Britain proposes to regulate 'mini-bond' at heart of collapsed LCF fund

© Reuters.

LONDON (Reuters) – Britain’s finance ministry on Monday said it proposes to regulate the issuance of mini-bonds like those sold by the now-defunct investment fund London Capital & Finance.

LCF’s collapse left investors facing losses on the unregulated mini-bonds they had bought.

“The government is consulting on proposals to bring the issuance of non-transferable debt securities – ‘mini-bonds’ – within the scope of financial services regulation,” the finance ministry said in a statement.

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