RE: Love to know31 Oct 2022 12:48
26th November is a date much bandied about, but....
the following gobblegook is listed on the Amigo help pages....
make of it , what you will !!!
"There is a risk that customers eligible for a Legacy Claim do not receive redress if they do not make a claim under the Scheme by the 26 November 2022. Amigo wishes to reduce this risk and has therefore agreed with the FCA to put in place a mechanism for these specific claims only. Full details are contained in the Replacement Deed of Undertaking to the FCA (“Replacement Deed “) on our website. In short, the Replacement Deed states that Amigo will:
(a) after 26 November 2022: (i) identify any Legacy Claim customers that have not made a claim in the Scheme; and (ii) use reasonable endeavours to contact those customers and pay redress;
(b) by 3 December 2022 provide details of those customers to the FCA;
(c) as soon as reasonably practicable but no later than 7 days after the Scheme Payment Percentage has been agreed under the Scheme provide to the FCA details of: (i) the Scheme Payment Percentage; and (ii) the amount that would be payable in respect of outstanding Legacy Claims;
(d) within 7 days of any Scheme Payment being made to Scheme creditors pay redress on Legacy Claims (at the same payment percentage received by Scheme Creditors)from assets that are not allocated to Scheme Creditors;
(e) contact monthly (for 12 months after the Scheme has terminated) any Legacy Claims customers that have not been paid;
(f) confirm to the FCA on request the details of Legacy Claims customers that have not been paid; and
(g) agree with the FCA the form and content of any communication to be made to Legacy Claims customers.
...............................
;-)
GLA
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