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Amigo Loans' scheme of arrangement can be improved after court rejection, UK's FCA says

( May 25, 2021, 09:25 GMT | Official Statement) -- MLex Summary: An Amigo scheme of arrangement that was rejected by the UK's High Court can be made fairer, the Financial Conduct Authority said today. In a statement following the court’s rejection of Amigo’s proposal, the FCA said it's "carefully considering" the court’s judgment and Amigo’s response. The FCA had objected to the proposed scheme when the application was first published in Marchand says it wants to get a fairer deal for customers due compensation.Statement follows...

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