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Legal News

FCA issues statement on Promethean Finance Limited tribunal decision

Published on: 17 September 2024
Published by LNB News

LNB News 17/09/2024

Document Information

Issue Date: 17 September 2024

Published Date: 17 September 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has issued a statement on the Promethean Finance Limited tribunal decision, noting that the time for the firm to appeal the Upper Tribunal’s 5 August 2024 decision has now passed and the FCA has published its Second Supervisory Notice setting out the action it took against Promethean and the basis for that action.

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