Source · Select Committees · Treasury Committee
Recommendation 11
11
The case of LCF illustrates how important it is that the FCA looks at a...
Conclusion
The case of LCF illustrates how important it is that the FCA looks at a regulated firm’s activities both within and outside the perimeter of regulation. The FCA’s failure to consider issues raised in LCF’s unregulated bond business led to red flags being missed. (Paragraph 92) 50 The Financial Conduct Authority’s Regulation of London Capital & Finance plc
Government Response
A response document is linked to this report, dated 13 September 2021. Response attribution to this conclusion has not been verified. Read the response document ↗