The currently proposed conditions provide that the FCA will not approve the proposed acquisition unless Dye & Durham undertakes to cover any shortfall in the value of the assets of Link Fund Solutions Limited (“LFS”), up to a maximum of £306 million (approximately A$523 million or C$465 million) in relation to any restitution and/or redress payments that the FCA may levy on LFS in relation to its management of the LF Woodford Equity and Income Fund (“Woodford Fund”). For certainty, the process by which any restitution and/or redress liability is decided is still underway and no determinations in that respect have been made.
at 306 m pounds that be the biggest fine potentially ever handed out i reckon so i guess the question is what amount in reality will the fca settle on thru negoiation? so dye and durham and link would have to guess a amount likely to be fined by FCA
The currently proposed conditions provide that the FCA will not...
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