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FCA month in review December 2023 – January 2024

FCA montage
GRIP Montage: FCA

As work at the FCA picks up pace again, we resume our regular digest of the regulator’s work, including a recap on some of the key developments since our last update in mid-December.

Enforcement

Aviation and Tech Capital Ltd, trading as Ablrate, has entered administration. ABLrate was the operator of a peer-to-peer lending platform, helping to facilitate crowdfunded loans to SMEs. The firm’s directors concluded the firm was insolvent, and filed for administration. Sean Bucknall, Brian Burke and Andrew Hosking of Quantuma