The Malta Financial Services Authority (“MFSA” or “the Authority”) decided that Mr Marcel Boekhoorn can no longer be deemed as being fit and proper to hold any approved positions by the MFSA.

REGULATORY ACTION

On 2 October 2025, the MFSA has decided that Mr Marcel Boekhoorn can no longer be deemed as being fit and proper to hold approved positions by the MFSA. Therefore, in terms of Article 4(B)(1) of the Banking Act (Chapter 371 of the Laws of Malta), the MFSA has directed Mr Boekhoorn to:

1. Divest himself, at the earliest possible and by not later than six (6) months from the date of the MFSA’s decision, of his qualifying shareholding which he holds, whether directly or indirectly, in Novum Bank Limited (C46997); and
2. Prohibit him from accepting any new positions, which necessitate the approval of the Authority including shareholding positions in entities or in relation to activities licensed and/or otherwise supervised by the MFSA.

This prohibition will remain in place until proceedings currently underway become res judicata, and the Authority will at that stage consider whether to vary, alter, add to, or withdraw the directives after considering such ruling.

It should be noted that the MFSA’s decision may be appealed before the Financial Services Tribunal within the period as prescribed by the applicable law.

PUBLICATION

This notice is being published in terms of Article 16(8) of the Malta Financial Services Authority Act and the MFSA’s Publication Policy.