This media statement issued by the Malta Financial Services Authority [“MFSA”] is intended to update the general public on the latest developments regarding ARM Asset Backed Securities SA (“ARM”).

In the media statement of 10th December 2013, the Authority had informed the general public that the UK’s Financial Services Compensation Scheme [‘FSCS’] were considering whether Catalyst could be liable for some losses sustained by some investors in ARM. The MFSA is in continuous discussion with the FSCS in order to determine whether Maltese investors in ARM securities can make claims against the FSCS.

On 24th December 2013, the FSCS issued a media statement informing investors that there was going to be a delay in the invitation to submit claims against Catalyst which is now envisaged to start in February or March 2014 due to the need to gather data from additional sources.

The Authority would like to remind the general public, that at this stage, the FSCS has not concluded whether Maltese investors in ARM are eligible for compensation. The Authority is collaborating with the FSCS in providing the requested information. The Authority will continue to update Maltese investors with any developments.