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On 22 August 2023, we imposed restrictions on London Court Limited for failings relating to the 'My Investment Hub' platform.
Our actions mean that London Court Ltd cannot conduct regulated activities for either new clients or new investments. It can however provide bond administration and ISA management services to existing clients and investments they already hold.
Why have we taken this action?
We are concerned that London Court Ltd has inadequate systems and controls in place to ensure investments on its My Investment Hub platform are compatible with the needs of the clients to whom investments are distributed.
We have reviewed investments on the My Investment Hub platform and have serious concerns over the level of due diligence London Court Ltd has conducted.
We have issued a First Supervisory Notice which sets out the full details.
What should I do if I hold investments administered by London Court Ltd?
London Court Ltd is still able to provide ISA Management services to existing clients.
If you have any concerns, you can contact London Court Ltd or the investment provider which directly manages your investment.
If you have any information about London Court Ltd’s activities, please contact us.
https://www.fca.org.uk/news/news-sto...ndon-court-ltd
