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FCA faces legal action threat over closed-book affair

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FCA faces legal action threat over closed-book affair

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The FCA may face legal action from institutional investors after its disclosure of a probe into closed-book insurance policies.

Stocks recovered some ground when the FCA said the review would not be as onerous as feared

The FT now reports some institutional investors have consulted the Slaughter and May law firm over the potential for compensation.

Read the full article here on Investment Week

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