RNS Number : 6753H
Arrow Global Group PLC
19 August 2016
FOR IMMEDIATE RELEASE
19 August 2016
Arrow Global Group PLC
FCA authorisation of wholly owned subsidiaries
Arrow Global Group PLC (the "Group"), one of Europe's leading purchasers and managers of debt, is pleased to
announce that its wholly owned subsidiaries Arrow Global Limited, Arrow Global Legh Limited, Arrow Global Massey Limited, and
Capquest Debt Recovery Limited have received their full Financial Conduct Authority (the "FCA") authorisation.
In April 2014, the debt purchase and management industry, along with the wider consumer credit industry, saw a
change in regulator from the Office of Fair Trading (OFT) to the FCA. At the time, companies were granted interim permissions and
were allocated a 'landing slot' where they could apply for full FCA authorisation. The Group's subsidiaries were allocated a Q3
2015 application slot and since this date we have been working with the FCA on full authorisation.
Today's announcement marks the successful completion of this application process and confirms the entities' full FCA
authorisation.
Commenting, Tom Drury, Group Chief Executive Officer, said:
"We are delighted to have received the necessary FCA authorisations. They are an important milestone for the Group
and are core to delivering on our strategy."
ENQUIRIES:
Arrow Global Group
PLC
+44 (0)161 242 5896
Tom Drury, Group Chief Executive Officer
Alex Barnett, Senior Corporate Communications Manager
Instinctif
+44 (0)20 7457 2020
Mike Davies
Giles Stewart
This information is provided by RNS
The company news service from the London Stock Exchange
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