City Equities Limited update

6th November 2013

London-based stockbroker firm City Equities Limited was placed into the special administration regime on 11 October 2013.

FSCS has been liaising with the special administrator, Andrew Andronikou and Peter Kubik of UHY Hacker Young LLP, to understand what the failure of the firm might mean for its customers. The special administrators have advised that they are in the process of contacting all customers.

Any customer of City Equities Limited who believes they may have a claim against the firm should contact the FSCS Initial Contact Team on freephone 0800 678 1100 or 020 7741 4100.

For those customers who have already made a claim to the Financial Ombudsman Service (FOS), FSCS has now received those claims from the FOS and will be contacting those claimants directly with an application form, so they do not need to take any action.