The Financial Conduct Authority (FCA) is focused on securing fair redress for those who invested in Connaught Income Funds. At this stage, we believe that a negotiated settlement to address investor losses from the Connaught Series 1 Fund represents the best course of action for all parties. Therefore, for a limited period, we will support the parties concerned in an attempt to reach a negotiated resolution with a view to obtaining appropriate redress for investors as soon as possible.
We encourage the parties concerned to engage constructively with us and each other for this limited period to avoid potentially lengthy and costly alternatives to a negotiated settlement. This is a voluntary and confidential process, and so we will be unable to comment further on its progress until an agreement is reached or negotiations break down.
