Research Briefing
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill
The Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill would make provisions relating to the payment of compensation to eligible customers of London Capital & Finance plc. It would also allow the secretary of state to provide a loan to the Board of the Pension Protection Fund and for that loan to form a part of the funds of the Fraud Compensation Fund. The House of Lords second reading and remaining stages of the bill are scheduled to take place on 19 October 2021.