Update for customers of MF Global

27th September 2013

Following the recent court decision, FSCS is aware that some customers of MF Global may be due a top-up compensation payment from us.

We have been working closely with the Special Administrator, KPMG, and have now received some data relating to top-up compensation and associated dividend payments.  However, because of the complex nature of the calculations, it may take some time to determine what payments, if any, are due to individual investors.

 

We appreciate this is a priority for MF Global customers, and would like to assure you that we are doing all we can to speed up the process. We will aim to provide more certainty about these payments in the next two weeks.