Amigo Loans - comment
Amigo continues to hurdle the fences necessary to get regulatory approval for its Schemes of Arrangement. The Financial Conduct Authority (FCA) has now decided that it will not seek to be represented at the approval hearing in the High Court. This is as good as Amigo could have expected from the regulator at this point, in terms of Amigo 2.0 (the company’s preferred option). Amigo will still have to persuade its creditors and then the Judge to support 2.0 (over liquidation), but the probability of success just moved a notch higher