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FSA meeting positive and constructive – Bollers

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An official of the Financial Services Authority (FSA) has told SEARCHLIGHT that last Thursday’s meeting with shareholders of the St Vincent Building and Loan Association was “overwhelmingly positive”.{{more}}

Executive director of the Authority Sharda Bollers, in a brief statement to SEARCHLIGHT, that the Authority “found the meeting overwhelmingly positive and constructive,” and that exchanges between the Authority and members were very “useful and informative.”

Bollers opted not to give in depth details of the meeting, saying that a full press statement will be released shortly.

The media was not allowed to attend last week’s session, which was held at the Peace Memorial Hall in Kingstown.

Since taking over day-to-day control of the Association on February 1, 2013, because of a run on the institution, last Thursday’s meeting was the first the Authority has held with shareholders.

A source has confirmed as at April 11, 666 shareholders have made official requests to withdraw their investments.

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