The FCA has declared Catalyst Investment Group Limited (Catalyst) to be in default. Catalyst distributed products issued by Luxembourg-based ARM Asset Backed Securities (ARM), via a network of Independent Financial Advisors (IFAs).
This default declaration follows an investigation by Financial Services Compensation Scheme (FSCS) and the FCA, and means the FSCS is now able to consider claims against the firm in relation to the ARM. Our consumer pages have more information for ARM investors.
The FSCS expects to confirm the process for making claims against Catalyst (including by customers of Rockingham Independent Limited) later this year. Investors do not need to take any action in the meantime - more information is available from the FSCS website.
The FCA has also taken enforcement action against Catalyst, and three of its current and former directors.