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Talks between Woodford administrator and FCA extended over potential £50m fine
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Link Fund Solutions, the administrator responsible for the oversight of Neil Woodford’s former flagship investment fund, has been given longer to respond to a draft warning notice from the UK regulator regarding a potential £50m fine for oversight failures.
The Financial Conduct Authority warned Link on 21 September that it could be forced to pay the multi-million pound penalty following a more than three-year-long probe into the circumstances leading up to the suspension of Woodford’s £3.7bn Equity Income fund in June 2019.
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