The UK s Financial Conduct Authority (FCA) has approved Dye & Durham s takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link s involvement with the LF Woodford Equity Income Fund.
The regulator will not approve the deal unless Dye & Durham agrees to cover redress payments stemming from Link’s involvement in the Woodford fund collapse. The UK Financial Conduct Authority (FCA)
Link Fund Solutions, which managed the collapsed LF Woodford Equity Income Fund, could be forced to pay up to 306 million pounds ($358 million) in redress, Britain s Financial Conduct Authority said on Monday.
LONDON (Reuters) - Britain's markets watchdog on Monday imposed conditions on Dye and Durham's takeover of Link Fund Solutions, saying Link could be r.