FCA confirms Blankstone Sington Restricted (BSL) is in particular administration

The UK Monetary Conduct Authority (FCA) confirms that Blankstone Sington Restricted entered particular administration following a Court docket Order.

Andrew Poxon, Alex Cadwallader and Hilary Pascoe of Leonard Curtis have been appointed joint particular directors.

BSL is an FCA-authorised wealth administration agency and a member of the London Inventory Trade. The agency’s administrators resolved to put the corporate into particular administration and utilized to Court docket for an order to that impact.

On 16 November 2021, the FCA took momentary motion to forestall BSL from disposing or diminishing the worth of its personal property, accepting new consumer cash or new custody property from present purchasers and from opening new consumer accounts, with out the FCA’s written consent.

You probably have any questions in regards to the course of and what occurs subsequent, you possibly can contact the joint particular directors at Leonard Curtis with any issues:

The Monetary Companies Compensation Scheme (FSCS) won’t be open to buyer claims at the moment, however they’re investigating whether or not there are any claims which might be eligible for compensation and the way any claims may finest be handled. As a part of the investigation, they are going to be working intently with the joint particular directors and the FCA.