RE: Birds eye view10 Jun 2021 10:32
I like it Vinson:
2. New SOA deal
- Showing to FCA that shareholders contributed almost all of the shareholders equity (compensation provision)
- Rewrite SOA and show that there is much more equity (159m provision - 84m paid, plus 35m, plus 15% until claims are paid in full over time)
- Get guidelines from FCA about conditions under claims need to be upheld (if loan was repaid by customer, he should not be able to claim that he could not afford it)
- Get a non objection letter from FCA
- Go to voters and get +95% for the better deal with approval from FCA