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This approach will reflect what FCA considers appropriate in individual cases in accordance with the approach set out in its Complaints Schemeremedies statementand the statutory framework by which FCA is bound.
FCA has then identified investors who were given incorrect information in these direct communications with the FCA which may Tesco Regulatory Framework led them to conclude their investment would be safer than it was. Given the exceptional circumstances FCA intends to offer ex gratia payments to the small number of investors who fall into this category who have not already been compensated by the Financial Services Compensation Scheme FSCS.
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FCA will be proactively contacting those investors directly to discuss the details of the payments and how they will interact with the government compensation scheme and any payments made by the FSCS. Complaints by other investors will be considered individually in accordance with the Complaints Scheme. FCA Tesco Regulatory Framework being able to provide a response to complainants by the end of June. Share this:.]
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