FCA responds to 98% of London Capital & Finance complainants
As at 23 August 2021, the FCA had responded to 98% of the 1,106 London Capital & Finance (LCF) complainants.
As at 23 August 2021, the FCA had responded to 98% of the 1,106 London Capital & Finance (LCF) complainants.
The UK government plans to bring the issuance of non-transferable debt securities (mini-bonds) within the scope of financial services regulation.
The UK Treasury Committee slams the FCA for the way it handled the case of London Capital and Finance plc (LCF).
The LCF Compensation Scheme is set to compensate bondholders who suffered losses after investing in London Capital & Finance.
The UK government will establish a scheme that provides 80% of LCF bondholders’ initial investment up to a maximum of £68,000.
Today, the UK Serious Fraud Office (SFO) closed the London Capital & Finance (LCF) questionnaire, after getting 3,825 responses.
Andrew Bailey has to explain the concept of culpability with regards to the regulatory supervision of LCF.
Andrew Bailey gets slammed for asking author of London Capital & Finance report to delete the reference to individual responsibility.
FSCS has revised the 2020/21 supplementary levy due to fewer LCF claims being upheld than initially forecast.
An independent investigation has concluded that the permissions granted by the FCA to LCF were not appropriate.