UPDATE: Lender Support / Opt-in Action Required
May 16, 2021 21:34:10 GMT
number5 and p2psws like this
Post by blencathra on May 16, 2021 21:34:10 GMT
Update and LAST CALL to Opt-in by midnight on Monday 17th May or inclusion is not guaranteed
Firstly, many thanks to all those who have already opted-in.
This is the LAST CALL for those interested to Opt-in by midnight on Monday 17th May.
Letters are planned to be sent on 18th May to parties who may be interested in our plight.
Here are more details:
Lender Support / Opt-in Action Required
Correspondence to the FCA/MPs/Treasury and/or other groups holds more weight if it’s supported by a united group, rather than individuals, hence we need to show a united front.
We are now at the stage where we have to declare who is signed up to FSAG and ideally LAG group, and importantly, that we have their unequivocal permission to write/communicate on their behalf.
We are to write to the above letters of complaint highlighting the multiple failures of the FCA in regards to both Lendy and Funding Secure and seeking a Public Inquiry into the purported lack of Supervision demonstrated by the FCA in regards to both these companies.
This is especially pertinent for FS, where the FCA approved a Change of Control procedure in October 2018. We can only hypothesise that not all the protocols could possibly have been followed by the FCA prior to granting the Change of Control.
Will all those lenders that wish to have their names associated with these proposed letters, please give FSAG your written consent to add your name at the bottom of the letters we are to write.
The letters will be signed as a list of all people's names that have opt-in.
THIS OPT-IN PERMISSION NEEDS TO BE CONFIRMED BY EMAIL (LEGALITY).
• Please send your approval in writing to FSAGFCA@yahoo.com
• In the basic form of “[your name] gives my full support to FSAG”
• Please include:
(1) your first and last name. This is 100% required to opt-in.
(2) the name of your MP, his/her political party and constituency (saves us time later on in hunting out 100's of MPs), - if you live abroad and therefore do not have an MP, or you do not know your MP, please ignore point (2).
(3) if you have funds in FS or Lendy, and if you want to divulge the amount you have currently frozen (1st May 2021) in each company. This will give us a cumulative idea as to how large the problem is compared to other FCA regulated and non-regulated collapses recently.
Should you be aware of anyone who is not signed up to FSAG, please forward this post to them for their consideration to opt-in.
If you are NOT fully satisfied with the proposed way forward, please do NOT respond to this request. If you do not want to share your info, then only share what you are comfortable sharing.
We have a very small team here and doing what we can with quite literally zero resources.
A copy of the letter(s) will not be published on FSAG, as last time a letter was published in good faith on the platform for the lender’s info, the joint administrators quoted the letter in court.
The above is done purely as a goodwill gesture on our part.
If you do not feel happy, or are not in agreement by 100% support in providing your name, or concerned about any ramifications, then please don’t support.
If you are satisfied with the low returns you are likely to receive and do not wish to try and improve on those, your support is not expected.
The above is not an alternative to everyone making their own representation, you must also continue to chase up the FCA on your own accord. Literally, every letter they receive will add to our and your chances of success.
All the best,
FSAG Team on behalf of Marc Mason & FSAG Team
Firstly, many thanks to all those who have already opted-in.
This is the LAST CALL for those interested to Opt-in by midnight on Monday 17th May.
Letters are planned to be sent on 18th May to parties who may be interested in our plight.
Here are more details:
Lender Support / Opt-in Action Required
Correspondence to the FCA/MPs/Treasury and/or other groups holds more weight if it’s supported by a united group, rather than individuals, hence we need to show a united front.
We are now at the stage where we have to declare who is signed up to FSAG and ideally LAG group, and importantly, that we have their unequivocal permission to write/communicate on their behalf.
We are to write to the above letters of complaint highlighting the multiple failures of the FCA in regards to both Lendy and Funding Secure and seeking a Public Inquiry into the purported lack of Supervision demonstrated by the FCA in regards to both these companies.
This is especially pertinent for FS, where the FCA approved a Change of Control procedure in October 2018. We can only hypothesise that not all the protocols could possibly have been followed by the FCA prior to granting the Change of Control.
Will all those lenders that wish to have their names associated with these proposed letters, please give FSAG your written consent to add your name at the bottom of the letters we are to write.
The letters will be signed as a list of all people's names that have opt-in.
THIS OPT-IN PERMISSION NEEDS TO BE CONFIRMED BY EMAIL (LEGALITY).
• Please send your approval in writing to FSAGFCA@yahoo.com
• In the basic form of “[your name] gives my full support to FSAG”
• Please include:
(1) your first and last name. This is 100% required to opt-in.
(2) the name of your MP, his/her political party and constituency (saves us time later on in hunting out 100's of MPs), - if you live abroad and therefore do not have an MP, or you do not know your MP, please ignore point (2).
(3) if you have funds in FS or Lendy, and if you want to divulge the amount you have currently frozen (1st May 2021) in each company. This will give us a cumulative idea as to how large the problem is compared to other FCA regulated and non-regulated collapses recently.
Should you be aware of anyone who is not signed up to FSAG, please forward this post to them for their consideration to opt-in.
If you are NOT fully satisfied with the proposed way forward, please do NOT respond to this request. If you do not want to share your info, then only share what you are comfortable sharing.
We have a very small team here and doing what we can with quite literally zero resources.
A copy of the letter(s) will not be published on FSAG, as last time a letter was published in good faith on the platform for the lender’s info, the joint administrators quoted the letter in court.
The above is done purely as a goodwill gesture on our part.
If you do not feel happy, or are not in agreement by 100% support in providing your name, or concerned about any ramifications, then please don’t support.
If you are satisfied with the low returns you are likely to receive and do not wish to try and improve on those, your support is not expected.
The above is not an alternative to everyone making their own representation, you must also continue to chase up the FCA on your own accord. Literally, every letter they receive will add to our and your chances of success.
All the best,
FSAG Team on behalf of Marc Mason & FSAG Team
..well i've now posted this twice 
