Customers of MF Global UK Limited will be sent claims forms imminently
4th January 2012
Private customers of MF Global UK Limited with an individual account only will be sent an application form from the FSCS to make a claim for compensation, within the next few days.
The FSCS has been working with KPMG, the administrators of MF Global UK Limited, to obtain the required data relating to customers’ accounts, and is now in a position to start mailing its application forms. The FSCS is adopting a phased approach to the mailing to the various categories of customer, and is currently in the process of sending application forms to private individuals. Application forms for corporate accounts held with MF Global will be sent once we receive the necessary information and balances from KPMG. We expect these application forms to be sent by the end of February.
When customers receive an application form they should complete it as fully as possible, and return it using the envelope provided with copies of any documentation they consider relevant to their claim. If customers have a private individual account with MF Global, and haven’t received an FSCS application form by the 23rd January 2012, please contact the FSCS directly.
Mark Neale, FSCS Chief Executive says, “Although we will not be able to complete claims until KPMG is able to confirm account balances, we want to assure customers of MF Global that we are working with KPMG to ensure eligible claimants are compensated as quickly as possible.”
The FSCS will continue to keep customers of MF Global UK Limited informed about its progress by providing a further update on its website when it is in a position to do so.
In relation to investment claims against the firm, the FSCS can pay up to £50,000 in compensation per person.