UK's Financial Services Authority: Keydata Investment Services Ltd

Keydata Investment Services Ltd (‘Keydata’) has today been placed into administration on the grounds that it is insolvent. Following an application to the Royal Courts of Justice by the Financial Services Authority (FSA), Dan Schwarzmann and Mark Batten of PricewaterhouseCoopers LLP (‘PWC’) have been appointed joint administrators.

Keydata is an investment manager specialising in the design and distribution of structured products for individual investors. Keydata also provides third party administration services for other financial institutions.

Investors, IFAs and other interested parties should contact PWC for further information on its dedicated website http://www.pwc.co.uk/KIS and its helpline 020 7804 4424.

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1. The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.
2. The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.