3rd December 2013
Since our previous announcement, ARM Asset Backed Securities SA was placed into provisional liquidation on 9 October 2013, with Mark Shaw and Malcolm Cohen of BDO LLP appointed as the Provisional Liquidators.
FSCS has been working closely with the Provisional Liquidators to gather the information needed to finalise our claims process. This work is ongoing and, once completed, we will be in a position to start inviting claims for compensation.
We hope to start inviting claims from early 2014 and, in any event, will provide a further update on our progress before the end of December 2013.
Investors do not need to take any action at this stage.
Please see our accompanying “Questions and Answers” for information regarding our expected claims process.