S.L. 370.30 Art. 16Information to known creditors. Cap. 386.

(1) When winding-up proceedings have commenced, the liquidator shall without delay individually inform all known creditors wheresoever resident or domiciled, in writing:

(a) that winding-up proceedings have commenced in relation to a Maltese investment firm;

(b) of the applicable time limits for the winding-up proceedings, if any;

(c) of the penalties laid down in regards to any time limits, if any;

(d) of the body or authority empowered to accept claims or observations relating to claims and the other measures laid down; and

(e) as to whether creditors whose claims are preferential or secured need lodge their claims. in rem

(2) Where the liquidator shall in terms of the Companies Act advise creditors as to inter alia the date and venue of any creditors meeting to which the addressee may be entitled to attend such notice in sub-regulation (1) shall be given without prejudice the provisions of article 296 of the Companies Act.

(3) The information set out in sub-regulation (1) shall be issued in English or in both English and Maltese.

(4) A form shall also be used bearing, in all the official languages of the European Union, the heading ''Invitation to lodge a claim. Time limits to be observed.''.