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UK Financial Conduct Authority: Blue Gate Capital Limited Ordered To Pay Connaught Investors £203,007 Date 18/12/2020 The FCA has publicly censured Blue Gate Capital Limited (Blue Gate) and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1 (the Fund).  The Fund, also formerly known as the Guaranteed Low Risk Income Fund Series 1, is in liquidation.  The restitution payments to investors will be made via the FCA. Mark Steward, the Executive Director of Enforcement and Market Oversight at the FCA said: ‘FCA-authorised operators of funds are expected to undertake sufficient due diligence on the funds they operate. In this case, significant and serious deficiencies existed in the Fund at the time Blue Gate became Operator of the Fund and these deficiencies left investors exposed and unprotected.  

United kingdomRisk income fund seriesConnaught income fund seriesOperator of the fundCapita financial managers limitedBlue gate as operator of the fundRegulatory decisions committeeGuaranteed low risk income fund seriesExecutive directorMarket oversightBlue gateDecisions committeeஒன்றுபட்டது கிஂக்டம்ஆபத்து வருமானம் நிதி தொடர்இணைத்தல் வருமானம் நிதி தொடர்ஆபரேட்டர் ஆஃப் தி நிதி