Follow up visit. | P2P Independent Forum

Follow up visit. Mar 1, 2018 7:24:25 GMT via Tapatalk

Quote

Post by stub8535 on Mar 1, 2018 7:24:25 GMT

Mar 1, 2018 0:15:26 GMT @new2p2p said:

Feb 28, 2018 23:37:33 GMT stub8535 said:

They may go down Gordon's mentioned restructure at the same time to clean the company for when they recieve the correct authorisation and reopen from administration.

They'll need something stronger than a spit moistened hanky to get the stains out of their individual and collective reputations after this little episode.

Information request
As Administrator, I have a duty to consider the conduct of those who have been directors of the Company at any time during the last three years.

I await the Administrators findings on directors' conduct with interest and also on whether it perceives the collective actions of Collateral and the FCA in the weeks and days leading up to this event could have been handled in a more effective manner, should it feel obliged to make such a comment.

I too will watch AND WAIT with interest to see if that standard contractual term creates anything untoward.

Until the point that it does then I choose to give benefit of doubt to the directors.

I would like to see an investigation into the process involved wrt the permissions in order to understand the stoppers to full authorisation being given to Coll.
We have seen very dubious people/ platforms given full authorisation that managed to convince the FCA representative that they had fit and proper people and processes in place even though history before and after authorisation prove otherwise.

How many p2p companies operate under interim permissions? Are they to change how they present the information to make it obvious? Is the granting process of full permission going to be evaluated and timeframes/ reporting conditions put in place by FCA if it's not already there?