LONDON (Reuters) – Britain’s Financial Conduct Authority on Wednesday said that French asset manager H2O will pay 250 million euros ($273 million) to investors unable to access their funds since 2020.
“The FCA would have imposed a substantial fine on H2O for its serious breaches. However, the FCA has agreed the firm will make 250 million euros available to all those whose investments remain trapped,” the watchdog said in a statement.
($1 = 0.9160 euros)
(Reporting by Huw Jones; editing by Jason Neely)
