Expedited Ruling - 28 March 2018

Key issues: Authorised deposit-taking institution | Bonus shares | Constitution

Case summary

In regards to Bonus shares issued to members of a financial service provider (FSP) it was found that the Bonus shares were governed by the FSP’s constitution. As such the complaint was not made out as the FSP did not have an obligation to honour the bonus shares as requested by the consumer.

Follow this link for a full copy in PDF >> Expedited Ruling | 28 March 2018