FSCS in-default register

Sequant Capital Ltd, formerly Central Markets (London) Ltd

Declared in default5 February 2019FRN 473312

What this means for you

Because Sequant Capital Ltd, formerly Central Markets (London) Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Sequant Capital Ltd, formerly known as Central Markets (London) Ltd (FRN 473312), provided investment advice and operated unregulated collective investment schemes before being declared in default by the Financial Services Compensation Scheme on 5 February 2019. Customers of the firm who held qualifying investments may be entitled to compensation of up to £85,000 under FSCS protection arrangements. The firm's default marked the end of its regulated operations in the financial services sector.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.