their rights and so we felt it was necessary to publish these charters,” said Consumer Affairs minister Helena Dalli.

Dalli was addressing those present at the launch of the charters on financial investments and banking services for consumers. She said that the government is committed to strengthening consumer rights within the financial sector and that the charters were part of the government’s pledge to be “closer to consumers.

Dalli said that not all people might fully know what charges and fees are involved in certain transactions or services.

“We want people to have all the information, before they enter into a commitment. Mistakes will always be made but, through these charters, we are trying to pre-empt certain mistakes,” said the Minister.

The charters highlight rights such as being informed of all costs associated with the services they are using, the right to be informed if there is a change in fees or particular conditions, as well as being clearly informed of the risks associated with a particular investment.

Apart from being distributed in all homes, the charter will also be available online, on the ministry’s website. 

yannick_pace
Yannick joined MaltaToday as a journalist in 2016. His main areas of interest are politics...
DealToday
Latest Business News
Business Comment 09:19
European Markets closed mixed on Wednesday amid the unveiling of the United Kingdom's autumn budget
Business Comment 08:44
As a result of the government's proactivity, business negotiations with the China Aircraft Leasing Group (CALC) are underway but what ca...
Business News 22-11
Nationalist MEP David Casa has demanded that the MFSA revoke the licence of the private bank Pilatus, which was at the centre of the Egrant ...
Business News 22-11
New chairman Mohamed Fadhel Kraiem took over at the helm of GO plc, replacing Nizar Bouguila
Business Comment 22-11
Rallying markets, Wall Street downgrades & Cyberattacks for Uber