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Under the Financial Services Authority Redress Scheme, if you have bought a structured collar from Barclays, HSBC, Lloyds or RBS, the bank should contact you to explain whether you fall within the scope of the review (i.e. whether you are considered sophisticated or not).
If you fall within the scope of the review then you may need to respond to requests for information from your bank. The bank should then propose fair and reasonable redress, which is reviewed and agreed by an independent reviewer.
If you agree to the redress proposal then you will be issued with a final redress proposal.
Our experienced team of specially-trained clerks make instructing a 3PB Direct barrister simple. Watch our video for a step-by-step guide on how to work with us to achieve a resolution to your legal issue.
We’ll be here every step of the way to support and guide you through the legal challenges at hand.