Tag: Financial Services Compensation Scheme

December 14, 2016 BY Valentina Kirilova

FCA proposes changes to FSCS client compensation rules

The Financial Conduct Authority (FCA) has today announced that it is inviting views on the future funding of the Financial Services Compensation Scheme (FSCS) and has also launched a consultation on a number of specific changes to its scheme rules. The FSCS is the UK’s statutory compensation scheme of last resort, which can step in…

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April 26, 2016 BY Maria Nikolova

FSCS sets levy for 2016/17 at £337 million

The Financial Services Compensation Scheme (FSCS), the UK's statutory compensation scheme for customers of authorised financial services firms, has announced its levy for 2016/17. FSCS, which is well known to former customers of Alpari (UK) Limited and LQD Markets UK, which fell victims of the Swiss franc spike on January 15, 2015, will levy £337 million…

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March 04, 2015 BY Maria Nikolova

FSCS issues update for Alpari (UK) clients on claim agreement process

An update to clients of insolvent retail Forex broker Alpari (UK) Limited appeared earlier today on the Financial Services Compensation Scheme (FSCS) website. The announcement would be of interest to those (former) clients of the broker that decide to make a separate claim for compensation to FSCS. Those clients should explicitly state their intention to…

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