FSCS to start claims process for Catalyst/ARM in early 2014

The scheme said it was working with the provisional liquidators of ARM Asset Backed Securities, which went into liquidation on 9 October, to gather the details needed to start compensation proceedings against its distributer Catalyst. "This work is ongoing and, once completed, we will be in a position to start inviting claims for compensation," the FSCS said. It added: "We hope to start inviting claims from early 2014 and, in any event, will provide a further update on our progress before the end of December 2013." The FSCS will accept claims from investors who invested in Luxembou...