FIN.

FCA responds to Amigo Scheme rejection

The High Court has refused to sanction Amigo’s proposed Scheme of Arrangement. The FCA, having previously objected to the Scheme, has now responded to the ruling.

The FCA considers the decision is an important judgment and one which any firm considering a scheme of arrangement should take into account. The FCA’s response also sets out answers to questions that consumers may have.

Lucy Hadrill