Tue 06/13/2023 06:28 AM
Relevant Document:
FCA Guidance
The involvement of the U.K.’s Financial Conduct Authority, or FCA, in any scheme of arrangement can create additional cost, uncertainty and possible execution risk for the roughly 1,500 banks, building societies, credit unions, insurers and major investment firms it regulates (“Regulated Firms”).
The schemes of
Provident SPV Limited (now Vanquis Banking Group plc) and
Amigo Loans Ltd, both Regulated Firms, and both involving piecemeal challenges...
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