S.L. 370.9 Art. 15Verification of claims. Cap. 373.

(1) The Management Committee shall make its own administrative arrangements for verifying claims. These arrangements shall include:

(a) providing an application form for claimants both in English and in Maltese;

(b) providing for the exercise of the Management Committee’s right of subrogation under regulation 22; and

(c) requiring claimants to give:

(i) their identity and address;

(ii) the capacity in which they claim;

(iii) evidence of the investments; and

(iv) any other information as may be required by the Management Committee.

(2) The Management Committee may refuse to make a payment for compensation until the claimant informs the Management Committee as to the capacity in which he is the beneficial owner of the investment and provides satisfactory documentary evidence and information to allow the Management Committee to determine the amount of compensation payable.

(3) The Management Committee may decide to delay payment to a claimant until determination of any criminal charge brought against the claimant, investor, or any person entitled to or interested in respect of an investment under the provisions of the Prevention of Money Laundering Act or a corresponding law of a country outside Malta.

(4) Where in the opinion of the Management Committee circumstances so warrant, the Management Committee may effect part payments to claimants eligible for compensation under these regulations.