Financial Conduct Authority warns firms against limiting liabilities

Consultation open until 1 March

clock • 1 min read
FCA said it would reject proposals and use its regulatory powers where appropriate
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FCA said it would reject proposals and use its regulatory powers where appropriate

The Financial Conduct Authority has warned firms they should not be using company and insolvency law to minimise their liabilities.

In proposed guidance, published today (25 January), the regulator said it had seen an increase in firms developing ‘Schemes of Arrangements', particularly when it comes to redress liabilities and that...

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