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Arbiter's Decisions

You can search for decisions delivered by the Arbiter for Financial Services and judgements delivered by the Court of Appeal (Civil, Inferior) for those decisions that have been appealed.

You may refine your search as wanted by the name of the financial services provider, the language of the decision, the decision year, decision date from/to, the sector, decision outcome, and whether the decision has been appealed or not. If you select by sector (e.g. 'Banking'), you may filter down your choice by selecting issue (e.g. 'Charges') and/or product (e.g. 'Cards'). Please browse the drop-down filters on the left-hand side.

The database of Arbiter's decisions is updated periodically. In accordance with the OAFS policy, complainants' names in such decisions are pseudonymised (the actual names are replaced by unrelated alphabetical references).

The remit of the Arbiter for Financial Services is to investigate and adjudicate complaints lodged by eligible complainants (individuals and micro-enterprises) against financial services providers who are licensed or authorised by the Maltese financial services regulator. When cases are referred to the Arbiter and a decision is issued, such a decision is binding on both parties.

Either party can request the Arbiter for clarification or correction to any computation, clerical, typographical, or similar errors within 15 days from the delivery of a decision. Decisions may be upheld in full, partially upheld, or rejected, and may be appealed by any of the parties.

As to the Court of Appeal (Civil, Inferior) judgements, we refer to the Court Services Agency's eCourts website (https://ecourts.gov.mt/onlineservices/) for the relevant case reference numbers and appeal judgements. Information about appealed decisions on our website is updated periodically. However, such information should always be cross-checked with the eCourts website as we make no representations or warranties of any kind, express or implied, as to its completeness, accuracy or reliability.

Please get in touch with us through our “Contact us” page if you come across any broken links or other incorrect information.Thank you.

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ASF case reference Financial Service Provider Outcome Date of Arbiter's Decision Appeal Court reference
ASF 053/2022 Foris Dax MT Limited (formerly MCO Malta Dax Limited ) Not Upheld 26/05/2023 Not Appealed
ASF 106/2022 Foris Dax MT Limited (formerly MCO Malta Dax Limited ) Not Upheld 26/05/2023 Not Appealed
ASF 091/2022 MZ Investment Services Limited Not Upheld 26/05/2023 Not Appealed
ASF 005/2022 STM Malta Pension Services Limited (formerly STM Malta Trust and Company Management Limited) Partially Upheld by Arbiter 17/05/2023 66/2023
ASF 108/2022 Mapfre MSV Life plc Not Upheld 17/05/2023 Not Appealed
ASF 015/2023 Truevo Payments Ltd Not Upheld 17/05/2023 Not Appealed
ASF 163/2021 STM Malta Pension Services Limited (formerly STM Malta Trust and Company Management Limited) Partially Upheld by Arbiter 17/05/2023 67/2023
ASF 005/2023 GasanMamo Insurance Limited Upheld by Arbiter 12/05/2023 Not Appealed
ASF 042/2021 TRIVE Financial Services Malta Limited(formerly AKFX Financial Services Limited) Not Upheld 12/05/2023 Not Appealed
ASF 036/2022 Foris Dax MT Limited (formerly MCO Malta Dax Limited ) Not Upheld 08/05/2023 Not Appealed
ASF 130/2022 Foris Dax MT Limited (formerly MCO Malta Dax Limited ) Not Upheld 08/05/2023 Not Appealed
ASF 117/2022 Lazarus Long Limited (formerly Phoenix Payments Limited) Not Upheld 08/05/2023 Not Appealed
ASF 025/2022 Argus Insurance Agencies Limited Partially Upheld by Arbiter 18/04/2023 Not Appealed
ASF 080/2022 Momentum Pensions Malta Limited Partially Upheld by Arbiter 18/04/2023 Not Appealed
ASF 062/2022 GasanMamo Insurance Limited Partially Upheld by Arbiter 18/04/2023 Not Appealed
ASF 128/2021 STM Malta Pension Services Limited (formerly STM Malta Trust and Company Management Limited) Not Upheld 18/04/2023 Not Appealed
ASF 076/2022 BNF Bank plc Not Upheld 14/03/2023 38/2023
In progress
ASF 072/2022 Mapfre MSV Life plc Not Upheld 14/03/2023 Not Appealed
ASF 071/2022 BNF Bank plc Not Upheld 14/03/2023 37/2023
In progress
ASF 040/2022 Momentum Pensions Malta Limited Not Upheld 14/03/2023 Not Appealed