Malta

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Distance Selling (Retail Financial Services) Regulations (330.07)

10 (1) Without prejudice to any provisions on the tacit renewal of distance contracts, a consumer is not liable to pay a supplier for any unsolicited financial services supplied to the consumer without any prior request. (2) A consumer may treat any unsolicited financial services supplied by a supplier as if they were an unconditional gift and any right of the supplier thereto shall be terminated. (3) A supplier who makes a demand for payment, or asserts a present or prospective right to payment for financial services unsolicited by the consumer, shall be liable to an administrative penalty in terms of regulation 25. (4) A supplier shall be liable to an administrative penalty in terms of regulation 25, if with a view to obtaining any payment for unsolicited financial services, the supplier - (a) threatens to bring any legal proceedings against the consumer; (b) places or causes to be placed the name of a consumer on a list of defaulters or debtors, or threatens to do so; or (c) invokes or causes to be invoked any other collection procedure, against the consumer or threatens to do so.