Member Info for dunc1273

I agree Tiger

That may be why Gary took the job in the first place?

I can only see good news going forward. No way are GJ and the Board going to let the FCA scupper this after all the brilliant hard work they have done to repair Amigo. I don't honestly think the FCA can do anything next Wednesday anyway but I suspect that GJ etc will be talking to them and appease them before the Court sanction of the SOA in any event. I believe all the fences have been jumped and we now have a small hurdle to jump to get to the winning line

As far as I am aware the Prudential Regulatory Authority look after smaller institutions such as Insurance Brokers etc and the FCA deal with larger institutions such as Banks

I agree Franky - always have agreed with what you have said

Also remember that the procedure for the SOA and it's approval has already been agreed by the Court. Why should it now go back on that just because the FCA have changed their mind?

They'll definitely appeal if it doesn't go through Court but I don't think there is any danger of the FSC stopping the SOA

Four for me - my Broker will love me!!

I've just had a thought - if the FCA had opposed the scheme initially that could well have influenced people and meant a NO vote so I wonder if this was done deliberately to get the scheme through but save face if the s..t hits the fan later??

Also, do the FCA actually have any legal standing as far as the SOA goes? They are just a regulator and can only put forward their views which they did in March - it doesn't look good a regulator changing their mind just because the creditors voted in favour of the scheme which is the only information we have at the moment

Agree Robbo and I think the Judge will say that at the hearing - probably why staff from the FCA aren't attending and they are sending Counsel to take the stick for them

It seems very coincidental that it came at the same time Jonno!

Agree 100% cjmarritt19

The FCA have been 100% aware of who is eligible to vote from day one - they were also aware that the votes of past customers would count for more in monetary terms as the loans had all been settled. All this information has been perfectly clear from day one.

I 100% accept this objection is purely because Amigo notified them of the vote results and they thought they had better make some representation just in case there is backlash at a later stage. If I was the Judge I would say that they had plenty of time to object to the scheme prior to the first Court hearing and didn't so their objections are now totally invalid and a case of closing the stable door after the horse has bolted.

No but the FCA knew the details of the scheme and wo would be eligible to vote

They knew that from the start as it was made perfectly clear at the outset and they had plenty of time to object before the first Court hearing

Not many people do Mouse

Not as much fun as last Tuesday! This time last week we were all glued to the commentary from ISA-Investor

I wouldn’t bother if I were you - she’s not worth the effort

What I took from that ISA is that (as far as I understand it) there won't be a next hearing if the vote is NO - I could be wrong but to me that was a very positive indication from the Judge (although I appreciate he is impartial)