Fourth Report - The Financial Conduct Authority’s Regulation of London Capital & Finance plc

Select Committee
Treasury Committee HC 149 24 June 2021
Report Status Government responded
Conclusions & Recommendations 38 items (22 recs)
Source View on Parliament website
Government Response (AI assessment · 38 of 38 classified)
Accepted 10
Accepted in Part 1
Acknowledged 9
Deferred 1
Not Addressed 17
Government response
Second Special Report: The Financial Conduct Authority's Regulation of London Capital & Finance plc: responses to the Committee's Fourth Report of Session 2021-22 · published 13 Sep 2021
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Recommendations & Conclusions

1 results
29 Recommendation Accepted in Part
Para 159
We note that there are other ongoing discussions and channels by which LCF bondholders can...
Recommendation
We note that there are other ongoing discussions and channels by which LCF bondholders can seek compensation, such as through the FCA complaints scheme 52 The Financial Conduct Authority’s Regulation of London Capital & Finance plc and through LCF administrators. … Read more
Government Response Summary
The Treasury is ensuring the LCF compensation scheme is coordinated with the administration process and the FCA complaints scheme. While acknowledging issues with the FCA's complaints handling, the government notes the FCA's improvement plans and commits to monitoring their delivery, stating the scheme's design is a matter for independent regulators.
HM Treasury
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