HalfTimeSayers
Player Valuation: £30m
Through work we jump through a billion FCA hoops. Regular info returns are pretty brief, and do centre around basic balance sheet strength. Assume they ask for more if there are issues.Just going by the quote today. I don't think the FCA approval is what everyone thinks it is. I truly don't know much about it, but it seems to be more of a test of impropriety than net worth, source of funds etc.
Weirdly the punishments are severe, such as being banned from selling insurance products etc even for just dealing with complaints poorly or pretty minor procedural errors (making customers aware of terms and conditions etc).
Still fairly amazed they waved them through when they have lawsuits left right and centre, but probably isn’t a sign the PL should automatically be happy.