FSCS prepares to open govt LCF compensation scheme
FSCS is administering the London Capital & Finance (LCF) compensation scheme on behalf of the government.
London Capital & Finance
UK SFO continues to investigate London Capital & Finance dealings
The SFO continues to investigate the dealings of London Capital and Finance Plc (LCF) and associated companies.
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.
FCA slammed for its regulation of London Capital and Finance
The UK Treasury Committee slams the FCA for the way it handled the case of London Capital and Finance plc (LCF).
UK Govt introduces legislation for London Capital & Finance compensation
The LCF Compensation Scheme is set to compensate bondholders who suffered losses after investing in London Capital & Finance.
UK Govt unveils compensation scheme for London Capital & Finance bondholders
The UK government will establish a scheme that provides 80% of LCF bondholders’ initial investment up to a maximum of £68,000.
UK Serious Fraud Office gets 3,825 responses to LCF questionnaire
Today, the UK Serious Fraud Office (SFO) closed the London Capital & Finance (LCF) questionnaire, after getting 3,825 responses.
FSCS payouts to London Capital & Finance bondholders reach £56.3M
FSCS has now paid out just over £56.3 million in compensation to London Capital & Finance bondholders who held 3,815 LCF bonds.
UK MPs seek clarity from Andrew Bailey on London Capital & Finance report
Andrew Bailey has to explain the concept of culpability with regards to the regulatory supervision of LCF.
Compensation payments to London Capital & Finance bondholders top £56.3m
FSCS has now paid out just over £56.3 million in compensation to 2,878 London Capital & Finance (LCF) bondholders.
