1st November 2011
M F Global was placed into the special administration regime yesterday (31 October 2011).
The Financial Services Compensation Scheme is aware of the situation and is working with the Financial Services Authority to understand the possible impact on UK investors. It is too early at this stage to provide more detail about potential claims.
Once it knows more, the FSCS will clarify what claims it may be able to consider in relation to the firm, and how investors can claim compensation.
Mark Neale, Chief Executive of the FSCS, said: “We are aware of the situation with the firm and will move as quickly as we can to clarify the position for UK investors. We will provide more information on our website as soon as we can.
The FSCS can compensate consumers who lose money when authorised financial services firms go bust. Since 2001, it has helped more than 4 million people and paid out more than £23bn in compensation.