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6

Financial Conduct Authority (FCA) Update

The Financial Conduct Authority (FCA) has brokered an understanding with 12 card that is leading providers for about 2m clients to claim right back settlement. The scheme has to be voted on by epgible clients and formally authorized by the tall Court before settlement may be compensated.

A lot of clients whom vote will have to do this in preference of the scheme because of this to occur, meaning settlement is anticipated to be compensated later on in 2010.

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