A special administration regime differs from the “normal” administration process to ensure the continuity of service or operation. It requires the return of client assets (such as investments) as soon as reasonably practicable, together with a high level of engagement with market infrastructure bodies such as the Financial Conduct Authority.
The administrations of regulated businesses (whether or not they enter special administration) are complex due to the amount of money held on trust, the requirement to liaise with regulatory bodies, and the often thousands of people affected who are looking to clarify their position.
Our team of expert restructuring and insolvency lawyers can draw on their experience to help regulated companies in distress, or insolvency practitioners who are appointed as administrators of regulated businesses. We have a large team which can react quickly to the needs of the parties involved and we work collaboratively with specialists from around the firm, such as our regulatory team.
20th June 2022
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