London Court enters liquidation following FCA scrutiny

FSCS anticipates ‘complex’ claims investigation

Jen Frost
clock • 2 min read

London Court has entered creditors’ voluntary liquidation following the imposition of regulatory restrictions around a year ago.

Quantuma Advisory's Rehan Ahmed and Tauseef Rashid have been appointed as joint liquidators of the Kensington-based ISA manager and investment adviser. The Financial Services Compensation Scheme (FSCS) has opened to London Court customer claims. However, it noted that its team is set to investigate whether claims meet the "qualifying conditions" for compensation. "We anticipate this will be a complex investigation and we anticipate working very closely with the jJoint lLiquidators," the FSCS stated. London Court previously faced FCA supervisory action  London Court acted as a bon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Jen Frost
Author spotlight

Jen Frost

Editor at Professional Adviser

More on Regulation

Is simplified advice still on the table?

Is simplified advice still on the table?

FCA department head acknowledges ‘more enthusiasm’ for targeted support

Jen Frost
clock 15 October 2024 • 2 min read
FCA's Hulme: Consolidation review a response to 'industry-led' concerns

FCA's Hulme: Consolidation review a response to 'industry-led' concerns

FCA ‘agnostic’ on firm size, department head sets out

Jen Frost
clock 14 October 2024 • 3 min read
FCA headquarters hit with rally calling for better regulation

FCA headquarters hit with rally calling for better regulation

Held by the Transparency Task Force following regulator’s annual public meeting

Isabel Baxter
clock 26 September 2024 • 3 min read