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Sophos sale hampered by FCA Change in Control blunder

Today was meant to be Brit security biz Sophos’s last day on the London Stock Exchange following its £3bn purchase by a US venture capital company.

But there’s been a bump in the road, a stick in the wheel, because Sophos was a member of the UK government’s “cycle to work” scheme – which offers staff loans to pay for bicycles and related stuff like lights, helmets and panniers.

For full story click here…

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FCA issue their Thematic Review TR24/2: Product Oversight and Governance – General Insurance and Pure protection

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