Update re FCA Motor Finance redress scheme
Secure Trust Bank PLC has acknowledged the Financial Conduct Authority's final details regarding an industry-wide redress scheme for UK motor finance commissions. The bank is currently reviewing the scheme's implementation requirements and potential financial implications, and will provide further market updates as necessary.
Select text to share a quote on X · sign in to keep highlights & notes in your STB notes
Secure Trust Bank PLC ("STB" or the "Group") notes the publication yesterday evening of the final details of the Financial Conduct Authority's ("FCA") industry-wide redress scheme relating to UK motor finance commissions.
The Group is reviewing the details of the FCA's scheme, including the implementation requirements and financial implications. The Group will provide further updates to the market as appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.