Correspondence
Update on Investigation into LCF – August 2020
Exchange of letters relating to the timing of the Independent Investigation into London Capital and Finance plc (LCF).
Documents
Details
- Dame Elizabeth Gloster wrote to the Financial Conduct Authority on 21 August 2020 advising that it would not be possible for her to complete her investigation by the updated target date of 30 September 2020. Her letter sets out the reasons for the delay and proposes a revised target date for completion of 23 November 2020.
- Charles Randell, Chair of the FCA, replied on 22 August confirming that the FCA has no objection to the proposed extension and will continue to work with Dame Elizabeth to deliver to this timescale.
- Charles Randell and Dame Elizabeth also wrote to the Economic Secretary to the Treasury, John Glen MP on this subject on 24 August.
- The Economic Secretary responded to Dame Elizabeth’s letter on 27 August 2020.
- For more detail please see here.