“If FCA regulated companies wish to limit their liabilities, they should provide the best possible outcome for customers. This includes providing the maximum amount of funding possible to meet compensation claims.
Failure to do so could lead to the FCA objecting to the firm’s proposals in court, and/or using its regulatory powers where appropriate. These powers could include enforcement actions against companies and their senior managers.” Partner Robert Paterson has written a piece discussing the FCA consultation on restructuring guidance.
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