UK FSCS enables Reyker Securities clients to access their assets
Most of the 11,500 former clients of wealth management firm Reyker Securities plc have regained access to their assets.
Most of the 11,500 former clients of wealth management firm Reyker Securities plc have regained access to their assets.
FSCS has now paid out just over £56.3 million in compensation to London Capital & Finance bondholders who held 3,815 LCF bonds.
FSCS says it will take a few weeks to prepare the application process for AFX Markets compensation.
FSCS has concluded that customers of AFX Markets Ltd may be able to receive compensation regarding the losses suffered.
More customers are in line for compensation, as the UK FSCS declares 14 firms in default in the first two months of 2021.
FSCS has now paid out just over £56.3 million in compensation to 2,878 London Capital & Finance (LCF) bondholders.
FSCS will cover the costs of the Special Administration of Reyker Securities for almost every customer.
FSCS has revised the 2020/21 supplementary levy due to fewer LCF claims being upheld than initially forecast.
The UK Financial Services Compensation Scheme (FSCS) declared 13 firms in the default in the last two months of 2020.
The administrators have continued to work with the FSCS to confirm the extent of Reyker Securities clients eligible for compensation.