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Govt unveils scheme details to compensate LCF bondholders

Govt unveils scheme details to compensate LCF bondholders
By
Jon Yarker
19
th April 2021
4:14 pm
The government has revealed details of a new compensation scheme for investors in London Capital & Finance.
It aims to refund 80 per cent of their initial investment up to £68,000.
At the same time, the FCA says it will make further compensation payments to a small number of bondholders it failed to protect directly.
The government compensation scheme will be made available to LCF bondholders who have not already received compensation from the Financial Services Compensation Scheme.
Compensation from FSCS is limited in scope and only payable when a relevant regulated activity has been undertaken. Although the FSCS has paid out over £57m in compensation, the majority of claims have been denied due to the unregulated nature of minibonds involved in the case. ....

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UK Financial Conduct Authority Sets Out Approach To Assessing Connaught Complaints

UK Financial Conduct Authority Sets Out Approach To Assessing Connaught Complaints
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.

Connaught Income Fund Series , Office Of The Complaints Commissioner , Raj Parker , Independent Review , Complaints Scheme , இணைத்தல் வருமானம் நிதி தொடர் , ராஜ் பார்க்கர் , சுயாதீனமான விமர்சனம் , புகார்கள் திட்டம் ,

UK Financial Conduct Authority Sets Out Broad Approach To Assessing LCF Complaints

UK Financial Conduct Authority Sets Out Broad Approach To Assessing LCF Complaints
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.

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City watchdog report on failed currency exchange a 'whitewash'

City watchdog report on failed currency exchange a 'whitewash'
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

United States , Pauline Creasey , Andrew Bailey , Financial Conduct Authority , Complaints Scheme , Telegraph Money , ஒன்றுபட்டது மாநிலங்களில் , பாலீந் க்ரீஸி , ஆண்ட்ரூ பெய்லி , நிதி நடத்தை அதிகாரம் , புகார்கள் திட்டம் , தந்தி பணம் ,

UK Financial Conduct Authority Responds To Independent Reviews Into Its Regulation Of London Capital & Finance And Connaught

UK Financial Conduct Authority Responds To Independent Reviews Into Its Regulation Of London Capital & Finance And Connaught
Date
17/12/2020
The FCA has today responded to the independent reviews of its regulation of London Capital & Finance plc (LCF) and Connaught Income Fund Series 1 and connected companies (Connaught).
The reviews, undertaken by Dame Elizabeth Gloster and Raj Parker respectively, are now available – The LCF Review and The Connaught Review.
The FCA has accepted the nine recommendations addressed solely to the FCA in the LCF Review and the five lessons identified by the Connaught Review.
The LCF Review
The LCF Review has assessed the FCA’s actions, policies and approach when regulating LCF between April 2014 and January 2019. ....

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