FCA provides info to customers of Premier FX Limited

Maria Nikolova

The High Court appointed administrators in respect of Premier FX Limited on August 13, 2018, the FCA confirms.

The UK Financial Conduct Authority (FCA) has earlier today published a statement concerning customers of Premier FX Limited, an entity labeling itself as “the currency exchange experts”.

The regulator confirms that, following its application, the High Court appointed administrators in respect of Premier on August 13, 2018. Premier is authorised by the FCA under the Payment Services Regulations 2017 to perform money remittance services.

The website of Premier currently displays a message from Dina Devalia and Peter Hart of PFK Geoffrey Martin & Co., who have been appointed joint administrators of Premier.

Customers who have previously sent funds into Premier’s bank account(s) are advised to provide the information listed below, by either email or post. This will enable the Joint Administrators to address any queries and/or concerns the customers may have:

  • A copy of one’s agreement with the Company;
  • Confirmation as to the total funds sent into the Company’s bank account(s);
  • A detailed breakdown of one’s payments to the Company’s accounts, including details of the amounts and dates the payments were made, which currency payment was made in and any written instructions to the Company in respect of the same. Where possible copy bank statements evidencing your payment(s) should also be provided;
  • Details of the Company account(s) into which the payments were made.

Those affected are urged to arrange for this information to be sent to [email protected], or to be sent by post to the address detailed below:

PKF Geoffrey Martin & Co

1 Westferry Circus

Canary Wharf

London

E14 4HD

The Joint Administrators are currently carrying out their statutory investigations into the business and the above information will assist them with any queries Premier’s customers may have.

The FCA notes that it has taken this action to ensure that customers of Premier are adequately protected. The FCA will continue to work closely with the firm during the administration to ensure that customers are treated fairly.

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