MFSA verification

The Malta Financial Services Authority refers to Carmel Tonna's letter under the heading Strange Banking Behaviour By BOV (September 24). Through the good offices of The Times, Mr Tonna has been asked to provide to the MFSA whatever information is in...

The Malta Financial Services Authority refers to Carmel Tonna's letter under the heading Strange Banking Behaviour By BOV (September 24).

Through the good offices of The Times, Mr Tonna has been asked to provide to the MFSA whatever information is in his possession which leads him to state that "someone seems to be hell bent on depressing the price of BOV shares in order to facilitate some near future manoeuvring with the bank's shares".

His input will be invaluable in verifying whether anyone has violated the Prevention of Financial Markets Abuse Act "by disseminating false, exaggerated or misleading information, spreading false rumours, or putting into effect simulated or artificial operations or transactions or orders".

I am sure the correspondent will appreciate that the MFSA acts on facts and not on "fishy smells" and "raised eyebrows".

Robert Aquilina, manager, information office, The Malta Financial Services Authority, Mrieħel

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