OCTOBER 06, 2011

The Malta Financial Services Authority has recently been notified that an entity called Yellowdale which purports to offer online short-term loans is claiming to be a company registered in Malta. The MFSA wishes to alert the public, in Malta and abroad, that Yellowdale is not a company registered in Malta and is certainly not authorised by the MFSA to provide any type of financial service, including the provision of short-term loans to retail or other customers. Accordingly, the MFSA warns the public against dealing with this company.

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made holds a licence to provide such services from the MFSA or another reputable financial services regulator.

A list of entities licensed by the MFSA is available from the Malta Financial Services Authority, and can be viewed on .